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 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, 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 20 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 32 million with an increase option to a total of up to EUR 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
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


30. April 2019Audited Annual Report 2018
31. May 2019Interim Report Q1 2019
31. August 2019Half Year Report Q2 2019
30. November 2019Interim Report Q3 2019
29. February 2020 Year End Report Q4 2020

 

Ad hoc-News

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 corporate news

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