Interim Report January –March 2023
“G5 has seen stable performance of established trends across the board during the first quarter of 2023, in line with the sustainable “new normal” scenario we talked about at the end of last year,” said Vlad Suglobov, CEO of G5 Entertainment. “Our New Generation games, led by Sherlock, combined with the fast growth from our G5 Store, continued to spur our performance. First quarter revenue increased 4% in SEK and slipped 7% in USD, which is in line with the overall market performance. G5’s gross margin was 67.4%, compared with 66.7% a year earlier. This Gross Margin improvement happened