Company Announcement No 8 / 2020

Interim financial report for H1 2020 and Updated guidance for FY 2020

Today the board of Astralis Group A/S approved the interim financial report for the statutory period January 1 to June 30, 2020.

Total revenue for H1 2020 was DKK 20,4 million. EBITDA in H1 2020 were DKK -11,6 million and the result was DKK -30.2 million

Updated guidance for 2020

As a result of the COVID-19 impact Astralis Group suspended the guidance for 2020 in corporate announcement no. 6 dated 23 March 2020.

Following the completion of the financial report for the period 1 January to 30 June 2020 and updated forecast for the remainder of 2020 management now feel comfortable in publishing an updated guidance for 2020.

While the operations have been running close to normal during the COVID-19 pandemic, Astralis Group are relying on the surrounding ecosystem. Astralis Group expects net revenue in the range between DKK 48 million – DKK 52 million and an EBITDA in the range between DKK -12 million – DKK -15 million for 2020.

Prior to the suspension, Astralis Group guided a net revenue in the range between DKK 60 million – DKK 70 million and an EBITDA in the range between DKK -3.5 million – DKK -5 million for 2020.

Best Regards

Astralis Group A/S

Anders Hørsholt

CEO

Certified Advisor

Tofte & Company

Christian IX´s Gade 71111 København KTlf: (+45) 26 10 08 77PRM halvår 2020

Jakob Hansen
CFO Astralis Group
jhansen@astralisgroup.net

Astralis Group is a media and esports organization who owns and operates three major esports brands: Origen (League of Legends), Future FC (FIFA) and Astralis (Counter-Strike), including all media and commercial rights of the team brands.

Further information at www.astralisgroup.net