Quarterly summary Jan-Mar 2017

Transcription

1 Quarterly summary Jan-Mar 2017 This simplified quarterly summary is not a full interim report, as the figures for the previous year are not available. These comparison figures are presented together with the full interim report for January- June The report also does not contain any of the parent company s accounts.

2 First quarter: 1 January - 31 March 2017 Turnover amounted to MSEK 54.3 (MSEK 97.0, full year 2016), which is equivalent to 56% of the total turnover in the previous year. Operating profit amounted to MSEK 11.4 (MSEK 11.7, full year 2016), which is equivalent to 97% of the total operating profit in the previous year. Profit after tax amounted to MSEK 10.0 (MSEK 10.3, full year 2016), which is equivalent to 97% of the total profit after tax in the previous year. Profit per share SEK 0.26 (SEK 0.27, full year 2016) The operating margin amounted to 21.0% (12.1%, full year 2016) The profit margin amounted to 21.0% (12.1%, full year 2016) Events after the end of the quarter The annual general meeting will be held on 21 June Notice has been published in Svenska Dagbladet, PoIT and on the company s website. The Board of Directors has proposed a dividend of SEK 0.15 per share to the general meeting. The Board of Directors has resolved that the company will be listed for trading on Nasdaq First North and has signed an agreement with Redeye as a cooperation partner. At the start of June, Ninja Casino was announced the winner in the category Innovative Start-up of the Year at the EGR Operator Marketing and Innovation Awards in London. Cash including payment providers amounted to MSEK 27.3 (MSEK 18.5, end of 2016) CEO s report First quarter During the first quarter, earnings amounted to MSEK 54.3, which can be compared to the whole of 2016, which totalled MSEK Ninja Casino was behind most of the growth on the Nordic market, while other brands and B2B partners delivered according to plan. Based on the result delivered by the very limited marketing of Ninja Casino in the later part of 2016, primarily using internal resources, the first structured large-scale campaign was planned and produced with a mix of media for the period March, April and May Since the campaign started in mid-march, there has only been a marginal effect on the quarter s earnings and results. The interest in the company s unique solution PayNPlay was noted at the EGR Nordics Awards in January 2017, where Ninja Casino won the category Best casino innovation. Second quarter A look back at April and May sees good results from the TV/radio/online campaign for Ninja Casino, which was launched in Q1 and we can say that earnings in Q2 will improve on Q1. 2 As we approach the summer months, which are traditionally poor months for the industry as a whole and which also this year do not include the Olympics/World Championship etc, it is particularly interesting to follow up this effect on the unique service which Ninja Casino offers in relation to other traditional brands within the group. Besides the simply operations side, the company invested a lot of time and resources in the second quarter in both organisational and legal/ formal projects with the aim of securing the company s ability to grow and in preparation for the planned listing on First North later in the autumn. The PayNPlay solution - which forms the base of the Ninja Casino brand - was commended once again in June at the EGR Operator Marketing and Innovation Awards in London, which of course we are very pleased about. Over the summer and autumn, the company will also package up and offer this solution to B2B customers in response to demand from industry colleagues. Global Gaming 555 AB

3 GROUP S PROFIT/LOSS ACCOUNTS, SEK M Jan-Mar 2017 Full year 2016 Full year 2015 Income Operating expenses in gaming activities Gross profit/loss Marketing costs Other external costs Personnel costs Depreciations Other operating income/expenses Operating expenses Operating profit/loss Financial income and expenses Profit/loss before tax Tax Profit/loss for the period (assignable to parent company s shareholders) Profit per share Before dilution (kronor) After dilution (kronor) Operating margin (percent) Profit margin (percent) Jan-Mar Full year Full year CONSOLIDATED REPORT ON OVERALL RESULTS, MSEK Profit/loss for the period Other total profit/loss Income/costs reported directly in equity Exchange rate differences on conversion, foreign activities Other total profit/loss for the period (after tax) Overall total profit/loss for the period (attributable to parent company s shareholders) Global Gaming 555 AB

4 GROUP S BALANCE SHEETS, MSEK 31/03/ /12/ /12/2015 Assets Intangible fixed assets Tangible fixed assets Deferred tax payable Other long-term receivables Total fixed assets Short-term receivables Cash Total current assets Total assets Equity and liabilities Equity Deferred tax liabilities Total long-term liabilities Other short-term liabilities Total short-term liabilities Total equity and liabilities GROUP S CASH FLOW STATEMENTS, MSEK Jan-Mar Full year Full year Operating activities Profit before tax Adjustment for items not included in net cash Tax paid Net cash provided by operating activities before changes in operating capital Changes in working capital Net cash provided by operating activities Investment activities Investments Purchases of shares, subsidiaries (effect on cash) Net cash provided by investment activities Financing activities New issue Received premiums for warrants Amortisation of loans Net cash provided by financing activities Change in cash and cash equivalents Cash and cash equivalents at beginning of period Exchange rate differences, cash Cash and cash equivalents at end of period Global Gaming 555 AB

5 CHANGE IN GROUP S EQUITY, MSEK Jan-Mar 2017 Full year 2016 Balance brought forward Overall total profit/loss for the period Changes in wealth exclusive transactions with the company s owners Full year 2015 New issue Received premiums for warrants Equity at end of period (attributable to parent company s shareholders) This quarterly summary has not been the subject of any specific inspection by the company s auditors. Stockholm, 21 June 2017 Stefan Olsson CEO and Group CEO Global Gaming 555 AB

6 ANNUAL GENERAL MEETING The annual general meeting of Global Gaming 555 AB is to beheld on Wednesday, 21 June 2017, at 11:00 am at 7 A Centralen, Vasagatan 7, Stockholm, Rum Svea. OTHER INFORMATION Global Gaming intends to publish financial information for the 2017 financial year as follows: Contact details Stefan Olsson, CEO and Group CEO +46 (0) , stefan.olsson@globalgaming.com Christoffer Tell, CFO +46 (0) , christoffer.tell@globalgaming.com Quarterly report Q2 Interim report January June August 2017 Quarterly report Q3 Interim report January September November 2017 Quarterly report Q4 Press release of unaudited annual earnings January December February 2018 Global Gaming 555 AB Hästvägen 4E Malmö Sweden