Welcome to the Investor Relations section of the gamigo Group

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America.

In total, the gamigo Group employs more than 400 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), New York, Redwood City, Austin (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Defiance, ArcheAge, Trove, Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga.

gamigo strives for organic growth and growth through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Information about the gamigo AG bond

Issuer:gamigo AG
Type of SecuritySenior Secured Floating Rate Callable Bonds
ISINSE0011614445
ListingNASDAQ Stockholm / Frankfurt Stock Exchange (Open Market)
VolumeEUR 50 million
Initial nominal amount/denominationEUR 100,000
StatusSenior secured
Interest rate / coupon7.75% p.a. over the 3-month EURIBOR rate (minimum 0%)
Payment of interestJanuary 11, April 11, July 11 and October 11 each year. The first payment date shall be January 11, 2019. The last payment date shall be October 11, 2022.
Issue dateOctober 11, 2018
Issue price100% of the nominal amount
Tap Issue 1:April, 2019 with issue price at 100,5% of the nominal amount and a volume of EUR 10 million
Tap Issue 2:June, 2019 with issue price at 101,0% of the nominal amount and a volume of EUR 8 million
Maturity4 years (2018-2022)
CurrencyEURO
RedemptionOctober 11, 2022
Use of proceeds

The proceeds from the issue will be used to (1) refinance the Existing Debt together with accrued but unpaid interest, (2) finance general corporate Purposes (including investments and acquisitions), and (3) finance Transaction Costs.

The proceeds from any Subsequents Bond Issue shall be used to finance general corporate purposes (including investments, Transaction Costs and acquisitions) of the Group.

Sole BookrunnerPareto Securities AB, Stockholm
Terms and ConditionsDownload

Financial calendar

Release Date


29. May 2020Interim Report Q1 2020
31. August 2020Half Year Report Q2 2020
30. November 2020Interim Report Q3 2020
26. Februar 2021Year End Report Q4 2020
 
  

 

Ad hoc-News

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 18.06.2019 / 09:02 CET/CEST

gamigo successfully places a tap issue of its listed bond, increasing the outstanding amount by EUR 8 million to EUR 50 million.

Hamburg, 18 June 2019 – gamigo AG (“gamigo”, bond ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, has placed a tap issue of EUR 8 million of its senior secured floating rate callable bonds listed on NASDAQ Stockholm. The net proceeds from the tap issue are intended to be used for general corporate purposes, including investments and acquisitions for further growth. Following the tap issue, the bond has a total outstanding volume of EUR 50 million and a coupon of 3 months EURIBOR (with a zero floor) plus 7.75 % per annum. The maturity date is 11 October 2022.

The tap issue was placed over par at a price of 101.00 % of the nominal amount. The settlement is expected to take place on 1 July 2019. The new bonds will be listed under the same ISIN, SE0011614445, on the regulated market of the NASDAQ Stockholm and co-listed on the Frankfurt Stock Exchange Open Market. Pareto Securities, Stockholm acted as sole book runner for the tap issue.

Management commentary
Paul Echt, CFO of gamigo AG: “We are very pleased about the tap issue of the bond with a total volume of EUR 50 million. The tap issue was oversubscribed like the bond issue in March 2019. This shows how attractive the company is for investors and it underpins the track record of the recent years. With the additional funds in combination with our positive operating cash flow and the free liquidity from the last tap issue in March this year, we can continue to pursue our dynamic, strongly M&A-driven growth path.”

About gamigo
Since its foundation in 2000, gamigo has become one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total the gamigo group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Austin, Redwood City, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, ArcheAge, Defiance, Aura Kingdom and Fiesta Online. gamigo grows organically as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer:
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo and its affiliated companies and the estimates given here. Neither gamigo nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

For further information please contact:

Press:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone +49 69 9055 05 51
Email: gamigo@edicto.de

Company contact:
gamigo AG
Sören Barz
Investor Relations
Email: ir@gamigo.com

Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
Email: info@gamigo.com
Web-Page: www.gamigo.ag

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 04.04.2019 / 00:25 CET/CEST

gamigo AG: acquisition of the gamepublisher WildTangent Inc. in the form of an asset deal leads to further profitable growth

  • WildTangent is a leading publisher of casual games, based in Bellevue, Washington State (USA)
  • Attractive asset deal; WildTangent publishes over 4,000 games and makes a positive contribution to EBITDA of the gamigo group from day one after the acquisition
  • Great potential for synergies with gamigo’s game publishing activities

Hamburg, 3, April 2019 – The gamigo AG today, via it’s 100% subsidiary gamigo Inc., acquired substantially all assets of the US games publisher WildTangent Inc. (“WildTangent”). The purchase price is in the mid-single-digit million US dollar range. The parties have agreed not to disclose the exact purchase price. The assets include, among others, a portfolio of over 4,000 games, which are distributed via the company’s own platform and in close cooperation with leading computer and laptop manufacturers. The acquired business of WildTangent is expected to contribute to revenues with a mid-single-digit million US dollar amount in the current financial year and to positively contribute to the gamigo group’s EBITDA from the date of acquisition.

In addition to the positive financial figures, gamigo expects the acquisition to generate significant synergies with gamigo’s current gaming activities and portals. WildTangent operates a gaming platform with more than 4 million visitors per month, a network of more than 400 game developers and publishers, a substantial customer base, as well as contracts for the distribution of the games portfolio via leading computer manufacturers.

Notes
With this acquisition, gamigo AG continues its series of successful acquisitions using the consolidation potential of the market. Based on its platform strategy, synergies between gamigo and the acquired companies can be leveraged and thus contribute to the further profitable growth of the group. With the current acquisition of the WildTangent assets as well as the Trion Worlds assets at the end of 2018, gamigo significantly strengthened its position in the USA, one of the world’s largest gaming markets.

Remco Westermann, CEO of the gamigo group: “We are very happy about this successful acquisition and can thus further expand our market position in the USA. WildTangent is profitable from day one after the acquisition and will as such immediately contribute to gamigo group’s operating profit. The acquisition will allow us to further leverage economies of scale as well as synergies. We further continue our path of growth and continue looking for further suitable targets”.

About the gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Austin, Redwood City (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, ArcheAge, Defiance, Aura Kingdom and Fiesta Online. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer:
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of the gamigo AG or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the gamigo AG and its affiliated companies and the estimates given here. Neither the gamigo AG nor its affiliated companies assume any liability to update these forward-looking statements or to adapt them to future events or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone +49 69 9055 05 51
E-mail: gamigo@edicto.de

Company contact:
gamigo AG
Investor Relations
ir@gamigo.com 

Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
E-mail: info@gamigo.com
Web page: www.gamigo.ag

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596 / 2014 – March 26, 2019 / 08:11 CET/CEST

gamigo AG; successfully places tap issue of its senior secured listed bond in the amount of EUR 10 million

Hamburg, March 26, 2019: gamigo AG is pleased to announce that, following a short book building process, organized by Pareto Securities, Stockholm, the Company has successfully concluded a tap issue of EUR 10 million of senior secured floating rate callable bonds due October 2022 within the existing EUR 50 million bond issuance program of gamigo AG. The tap issue was oversubscribed. The net proceeds from the tap issue are intended to be used for the general corporate purposes, including investments and acquisitions for further growth.

The tap issue was made over par at a price of 100.50 per cent of the nominal amount and has the same coupon of 3 months Euribor (with a zero floor) plus 7.75 per cent per annum, and maturity date of 11 October 2022. So far gamigo AG had issued EUR 32 million of senior secured bonds within a framework of up to EUR 50 million, in October 2018 with ISIN SE0011614445. Settlement of the tap issue is expected to take place on April 02, 2019. After the tap issue, the total amount outstanding of gamigo AG’s bond loan will amount to EUR 42 million. The tap issue bonds will be listed with the same ISIN SE0011614445 in the regulated corporate bond segment of Nasdaq Stockholm and co-listed on the Frankfurt Stock Exchange Open Market.  

About gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of online and mobile games in Europe and North America. In total, the gamigo group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Redwood City, Austin, Chicago (USA), Warsaw (Poland), Istanbul (Turkey), and Seoul (South-Korea). The company’s core portfolio includes successful gaming titles such as ArcheAge, Trove, Aura Kingdom and Fiesta Online. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Press contact:
edicto GmbH
Dr. Sönke Knop / Axel Mühlhaus
Telefon +49 69 9055 05 51
E-Mail: gamigo@edicto.de

For further information please contact:
gamigo AG
Investor Relations
ir@gamigo.com

Issuer:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

Email: info@gamigo.com
Web-Page: www.gamigo.ag

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 14, March 2019 / 09:51 CET/CEST


gamigo AG; financial update, fixed income investor meetings and potential tap issue

Hamburg, March 14, 2019: gamigo AG („gamigo Bond“ WKN: A2NBH2 / ISIN: SE0011614445) has man-dated Pareto Securities AB to arrange a series of fixed income investor meetings starting on 18 March 2019. Subject to market conditions, a tap issue of up to EUR 10 million may follow. The proceeds from such bond issue would be used to finance continued growth of gamigo.

For the purpose of incurrence testing under the bond’s terms and conditions, gamigo announces that as of February 15, 2019, its net interest-bearing debt position amounted to EUR 23.5 million and its EBITDA for the full year 2018 amounted to EUR 11.3 million, calculated in accordance with the bond’s terms and conditions.

About gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Ger-many), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, Arche-Age, Defiance, Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer:
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo AG or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial sit-uation, development or performance of gamigo AG and its affiliated companies and the estimates given here. Neither gamigo AG nor its affiliated companies assume any liability to update these forward- look-ing statements or to adapt them to future events or developments.

For further information, please contact:

Remco Westermann, CEO
gamigo AG
Investor Relations
Email: ir@gamigo.com

Issuer:

gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

Email: info@gamigo.com
Web-Page: corporate.gamigo.com


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 06, December 2018 / 14:45 CET/CEST


gamigo AG; publishes bond prospectus and applies for listing of its bonds on Nasdaq Stockholm

gamigo AG (“gamigo”) has issued a senior secured bond loan of EUR 32,000,000 on 11 October 2018, within a total framework amount of EUR 50,000,000, on primarily the Swedish and continental European bond market. The bonds with ISIN SE0011614445 carry a floating interest rate of EURIBOR 3m + 7.75 per cent. per annum (a EURIBOR floor at 0.00 per cent. apply) and matures 11 October 2022.

gamigo has applied for listing of the bonds on the corporate bond list at the regulated market at Nasdaq Stockholm. The bonds will be admitted to trading at Nasdaq Stockholm as soon as possible.

In connection with this, gamigo has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority (“FI”) in accordance with the Financial Instruments Trading Act (Sw. lag (1991:980) om handel med finansiella instrument). The prospectus will be available on FI’s website (www.fi.se) and on gamigo’s website (www.gamigo.com).

This information is information that gamigo is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014/EU) and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 14:15 CET on 06.12. 2018.

For further information, please contact:

Remco Westermann, CEO
+4940411885206
Email: ir@gamigo.com

Issuer:

gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

Email: info@gamigo.com
Web-Page: corporate.gamigo.com


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 22, October 2018 / 21:55 CET/CEST


gamigo AG; acquisition of Trion Worlds games company to further strengthen its market-position in the games market.

Hamburg, October 22, 2018: gamigo AG („gamigo Bond“ WKN: A2NBH2 / ISIN: SE0011614445) has acquired major assets from Trion Worlds Inc. Trion Worlds is a leading US gaming company with offices in Redwood City (California) and Austin (Texas) and has as publisher and developer of online and console MMO-games, well-known games such as Rift, Defiance, Trove and ArcheAge in it’s portfolio. The assets of the company have been acquired by gamigo’s subsidiary Golden Gate Games Inc., via an “Assignment for the Benefit of the Creditors” process, in which the buyer only buys those assets, with which he wishes to continue the business.

The gamigo group has acquired the majority of the assets, including the platform, takes over employees to operate the business and gets the full publishing rights of the games. The IP’s of the Trion Worlds games have been acquired by gamigo’s sister company Padmapani GmbH and are made available for gamigo group, worldwide and exclusive.

It is expected that the Trion Worlds acquisition will add on gamigo group level revenues of at least USD 18 million in 2019. Depending on the speed and success of restructuring and integration, management expects an additional EBITDA of USD 1 to 4 million, based on unlocking substantial synergies and economies of scale as proven in numerous acquisitions before.

The full purchase price amounts to a low USD two-digit million amount (including possible earn-outs).

About gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 250 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago (USA) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer:
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo AG or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo AG and its affiliated companies and the estimates given here. Neither gamigo AG nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments.

For further information please contact:

Gamigo AG
Public and Investor Relations
Email: pr@gamigo.com

Issuer:

gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

Email: info@gamigo.com
Web-Page: corporate.gamigo.com

Press Release

gamigo AG; publishes its audited consolidated financial statements for the 2018 financial year

Hamburg, 27 April 2020 – Today gamigo AG (“gamigo Bond” WKN: A2NBH2 / ISIN: SE0011614445) publishes its audited 2019 consolidated financial statements. The audited 2019 consolidated financial statements are available from today on gamigo AG’s website in the Investors’ section https://corporate.gamigo.com/en/investors/.

About the gamigo group:

Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 350 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArchAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

 

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

 

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-Mail: gamigo@edicto.de

 

Company contact:
gamigo AG
Sören Barz, Investor Relations
ir@gamigo.com

Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
E-Mail: info@gamigo.com
Web-Page: www.gamigo.ag

 

gamigo AG shows strong revenue growth of 30% in 2019 while operating cash flow increases by 56% to EUR 16 million


Hamburg, 28 February 2020
– gamigo AG (“gamigo”, Anleihe ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, has published its preliminary unaudited consolidated financial statements and has continued to grow profitably in the 2019 financial year.

In the 2019 financial year, gamigo AG further improved all key business figures:

  • Revenues of EUR 59 million; an increase of 30% (2018: EUR 45 million)
    This increase is due to organic growth through the launch of new games such as ArcheAge Unchained, which already generated 10% of the group’s gaming revenues in 2019, and M&A growth through the successful integration of Trion Worlds and WildTangent.
  • EBITDA of EUR 16 million; an increase of 48% (2018: EUR 11 million)
    The EBITDA margin increased from 24% to 28% due to higher revenues combined with further efficiency improvements through synergy effects. gamigo has increased its investments in the further development of its own IPs in 2019 and thus in future organic growth.
  • EBIT of EUR 6.3 million; an increase of 142% (2018: EUR 2.6 million)
    The EBIT margin almost doubled from 6% to 11%.
  • Net income of EUR 2.0 million; an increase of 22% (2018: EUR 1.6 million)  

Overall, the 2019 financial year went very well for gamigo AG. By focusing more strongly on its own games portfolio and launching new games, the share of organic revenue growth within total revenue growth of 30% was increased from 5% in 2018 to 10% in 2019. Gamigo had on average more than 600,000 daily active users and 5 million monthly active users in its gaming portfolio in the 2019 financial year.

2019 was also a good year for gamigo in terms of financing. In the first half of 2019, further tranches of the senior secured corporate bond in the amount of EUR 18 million were placed at a price above par. Following the bond issues, the outstanding volume amounts to EUR 50 million, thus exhausting the entire framework of the bond. By placing further bonds, gamigo has raised additional capital from international investors. In contrast to bank loans, this gives gamigo greater flexibility with regard to M&A, which often requires quick decisions. This flexibility gives us an advantage over our competitors in the M&A processes. The price of the bond on the Frankfurt Stock Exchange is currently 103.88% and reflects the Group’s high credit rating.

The outlook of gamigo AG for 2020 sees further growth:

The outlook for further expansion remains positive. gamigo expects the average revenue growth (CAGR) of approx. 30% since 2014 to continue in the coming years as well as a further increase in EBITDA.

Remco Westerman, CEO: “2019 was another outstanding year for gamigo. We continued our profitable growth in gaming through a combination of M&A and organic growth. With the acquisition of WildTangent in 2019, we were able to build on our track record of over 25 acquisitions over the last 6 years. And by continuing to focus on our games portfolio and launching new games, we have been able to increase the share of organic growth from 5% in 2018 to 10% in 2019.“

Results and operational highlights of gamigo AG in Q4 2019:

  • Revenues amounted to EUR 16.0 million (Q4 2018: EUR 13.5 million), which is an increase of 19%.
  • EBITDA amounted to EUR 4.0 million (Q4 2018: EUR 3.5 million), which is an increase of 15%.
  • EBIT amounted to EUR 1.6 million (Q4 2018: EUR 1.0 million), which is an increase of 55%.
  • Net profit for the period was EUR 1.0 million (Q4 2018: EUR 0.7 million), which is an increase of 37%.

Selected key performance indicators, gamigo group:

In EUR million

2019 Oct-Dec

2018 Oct-Dec

2019 Jan-Dec

2018 Jan-Dec

Net Revenues

16.0

13.5

58.9

45.3

YoY Growth in revenues

19%

26%

30%

8%

EBITDA

4.0

3.5

16.3

11.1

EBITDA margins

25%

26%

28%

24%

Adj. EBITDA

5.0

4.8

18.2

13.4

Adj. EBITDA margins

31%

36%

31%

30%

EBIT

1.6

1.0

6.3

2.6

EBIT margins

10%

8%

11%

6%

Net Result

1.0

0.7

2,0

1.6

The Interim Report Q4 2019 has been prepared in accordance with IAS 34, Interim Financial Reporting. These condensed consolidated interim financial statements have been prepared in accordance with IFRS such as adopted by the EU and the relevant references to the German Com-mercial Code and the German Corporation Act. The consolidated financial statements are  for gamigo are preliminary and unaudited. Audited financial statements are expected for 30.04.2020.

This information is information that Gamigo AG is obliged to make public pursuant to the Securities Markets Act (2007:528). The information was submitted for publication at 08:00 CET on 28.02.2020.

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 350 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArchAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-Mail: gamigo@edicto.de 

Company contact:
gamigo AG
Sören Barz, Investor Relations
ir@gamigo.com 

 

Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
E-Mail: info@gamigo.com
Web-Page: www.gamigo.ag

Gamigo AG; strategic main shareholder Media and Games Invest increases its stake in gamigo AG from 53% to 98%

Hamburg, February 17, 2020 – gamigo AG (“gamigo”, Bond ISIN: SE0011614445) announces today that its strategic main shareholder Media and Games Invest plc (“MGI”, ISIN: MT0000005801010101; Symbol: M8G; Basic Board, Frankfurt Stock Exchange) is acquiring 1.05 million additional gamigo shares, representing approximately 45.5% of the total outstanding gamigo shares. MGI is thus increasing its stake in gamigo AG from 53% to 98%. The transaction is expected to be completed in the coming days. MGI has announced that it also plans to acquire the remaining gamigo shares.

Media and Games Invest plc is a fast and profitable growing company in the digital online media and games markets. In addition to gamigo AG, its major holdings include ReachHero GmbH, a leading Influencer SaaS platform, Applift GmbH, a leading media company specializing in mobile advertising and PubNative GmbH, an SSP platform for mobile advertising. Media and Games Invest is listed on the Frankfurt Stock Exchange and on XETRA, among others.

Following the acquisition, MGI aims to establish close cooperation between gamigo and its other subsidiaries and expects this to further improve the efficiency and profitability of gamigo and its other holdings.

Remco Westermann, CEO: “The expansion of MGI’s stake in gamigo is a positive step, as non-strategic shareholders will exit and gamigo can benefit from synergy potential with the other MGI companies. In particular, we see substantial synergy potential in customer acquisition for the gamigo games, in strengthening gamigo’s position in the mobile games sector and in the cooperation between the gamigo media companies and MGI’s media companies. We also see a further advantage in the now straight forward shareholder structure in combination with MGI’s access to the capital markets.” 

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 350 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArcheAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

 Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telephone: +49 69 9055 05 51
Email: gamigo@edicto.de

Issuer
Gamigo AG
Sören Barz, Head of Investor Relations
Behringstraße 16 B
22765 Hamburg, Germany
E-Mail:
soeren.barz@gamigo.com

Web-Page:
www.corporate.gamigo.com

gamigo AG agreed on acquiring substantially all assets of Verve Wireless Inc., a leader in programmatic mobile location-based display and video advertising, thus strengthening its B2B activities as well as the gaming segment in terms of user acquisition and mobile gaming


Hamburg, January 23, 2020
 – gamigo AG (“gamigo”, bond ISIN: SE0011614445) today agreed on acquiring substantially all assets of Verve Wireless Inc (“Verve”) via its US-based subsidiary. Verve is a leading North American mobile data platform for location-based programmatic video and display marketing. This transaction includes Verve’s technology, intellectual property and the team with domain expertise in branded programmatic advertising and its location-based analytics and data management platform. gamigo welcomes Verve’s customers and partners and plans to support further rolling out of the business globally also using synergies within the group.

Verve was founded in 2005 with offices in i.a. New York and San Diego. The acquisition is expected to generate additional net revenues in the lower double-digit million range in the current fiscal year. Depending on the speed of finalizing, restructuring and integrating the transaction within the coming weeks, management expects an additional EBITDA in the low single-digit million range for the year 2020.

The acquisition expands the group’s product portfolio, customer base and sales organization and further strengthens the group’s position in the North American market with strong synergies towards the other media companies as well as gaming companies of the group.

After the acquisition, gamigo will be able to offer advertisers the full range of digital advertising products, from full-service packages to individual services. With approx. 5 million monthly active and approx. 600k daily active users, gamigo has exclusive and high-quality advertising spaces, which represents an additional substantial USP in the area of digital advertising for the B2B segment. In addition, the gaming area will also benefit significantly. Firstly, through the additional expertise and power in the area of user acquisition especially for upcoming game launches. Secondly, the know-how in the field of mobile applications and the software for mobile applications will give gamigo a boost in the field of mobile gaming.

“The ad-tech market is very similar to the gaming market. Technology-driven, with a few very large players, but also very fragmented with many smaller ones, which often get into financial difficulties due to their lack of size and high overhead costs. At the same time, there is a lot of mistrust on the advertiser’s side towards public advertising marketplaces in terms of data quality and transparency. Therefore, we see high potential for organic growth due to our in-house high-quality advertising spaces on the one hand and on the other hand due to the expanded user acquisition power as well as for further inorganic growth through M&A driven market consolidation.” said Remco Westermann, CEO of gamigo.

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 350 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArcheAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

 

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telephone: +49 69 9055 05 51
Email: gamigo@edicto.de

Issuer
Gamigo AG
Sören Barz, Head of Investor Relations
Behringstraße 16 B
22765 Hamburg, Germany
E-Mail: soeren.barz@gamigo.com
Web-Page: www.corporate.gamigo.com

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014 – 29.11.2019 / 12:00 CET/CEST

gamigo AG continues its growth path in Q3 2019 and significantly exceeds EBITDA for the full year 2018 in the first nine months of 2019

  • Revenues grow by 34 % to EUR 43.0 million in the first 9 months 2019
  • EBITDA increases in the first 9 months 2019 by 63% to EUR 12.3 million
  • Operating cash flow improves by 33 % and grows to EUR 9.4 million in the first 9 months 2019
  • Successful integration of recent acquisitions almost completed

All figures in this release relate to unaudited consolidated gamigo group figures in accordance with IFRS

Hamburg, 29 November 2019 – gamigo AG (“gamigo”, bond ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, continued to grow strongly in the first nine months of 2019 and increased its operating profit significantly over-proportionally. EBITDA and EBIT for the first nine months of 2019 were already well above the figures for the full year 2018. Revenues in the first nine months of 2019 rose by 34 percent to EUR 43.0 million compared with EUR 31.8 million in the same period of the previous year. EBITDA improved by 63 percent to EUR 12.3 million after EUR 7.9 million in the first nine months of 2018. The figure for the entire previous year was EUR 11.1 million. EBIT tripled to EUR 4.7 million after EUR 1.6 million in the same period of the previous year. The total EBIT of the previous year amounted to 2.6 million Euro. At EUR 9.4 million, the operating cash flow was 33 percent above the figure for the same period in the previous year (2018, EUR 7.1 million). Cash and cash equivalents as of 30 September 2019 totaled EUR 20.9 million, compared with EUR 4.2 million at the end of 2018.

In the third quarter of 2019, revenues increased by 41 percent to EUR 14.5 million, compared with EUR 10.2 million in the third quarter of the previous year. EBITDA improved by 72 percent to EUR 4.0 million after EUR 2.3 million in the previous year. Thus, growth in revenues and earnings continued in the third quarter. In addition to organic growth, the largely completed integration of the WildTangent and TrionWorlds acquisitions contributed to this very positive business development. The synergy effects generated by the integration have resulted in costs rising significantly less than revenues.

The outlook for further business development remains positive and gamigo expects the strong and profitable growth to continue. The launch of ArcheAge: Unchained in mid-October will generate additional organic growth in the fourth quarter and further promising launches are in preparation for the following quarters.

Remco Westermann, CEO of the gamigo Group: “Having successfully completed most of the integration of the last acquisitions in the first half of the year, which led to cost advantages and efficiency gains, the focus in the third quarter was mainly on organic growth. ArcheAge Unchained: was successfully launched in October and further promising game launches are in preparation for the coming quarters. With our liquid funds of around EUR 21 million, we have the financial resources to exploit the existing organic and inorganic growth opportunities. gamigo is thus ideally positioned for further strong growth.”

The Q3 Report is available for download in the Investor Relations section of the gamigo AG website at: https://corporate.gamigo.com/investoren/ .

For the first time, the gamigo AG Q3 Report is also available as a video presentation. The video will be available from 02 December 2019 under the following link: https://corporate.gamigo.com/investoren/.

This Corporate News is information that gamigo AG is required to publish pursuant to the Market Abuse Ordinance 596/2014 and the Securities Markets Act (2007:528). This information was published by the issuer listed below on 29.11.2019 at 12:00 noon.

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 350 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArchAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 25 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-Mail: gamigo@edicto.de

Company contact:
gamigo AG
Sören Barz, Investor Relations
ir@gamigo.com

 

Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

E-Mail: info@gamigo.com
Web-Page: www.gamigo.ag

gamigo AG acquires minority stake in Phoenix Games Holding GmbH and expects to continue its strong growth path

Online games publisher gamigo AG has acquired a minority stake in Phoenix Games Holding, a group of companies in the field of free-to-play mobile games development, in order to unfold synergies and growth opportunities between the two fast-growing companies. Furthermore, in line with developments to date, the Management Board of gamigo expects further revenue CAGR of 25% – 30% for the next 3-5 years, combined with an EBITDA margin of 25% – 30% and an EBIT margin of 15% – 20%. 

Hamburg, 18 September, 2019 – gamigo AG („gamigo“, Anleihe ISIN: SE0011614445), one of the leading publishers of mobile and online games in Europe and North America, today announced that it acquired a minority stake of less than 5% in Phoenix Games Holding. The companies will leverage synergies and growth opportunities in mobile game development and publishing, user acquisition and technical innovation.

Phoenix Games is a family of gaming companies and was founded by games industry entrepreneur veteran Klaas Kersting. Phoenix Games is a holding company focusing on acquiring and maximizing the potential of mobile gaming development studios by offering its own expertise and enabling cooperation between teams. Phoenix concentrates on the development and publishing of mobile games and recently acquired the British studio Well Played Games.

“A strong belief in the power of collaboration goes right to the core of Phoenix, so we are excited to welcome yet more strategic expertise into the family with this partnership”, said Klaas Kersting, CEO of Phoenix Games. “There are clear strategic synergies between Phoenix, gamigo and the companies associated to each that will help us to deliver even more expertise and upside to our growing family of developers.”

gamigo AG has acquired a minority stake in Phoenix Games Holding and is confident that this cooperation will enable it to leverage the potential of the growing mobile games sector even more effectively.

“With this partnership, we strengthen our expertise and foothold in the mobile games market. Also we are convinced that there are several synergies between Phoenix and gamigo, such as launching new games and customer acquisition, that will lead to additional growth and earnings of both companies.”, said Remco Westermann, CEO of gamigo AG.

Gamigo continues to focus on inorganic growth through acquisitions of companies and assets and takes advantage of the market consolidation opportunities. In addition, gamigo also increasingly focuses on organic growth. In the second half of 2019, gamigo has 3 game launches as well as several major content updates. In the Media / Advertising segment, the focus is on organic growth. In addition to its positive operating cash flow and freely available cash of over 20 million euros from the bond issued on Nasdaq Stockholm, gamigo has retained Pareto Securities AB to explore further financing -equity and non-equity- options to support further organic and non-organic growth.

The gamigo business model, that combines organic and anorganic growth and focuses on using synergies via integration and scale, shows good results.  While the total gaming market shows an annual average growth of app. 11% per year, gamigo had over the past 4 and ½ years an average revenue growth of 32% per year. The EBITDA margin has over this period increased to current between 25% and 30% and also the earnings before interest and taxes, EBIT, consistently showed a positive trend reaching 11% of revenues in the first half of 2019 with a further upward trend. Based on these past results, in combination with many acquisition targets being available as well as organic growth opportunities, and further efficiencies that are realized with larger scale, the board of gamigo expects in line with past development continuous further revenue CAGR for the next 3-5 years of 25% – 30% in combination with  an EBITDA margin of 25% – 30% and an EBIT margin of 15% – 20%.

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 400 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArchAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

About Phoenix Games:
Phoenix Games was founded by serial games entrepreneur (Gameforge, Flaregames) and investor (Supercell, Wooga) Klaas Kersting in 2019 with the mission to build a family of the world’s most talented game developers and service providers. Phoenix firmly believes that backing great companies with the freedom to create will yield exciting results for everyone.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-Mail: gamigo@edicto.de

Company contact:
gamigo AG
Sören Barz, Investor Relations
ir@gamigo.com 

Issuer:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany

E-Mail: info@gamigo.com
Web-Page: www.gamigo.ag

gamigo with profitable revenue growth in the 1st half of 2019 – EBIT up 149 percent

  • Revenue grows by 32 percent to EUR 28.4 million (H1 2018: EUR 21.5 million)
  • EBITDA increases by 59 percent to EUR 8.3 million (H1 2018: EUR 5.2 million)
  • The cash flow from operating activities amounts to EUR 6.5 million and thus grows by 19 percent (H1 2018: EUR 5.5 million).
  • Organic growth and successful integration of the acquired TrionWorlds assets (Q4 2018) and WildTangent assets (Q2 2019) contribute to growth

All figures in this release relate to unaudited consolidated group figures in accordance with IFRS

Hamburg, 30 August 2019 – The gamigo Group (“gamigo”, bond ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, continued to show strong and profitable growth in the second quarter and the first half of 2019 according to unaudited consolidated IFRS Group figures. Driven by organic growth in combination with the revenue and earnings contributions of the successfully acquired TrionWorlds and WildTangent assets, consolidated revenues increased by 32 percent to EUR 28.4 million in the first half of 2019 (H1 2018: EUR 21.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) also developed very positively, rising by 59 percent to EUR 8.3 million (H1 2018: EUR 5.2 million), while earnings before interest and taxes (EBIT) rose by 149 percent to EUR 3.2 million (H1 2018: EUR 1.3 million). Operating cash flow improved by 19 percent to EUR 6.5 million (H1 2018: EUR 5.5 million).

Second quarter, April – June 2019
The positive business development also continued in the second quarter of 2019. Group revenues increased by 26 percent to EUR 15 million (Q2 2018: EUR 11.9 million), EBITDA grew by 49 percent to EUR 4.3 million (Q2 2018: EUR 2.9 million). EBIT improved by 67 percent to EUR 1.7 million (Q2 2018: EUR 1 million).

A major part of the focus in the first half of the year was on the integration of TrionWorlds assets and WildTangent assets. Both assets developed very positively and the integration processes were largely successfully completed by the end of the first half of 2019. The considerable synergy potential at various levels is now beginning to show its first positive effect on the Group’s results. Both acquisitions are proof that the strategy of gamigo AG to take advantage of the potential of the consolidating market at a low risk is working.

The critical mass now achieved by this strategy enables gamigo to focus on organic growth without having to take the usual industry-specific risks.

In this context, gamigo also used the first half of 2019 to build the basis for stronger organic growth in the second half of the year by preparing three major game launches that could become milestones for the company in the second half of 2019.

That includes:
Commercial Launch Ironsight
After taking the necessary time to further optimize Ironsight in the open beta phase in order to exploit the full potential of the promising multiplayer shooter, it was announced at Gamescom 2019 that the commercial launch is planned for the fourth quarter of 2019. The preparations are currently in progress.

Relaunch Desert Operations
Another very important launch will be the new version of the online strategy game Desert Operations. Desert Operations is one of the older gamigo game titles that has a very loyal and long-lived gaming community. Although the game has been on the market for about 10 years, it has currently increased its revenue by 16 percent YoY. Since the graphics of the game are getting older, a relaunch of the game was decided. The special aspect of the relaunch is that the development team involved the players of Desert Operations in the development and thus chose a Game as a Service approach. In this way, the experience and knowledge of the players are integrated into the development of the game. The result is very promising and much more than a pure re-skin and will be launched in the second half of the year.

ArchAge Unchained
On Sep 30, 2019 “ArcheAge: Unchained” will be published. This game is a new version of the very successful MMORPG “ArcheAge”. While the original “ArcheAge” is a highly monetised free-to-play game, the “Unchained” version will be a buy-to-play version, making the entire world of “ArcheAge” available to players through a single purchase. This game is highly targeted at a certain part of the MMO audience: Players of ArcheAge and similar MMOs, who typically invest small to medium amounts in the game. For this market “ArcheAge: Unchained” offers a significant added value. To announce the launch, gamigo has started a mystery reveal campaign for the new game with a countdown website that has led to many positive reactions from both players and the press alike

Remco Westermann, CEO of the gamigo Group: “Following the successful integration of the recently acquired assets, we have once again focused on organic growth by optimizing our games portfolio. In addition to smaller and already launched updates, e.g. in the games Trove, Defiance 2050, ArchAge and Fiesta, three major launches are planned for the second half of the year, whose preparations are currently in full swing. Due to the positive development of our operating business and the increase of our bond by a further 18 million Euro in the course of the first half of the year, we have substantial financial resources available to continue our strategy of market consolidation in the second half of 2019. Our acquisition pipeline is accordingly well filled with interesting targets. All in all, gamigo is in a very promising position. We are showing strong growth and the capital market demonstrates confidence in our business model. In addition, we are well funded and our pipelines for organic and inorganic growth are well filled. Players, investors and shareholders as well as gamigo employees can look forward to a promising second half of 2019”.

The Q2 and H1 2019 report of gamigo AG is available as of today on the gamigo AG homepage in the Investors section of the website: https://corporate.gamigo.com/investoren/

This Corporate News is information that gamigo AG is required to publish pursuant to the Market Abuse Ordinance 596/2014 and the Securities Markets Act (2007:528). This information was published by the issuer below on 30.08.2019 at 08:00 hours.

About the gamigo group:
Since its founding in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. The gamigo group has over 400 employees at its headquarters in Hamburg, Germany, with offices in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful games titles such as ArchAge, Aura Kingdom, Defiance, Fiesta Online, Rift and Trove. gamigo is growing organically and through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as selected game assets.

Disclaimer:
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of gamigo AG or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of gamigo AG and the companies associated with it may deviate significantly from the estimations presented here. Neither gamigo AG nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:

edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Phone: +49 69 9055 05 51
E-Mail: gamigo@edicto.de

Company contact:
gamigo AG
Sören Barz, Investor Relations
ir@gamigo.com


Emitter:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
E-Mail: info@gamigo.com
Web-Page: www.gamigo.ag

The ​gamigo Group successfully continues its growth strategy and shows further revenue and EBITDA growth in Q1 2019

  • Revenue increases by 39 percent year-on-year to EUR 13.4 million
  • EBITDA increases to EUR 4.0 million (Q1 2018: EUR 2.4 million) due to revenue growth and economies of scale
  • EBIT increases to EUR 1.5 million (Q1 2018: EUR 0.3 million), which is an increase of 453%
All figures in this release relate to consolidated figures in accordance with IFRS. The figures for the financial year 2018 are preliminary and unaudited.

Hamburg, 28 May 2019 -The gamigo Group (“gamigo”, bond ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, can look back on a very successful first quarter of 2019. Group revenues increased by 39 percent to EUR 13.4 million (Q1 2018: EUR 9.6 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased significantly by 70 percent to a total of EUR 4.0 million (Q1 2018: EUR 2.4 million).

In addition to increases in efficiency, such as the ongoing consolidation of the data centers, the acquisition of Trion Worlds assets in October 2018 shows a positive effect and first strong synergy potential in Q1 2019. The majority of players of the Trion Worlds titles have been successfully integrated into the gamigo portfolio. Some of the former Trion titles are now also among the Top 10 MMOs of gamigo. During Q1 2019, there was strong focus on providing the games of the gamigo group with extensive content updates to further engage and motivate the players. The Trion games, as well have led to a significant increase in important KPIs, such as eg. “monthly active users” (MAU). While the number of MAUs of the Top-10-MMO’s in the same period last year amounted to 0.35 million, the number increased by 255 percent to 1.23 million in the first quarter of 2019.

The increase in the bond volume of EUR 10 million in the first quarter of 2019 provides the gamigo group with additional financial flexibility for organic and inorganic growth. That the inorganic growth path is also further continuing in 2019, was shown by the acquisition of the Wild Tangent Assets, a gaming platform with over 5,000 titles and app. 4 million users, in April 2019. The first resulting positive effects on the financials are already expected in the first half of 2019.

Remco Westermann, CEO of the gamigo Group: “We are very satisfied with the development in the first quarter of 2019. Despite the typical seasonal negative effects within the first quarter, we were able to show substantial revenue and EBITDA growth and significantly increased our relevant Game-KPIs. With the tap issue of the bond in the first quarter and the acquisition of the WildTangent assets in April 2019 we additionally laid the foundation for further growth in the following quarters”.

The Q1 report is available as of today on the gamigo AG homepage in the investors area at: https://corporate.gamigo.com/en/investors/

This Corporate News is information that gamigo AG is required to publish pursuant to the Market Abuse Ordinance 596/2014 and the Securities Markets Act (2007:528). This information was published by the Issuer listed below on 28 May 2019 at 13:00 pm.

About gamigo
Since its foundation in 2000, gamigo has become one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Austin, Redwood City, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, ArcheAge, Defiance, Aura Kingdom and Fiesta Online. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Disclaimer
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo and its affiliated companies and the estimates given here. Neither gamigo nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments.

For further information please contact:

Press:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telefon: +49 69 9055 05 51
E-Mail: gamigo@edicto.de

Gamigo AG
Public and Investor Relations
Email: pr@gamigo.com

Issuer:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
Email: info@gamigo.com
Web-Page: www.gamigo.ag

gamigo AG: publishes its audited consolidated financial statements for the 2018 financial year


Hamburg, 12. Mai, 2018 –
 Today gamigo AG (“gamigo Bond” WKN: A2NBH2 / ISIN: SE0011614445) publishes its audited 2018 consolidated financial statements.

The audited 2018 consolidated financial statements are available from today on gamigo AG’s website in the Investors’ section https://corporate.gamigo.com/en/investors/.
 
About gamigo AG:
Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Austin, Redwood City, Bellevue (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, ArcheAge, Defiance, Aura Kingdom and Fiesta Online. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.
 
Disclaimer
This release may contain forward-looking statements based on current assumptions and forecasts made by the management of gamigo or its affiliated companies. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of gamigo and its affiliated companies and the estimates given here. Neither gamigo nor its affiliated companies assume any liability to update these forward- looking statements or to adapt them to future events or developments.
 
 
For further information please contact:
 
Press:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telefon: +49 69 9055 05 51
E-Mail: gamigo@edicto.de
 
Gamigo AG
Public and Investor Relations
Email: pr@gamigo.com
Issuer:
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany 
Email: info@gamigo.com
Web-Page: www.gamigo.ag

gamigo-Group achieved significant increase in revenues and earnings in 2018

  • Revenues increased by 8 percent to EUR 45.3 million
  • EBITDA increases to EUR 11.0 million despite M&A costs – a year-on-year increase of 56 percent
  • Successful continuation of the market consolidation strategy; acquisition of Trion Worlds Inc. assets, a leading US gaming group
  • Successful placement of a EUR 32 million bond with listing on NASDAQ Stockholm
  • Further significant revenues and earnings growth also expected for 2019

Selected key financial indicators for the gamigo-Group*

*All figures in this release relate to consolidated figures in accordance with IFRS. The figures for the financial year 2018 are preliminary and unaudited.

Hamburg, 27 February 2019 – gamigo-Group (“gamigo”, bond ISIN: SE0011614445), one of the leading publishers of online games in North America and Europe, looks back at a very positive financial year 2018. Consolidated revenues increased by 8 percent to EUR 45.3 million according to preliminary, unaudited figures (2017: EUR 42.1 million). Consolidated revenues increased by 26 percent in the fourth quarter to EUR 13.5 million (Q4 2017: EUR 10.7 million). Consolidated EBITDA also increased significantly by 56 percent to a total of EUR 11.0 million (2017: EUR 7.0 million). The fourth quarter EBITDA amounted to EUR 3.4 million, an increase of 112 percent compared to the same quarter of the previous year (Q4 2017: EUR 1.6 million).

gamigo’s improved efficiency and also revenues in connection with the Trion acquisition that was completed in October had a positive impact on earnings, while substantial one-time transaction and M&A costs had a negative impact on earnings. Adjusted consolidated EBITDA excluding one-time costs amounted to EUR 13.4 million in 2018 (2017: EUR 10.5 million). In the fourth quarter, adjusted EBITDA increased by 147 percent to EUR 4.7 million (Q4 2017: EUR 1.9 million). EBIT also developed well and increased to EUR 2.4 million during the year 2018 compared to EUR -3.4 million in the previous year. In the fourth quarter EBIT amounted to EUR 0.8 million (Q4 2017: EUR -3.1 million). In 2018 gamigo recorded preliminary consolidated net earnings of EUR 1.6 million compared to EUR -5 million in 2017.

In 2018, the number of active monthly users of gamigo’s top 10 MMO games rose significantly by 230 percent from 421,000 users to 1.39 million users.
In October 2018 gamigo-group acquired the majority of Trion Worlds Inc’s assets – a leading US gaming group. This further strengthens gamigo’s market position on the international games market. gamigo also expects extensive synergies from the acquisition, which will be realized step by step through the already started integration in line with similar previous M&A transactions. The well-known online and console MMO games ArcheAge, Defiance, Rift and Trove are now also part of gamigo’s game portfolio as a result of the acquisition of the Trion Worlds assets.

A further milestone for gamigo was the issue of a senior secured corporate bond of EUR 32 million in October 2018, within a total framework amount of EUR 50 million. The bond was primarily placed on the Swedish and continental European bond markets. The bonds carry a floating interest rate of 7.75 percent p.a. (above the 3-month EURIBOR, with a floor of 0.00 percent) and matures 11 October 2022. The bonds are listed on NASDAQ Stockholm and Frankfurt Stock Exchange.
Also, for 2019 gamigo plans to continue its organic and M&A growth path. Both the pipeline for new licensed games and the acquisition pipeline for further market consolidation are promising. This is the basis for further significant revenues and earnings growth in 2019.

Remco Westermann, CEO of the gamigo-Group: “We are very happy with the fiscal year 2018. However, this does not mean that we are resting on our laurels. We are on a sustainable growth path and will continue to successfully expand our market position. The acquisition of Trion World assets will give us additional revenues and a further boost in efficiency and therefore additional profitability potential.”

The 2018 year-end report is available from today on gamigo AG’s website in the Investors’ section https://corporate.gamigo.com/investoren/. The audited 2018 consolidated financial statements are expected to be published by the end of April 2019.

This information is information that Gamigo AG is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014 and the Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person set out below, at 1:30 CET on February 27th, 2018.

About the gamigo-group:

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Warsaw (Poland), Istanbul (Turkey), Chicago, Redwood City, Austin (USA), Toronto (Canada) and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Rift, Trove, ArcheAge, Defiance, Aura Kingdom, Desert Operations, Dragon’s Prophet, Echo of Soul, Fiesta Online, Goal One, Last Chaos, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets.

Press contact
edicto GmbH
Dr. Sönke Knop / Axel Mühlhaus
Telefon +49 69 9055 05 51
E-Mail: gamigo@edicto.de


INTERIM REPORT JULY – SEPTEMBER 2018

“The third quarter of 2018 was a good start for the second half of 2018. While we haven’t done any acquisition in this quarter, we have used this quiet phase to further drive forward our organizational efficiency, work on our M&A pipeline and work on our financing side,” says Remco Westermann, CEO gamigo Group.


THIRD QUARTER 2018 HIGHLIGHTS

Net revenues amounted to 10.2 mEUR (Q3 ’17: 9.5 mEUR; corresponding period excl. payment business unit which was sold), which is 8,3% organic revenue growth.

  • EBITDA amounted to 2.3 mEUR (Q3 ’17: 1.2 mEUR), which is an increase of 97%.
  • The net result for the period amounted to 72 kEUR (Q3 ’17: -592 kEUR).
  • Leverage ratio has improved to 2,1 from 3,6 on Dec. 31, 2017.
  • B2C Segment: Aura Kingdom, the Anime-MMORPG from gamigo group had a brand-new patch with new monsters and other exciting quests. Furthermore, we closed a sub-license contract with the Asian game publisher Asiasoft for our IP owned MMO Last Chaos.
  • B2B Segment: Adspree has had quite an exciting summer. In July we delivered with PUBG one of the biggest campaigns in our company’s history. PUBG Global Invitational 2018 was the first major international tournament organized by PUBG Corporation, with 20 teams competing for a share of the $2,000,000 USD prize pool over four days in the Mercedes-Benz Arena in Berlin.
  • Business Units: The Units made further optimization on structure and cost levels, reduced the number of datacenters and back-ends, further streamlined the organization and worked on the M&A pipeline.

About gamigo AG

Since its foundation in 2000, gamigo has developed into one of the leading publishers of free-to-play online and mobile games in Europe and North America. In total, the gamigo Group employs more than 350 employees at its headquarter in Hamburg and branches in Berlin, Münster, Darmstadt, Cologne (Germany), Redwood City, Austin, Chicago (USA), Warsaw (Poland), Istanbul (Turkey), and Seoul (Korea). The company’s core portfolio includes successful gaming titles such as Trove, ArcheAge, Aura Kingdom, Rift, Defiance 2050, Desert Operations, Fiesta Online, Shaiya and Twin Saga. gamigo grows via organic growth as well as through acquisitions and has made over 20 acquisitions since 2013, including games, media and technology companies as well as individual game assets. The media companies adspree and Mediakraft are part of the platform strategy and also provide B2B services to third parties.

For further information, please contact:

Remco Westermann, CEO
Paul Echt, CFO
Gamigo AG
Public and Investor Relations
Email: ir@gamigo.com

Issuer
gamigo AG
Behringstraße 16 B
22765 Hamburg
Germany
Email: info@gamigo.com

Tel: +49 (0)40 411 885 0
Web-Page: www.gamigo.ag

Bond Prospectus