Media and Games Invest SE: Presents first quarter 2022 report with overall earnings expansion of 27% and biological expansion of 18% and 26% increase in software customers
HIGHLIGHTS OF Q1 2022
A WORD FROM REMCO WESTERMANN, CEO
We are pleased to report a successful start to 2022, outperforming the expected EBITDA and earnings expansion rates reflected in our 2022 guidance. Following the transformation into an advertising software platform with our own proprietary games, we again posted strong expansion biological, with a biological expansion of 18% in 1Q`22, which tends to be the peak seasonal quarter in the advertising industry. Along with this expansion, we were also able to increase our number of software consumers by 26%, which will also contribute to the expansion in the coming quarters. This encouraging functionality is highlighted through our earning ability as well as our ability to generate money. Despite record investments in other people to fuel long-term expansion, we made an adjustment. EBITDA margin of 27% as well as operating money of 16. 3 million euros, which reflects an accumulation of 45% compared to Q1-21. With additional investments in long-term biological expansion, which are also reflected in our additional recruitment initiatives, we are incredibly well placed to continue strong biological expansion in the coming quarters and years,” said Remco Westermann, CEO and President of MGI.
Notes: All ratings are as in MGI’s 2021 year-end report
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Media and Games Invest SE (MGI) is an adware platform with strong proprietary game content. MGI’s main operational presence is located in North America and Europe. The company combines biological expansion with synergistic value-generating acquisitions, which demonstrated continued strong and successful expansion at a CAGR of 77% (2018-2021). In addition to a strong biological expansion, the MGI Group has effectively acquired more than 35 corporations and assets over the past 6 years. The acquired assets and corporations have been incorporated and, among other things, have been actively used to achieve efficiencies and competitive advantages. MGI is registered as Societas Europaea in Malta (registration number SE 15) and its shares are indexed in the Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment in Frankfurt. Stock exchange. The company owns a hedged bond that is indexed on Nasdaq Stockholm and the Frankfurt Open Market Stoc. k Exchange.
Forward-looking statements
This release comprises forward-looking statements that reflect the Company’s intentions, ideals or existing expectations regarding the long-term effects of the Company’s operations, monetary condition, liquidity, performance, prospects, expected expansion and organization and markets. in which the Company and the organization operates. Forward-looking statements are statements that are not past facts and may be understood through words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will” , “deserve”, “just can”, “target” or “just can”, or, in each case, their negative or similar expressions. The forward-looking statements contained in this release, which aggregate the pro forma monetary figures discussed herein, are based on assumptions, many of which, in turn, are based on other assumptions. Although the Company believes that the expectations reflected in those forward-looking statements and pro forma monetary figures are reasonable, it cannot guarantee that they will materialize or prove to be correct. Because those statements are based on assumptions or estimates and are subject to dangers and uncertainties, actual results or effects may differ materially from those set forth in the forward-looking statements due to many points. These dangers, uncertainties, contingencies and other vital points may cause actual events to differ materially from expectations expressed or implied in this release through such forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this release (which aggregate pro forma monetary figures) are error-free and readers of this release should not place undue reliance on the forward-looking statements in this release. Information, revisions and forward-looking statements expressed or implied in this document speak only as of their date and are subject to change without notice. Neither the Company nor anyone else undertakes to revise, update, verify or publish revisions to forward-looking statements to reflect any occurrences or events that arise in connection with the content of this release. unless required by law. or applicable inventory display rules.