Media and Games Invest plc

  • ISIN: MT0000580101
  • Land: Malta

Nachricht vom 13.07.2020 | 09:40

Media and Games Invest plc: Media and Games Invest (MGI) moves up into the Scale segment of the German Stock Exchange

DGAP-News: Media and Games Invest plc / Key word(s): Miscellaneous
13.07.2020 / 09:40
The issuer is solely responsible for the content of this announcement.

Media and Games Invest (MGI) moves up into the Scale segment of the German Stock Exchange

- Scale Listing goes hand in hand with higher information and transparency obligations

- EDISON includes MGI in coverage on behalf of the German Stock Exchange

- Inclusion in the Scale 30 index is expected

13 July 2020 - Media and Games Invest plc ("MGI", ISIN: MT0000580101; Symbol: M8G) has been listed in the Scale Segment of the Frankfurt Stock Exchange since today. Previously the shares were listed in the Basic Board. The change to the Scale segment goes hand in hand with higher information and transparency obligations, which MGI had already fulfilled on a voluntary basis. Among other things, MGI has been publishing quarterly reports since Q1 2020 and thus already fulfils the post-inclusion obligations of the Prime Standard by now.

MGI is on a profitable and very dynamic growth course for years. Within the scope of its "Buy and Build" strategy, MGI combines internal growth potentials with external acquisitions. As a result, revenues in 2019 increased by 157 % to EUR 83.9 million and in the last twelve months (Q1 2020) to EUR 97.1 million. Earnings before interest, taxes, depreciation and amortisation, EBITDA, improved by 80 % in 2019 to EUR 15.5 million and in the last twelve months (Q1 2020) to EUR 17.1 million, which corresponds to an EBITDA margin of around 18.5 %. This growth strategy has been successfully implemented since 2013 with gamigo AG, which has now been integrated into MGI through a reverse listing. With an average annual growth of 43% over the last 5 years, an average annual profitable revenue growth of over 30% is also expected for MGI in 2020 and the coming years.

The move into the Scale segment is a logical step in this growth strategy. With Scale, MGI opens up to an extended circle of investors and takes into account an active investor communication. Due to the good liquidity of the share, MGI expects to be included in the Scale 30 Index of the German Stock Exchange in the future.

The accompanying Capital Markets Partner is Hauck & Aufhäuser Privatbankiers AG.

Remco Westermann, CEO of MGI: "The segment change is also a reflection of our transparent and continuous communication with the capital market. With its focus on gaming, MGI is unique on the German capital market and as a Scale company now offers an investment opportunity to further institutional investor groups. We are looking forward to the close cooperation with Deutsche Börse and our Capital Markets Partner that is planned in the course of the Scale listing and will further intensify our capital market activities in this context".

About Media and Games Invest plc:
Media and Games Invest plc, MGI, is a fast and profitable growing company in the synergetic sectors of digital media and online games. The company combines organic growth with value-generating acquisitions. The MGI Group has successfully acquired over 30 companies and assets over the past six years. The acquired assets and companies are integrated and amongst others technology is actively used to achieve efficiency gains and competitive advantages. Media and Games Invest is listed on the Frankfurt Stock Exchange and on XETRA.

Disclaimer
This press release contains possible forward-looking statements that are based on the current assumptions and forecasts of the company management of Media and Games plc or companies associated with it. Various known and unknown risks and uncertainties, as well as other factors, could mean that the actual results, financial circumstances, the development or performance of Media and Games invest plc and the companies associated with it may deviate significantly from the estimations presented here. Neither Media and Games Invest plc nor the companies associated with it are obligated to update this sort of forward-looking statement or adjust them to future results or developments.

Press contact:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
Telephone: +49 69 9055 05 51
Email: MGI@edicto.de

Issuer
Media and Games Invest plc
Sören Barz, Head of Investor Relations
St. Christopher Street 168
Valletta VLT 1467
Malta
Email: Soeren.barz@mgi.group



13.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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