Interim Report for the Period April 1, 2022, to June 30, 2022

April – June 2022 in Summary

         Net Revenue of SEK 462.8 (311.1) million, representing a 48.8 percent growth. Notably, the growth was largely organic with 40.9 percent organic growth rate for the quarter and 23.6 percent in local currencies.

         EBITDA of SEK 88.3 (68.8) million, representing an increase of 28.2 percent.

         Adjusted EBITDA of SEK 84.3 (81.1) million, corresponding to a growth of 3.9 percent and 18.2 percent margin. The adjustment for non-recurring items affecting EBITDA in the second quarter comparability of SEK 4.0 million was primarily non-recurring revenues.

         Adjusted EBIT of SEK 32.9 (31.8) million.

         EBIT of SEK -184.7 (19.5) million. Mainly due to a non-recurring, non-cash impact from SEK 221.6 million write down of the intangible asset for the discontinued Marvel project.

         Profit before tax amounted to SEK -195.6 (-8.2) million. Excluding the non-cash, non-recurring items, profit before tax would have been SEK 22.0 million.

         Earnings per share amounted SEK -14.34 (-0.03). Adjusted EPS of SEK 0.03 with non-cash, non-recurring items added back.

         Solid cash flow from operations of SEK 63.5 (39.4) million, which more accurately reflects the group’s continuing and strong profitability without the non-cash, non-recurring items.

         Liquidity and credit profile remains very strong with net debt of SEK 23.7 (-40.6) million, comprised of SEK 381.3 million of cash and cash equivalents and SEK 404.9 million of liabilities to credit institution.


Note: Innova is reported as discontinued operations and is excluded from all actual and comparable figures unless otherwise stated.

Comment from Ji Ham, Acting CEO of EG7:

EG7 delivered another strong quarter with growth across all segments despite the increasing uncertainties in the global economy. For Q2, the group generated Net Revenue of SEK 462.8 (311.1) million, representing 48.8 percent growth and a strong organic growth of 40.9 percent. The organic growth in local currencies amounted to 23.6 percent. This represents our third consecutive quarter of noteworthy organic growth. We are very pleased to be able to deliver such consistent performance while a large cross section of the industry is dealing with slowing or, in many cases, negative growth. Adjusted EBITDA for the period was SEK 84.3 (81.1) million. The group businesses continue to produce consistent cash flows, generating a healthy SEK 63.5 (39.4) million of operating cash flows for the quarter.

Both Game and Service segments continue to demonstrate strong growth. Service segment produced another great quarter with Net Revenue of SEK 192.4 (94.7) million, representing an exceptional organic growth of 103.2 percent. Game segment is performing steadily and delivered Net Revenue of SEK 270.4 (216.4) million, representing 25.0 percent growth for the period.

While the group is not immune to a global market slowdown, we are very well-positioned to weather the volatility better than others, benefitting from our diversified portfolio of businesses and the significant recurring and stable revenues from our live games portfolio.

Net Revenue for July came in at SEK 132.7 million and Net Revenue range expectations for the full year is SEK 1.6-1.7 billion with margins near the new normalized level.


Ji Ham, Acting CEO

Phone: +46 70 065 07 53


Fredrik Rüdén, Deputy CEO and CFO
Phone: +46 733 117 262




EG7 is a group of companies within the gaming industry that develops, markets, publishes and distributes PC, console and mobile games to the global gaming market. The company employs 470+ game developers and develops its own original IPs, as well as acts as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios, Big Blue Bubble and Antimatter Games. In addition, the group's marketing department Petrol has contributed to the release of 1,500+ titles, of which many are world famous brands such as Call of Duty, Destiny and Elden Ring. The group's publishing and distribution department Fireshine Games hold expertise in both physical and digital publishing. EG7 is headquartered in Stockholm with approximately 700 employees in 16 offices worldwide.


Nasdaq First North Growth Market Ticker Symbol: EG7


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