Trophy Games Development A/S raises 2023 guidance for revenue, EBITDA and EBT

Company Announcement No. 8-2023 

Copenhagen, 17 October 2023

*Contains Inside Information*

Strong performance from the transport series has led to Trophy Games narrowing the range and raising guidance for both the top and bottom line.

CEO comment

CEO, Søren Gleie, comments on the announcement: “Improved organic traffic during the year, especially on the games in the transport series, has given a boost to revenue and a significant boost to EBITDA, as the improved revenue is driven by organic growth. I'm happy that our efforts initiated last year to improve focus on the bottom line continue to pay off.

In Q4 marketing expenses will be lower, meaning the last quarter of the year will generate slightly less revenue, but a stronger bottom line.”

Current financial guidance 2023:

Revenue: DKK 46.0M <-> 55.0M

EBITDA: DKK 4.5M <-> 10.0M

EBT: DKK -0.5M <-> 4.5M

New financial guidance 2023:

Revenue: DKK 51.0M <-> 56.0M

EBITDA: DKK 8.0M <-> 12.0M

EBT: DKK +0.5M <-> 5.0M

Trophy Games Development A/S (publ) (Nasdaq First North Growth Market Denmark: Ticker TGAMES) is obligated to publish the above information in compliance with the EU Market Abuse Regulation act. 17.

Contact Information

TROPHY GAMES Development A/S

Søren Gleie, CEO

Office (+45) 7172 7573

Email: soren@trophy-games.com

Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark

Certified Adviser

Norden CEF

John Norden

Email: jn@nordencef.dk 

A/S Kongevejen 365, 2840 Holte, Denmark

About Trophy Games

Trophy Games is an innovative, Denmark-based game studio who develops and publishes mobile and PC games.