Interim Report January –March 2022
“Despite the war and thanks to our great team, the business saw little negative effect during Q1. Reported EBIT was 53.6 MSEK corresponding to an EBIT-margin of 16.1%. Adjusting for extraordinary one-time expense in connection with the war, the EBIT margin would have been 20.5%,” said Vlad Suglobov, CEO of G5 Entertainment. “The growth and higher profitability of internally developed games is driving a change in the revenue mix between those games we own and those that are licensed, and is also helping expand margins. The trend continued in Q1 with G5’s own games responsible for 70.5% of