World of Adventures™

November 06, 2015

Interim report January-September 2015

July - September 2015

  • Consolidated revenue for the period was SEK 96.1 M (63.8), an increase of 51 per cent compared to the same period in 2014.
  • EBIT for the period was SEK 4.7 M (-0.8). EBIT was affected by write-downs of SEK 4.5 M (1.5), EBIT adjusted for write-downs amounted to SEK 9.2 M (0.7).
  • Net result for the period was SEK 3.2 M (-2.2).
  • Earnings per share for the period before and after dilution was SEK 0.36 (-0.25).
  • Cash flow before financing activities during the period was SEK -0.1 M (7.5).
  • For the free-to-play games the average Monthly Active Users (MAU) was 2.7 million, an increase of 55 per cent compared to the same period in 2014. Average Monthly Unique Payers (MUP) was 105.2 thousands, an increase of 37 per cent and average Monthly Average Gross Revenue Per Paying User (MAGRPPU) was USD 30.3, an increase of 1 per cent compared to the same period in 2014.
  • Revenue from free-to-play games grew by 79 per cent compared to the same period in 2014 and accounted for 89 per cent (75) of the total revenue.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 11 5

PDF

October 26, 2015

Nomination committee appointed ahead of 2016 Annual General Meeting of G5 Entertainment AB (publ)

In accordance with the resolution of the Annual General Meeting 2015, a Nomination Committee has been appointed consisting of representatives of the five largest shareholders at the end of September.

The Nomination Committee consists of the following members:

  • Christoffer Häggblom (representing Rite Internet Ventures)
  • Jeffrey Rose (representing Wide Development Limited)
  • Petter Nylander (representing Proxima Limited)
  • Marianne Flink (representing Swedbank Robur Fonder)
  • Magnus Uppsäll (representing Purple Wolf Limited)

Shareholders wishing to submit proposals to G5 Entertainment’s nomination committee may do so by mail to G5 Entertainment AB (publ), Riddargatan 18, 114 51 Stockholm, Sweden or by e-mail to nomination@g5e.com. Please note that proposals must be received by the nomination committee by February 1, 2016.

More information about the Company can be found on www.g5e.se/corporate.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 84 11111 5

October 06, 2015

Preliminary results July-September 2015

Based on the information available for the period July-September 2015, G5 forecasts quarterly revenue of approximately SEK 96 M, which corresponds to achieving 50 per cent revenue growth versus comparable figures for the same period 2014.

For the interim period January-September 2015, G5 forecasts revenue of approximately SEK 283 M, which corresponds to achieving 59 per cent revenue growth versus comparable figures for the same period 2014.

From the first quarter of 2015 G5 reports its revenue including application store commissions, which may represent up to 30% of end user price. The comparison figure for 2014 has been adjusted accordingly. Reported revenue for Q3 2014 was SEK 45 M.

The group’s interim report for the period January-September 2015 will be released on November 6, 2015.

More information about the Company can be found on www.g5e.se/corporate.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 84 11111 5

PDF

July 24, 2015

Interim report January-June 2015

April -June 2015

  • Consolidated revenue for the period was 89,465 (58,021) kSEK, an increase of 54 per cent compared to 2014.
  • EBIT for the period was 2,155 (2,352) kSEK.
  • Net result for the period was 461 (1,739) kSEK.
  • Earnings per share for the period before and after dilution was SEK 0.05 (0.20).
  • Cash flow before financing activities during the period was -7,051 (-9,365) kSEK.

January -June 2015

  • Consolidated revenue for the period was 187,017 (113,894) kSEK, an increase of 64 per cent compared to 2014.
  • EBIT for the period was 6,682 (7,509) kSEK.
  • Net result for the period was 2,604 (5,768) kSEK.
  • Earnings per share for the period before and after dilution was 0.30 (0.66) SEK.
  • Cash flow before financing activities during the period was -2,101 (-2,178) kSEK.

Important events during the second quarter

  • Revenue from free-to-play games grew 87 per cent compared to the second quarter 2014 and accounted for 87 per cent (72) of total revenue in the quarter.
  • The accumulated number of downloads of the group’s games (not counting updates) surpassed 220 million.
  • After the Annual General Meeting on May 22, 2015, the Board of G5 decided to offer a total of 145,000 warrants to existing employees.
  • G5 Entertainment signed an agreement with the developer of the game Brave Tribe to acquire all interest, in-tellectual property, and assets in the game. G5 Entertainment originally published the game as a 3rd party game, and brought the game to iOS, Android, and Amazon application stores. The purchase price will be funded from the company’s cash flow.
  • Stefan Wikstrand has been appointed Chief Financial Officer and deputy CEO. Stefan started his position on the 1st of June 2015. Stefan is 34 years old and previously worked at Tradedoubler AB (publ).

Important events after the end of the period

  • The management has reduced user acquisition (UA) spending in the third quarter to demonstrate the assumption that the revenue will remain stable and the growth will continue with even lower level of UA spending. While it is the plan for the quarter to work with lower UA budget, the management reserves the option to increase the new lower level of UA spending in case of new game releases that require justified initial marketing spend.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 76 00 11 11 5

PDF

July 06, 2015

Preliminary results April-June 2015

Based on the information available for the period April-June 2015, G5 forecasts quarterly revenue of approximately SEK 89 M, which corresponds to achieving 53% revenue growth versus comparable figures for the same period 2014.

For the interim period January-June 2015, G5 forecasts revenue of approximately SEK 187 M, which corresponds to achieving 64% revenue growth versus comparable figures for the same period 2014.

From the first quarter of 2015 G5 reports its revenue including application store commissions, which may represent up to 30% of end user price. The comparison figure for 2014 has been adjusted accordingly.

Reported revenue for Q2 2014 was SEK 41 M.

The group’s interim report for the period January-June 2015 will be released on July 24, 2015.

More information about the Company can be found on www.g5e.se/corporate.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Stefan Wikstrand, CFO, +46 84 11111 5

PDF

May 22, 2015

Stefan Wikstrand appointed deputy CEO

Stefan Wikstrand has as communicated earlier been appointed new CFO for G5 Entertainment AB. He will take up his new position on June 1, 2015. Stefan has also been appointed deputy CEO for G5 Entertainment AB by the company’s board, effective from the same date.

More information about the Company can be found on www.g5e.se/corporate.
For additional information please contact:
Odd Bolin, CFO, +46 84 11111 5

PDF

May 21, 2015

Bulletin from Annual General Meeting

The annual general meeting of G5 Entertainment AB (publ) was held at Hotel Kung Carl, Birger Jarlsgatan 21 in Stockholm, on May 20, 2015.

Petter Nylander was elected chairman of the meeting. During the meeting CEO Vlad Suglobov gave a presentation of the 2014 financial year and the current status of G5 Entertainment AB.

The meeting approved the parent company's and the group's consolidated financial statements.

These can be found in G5 Entertainment AB’s annual report for 2014. The meeting decided unanimously to discharge the board and the CEO from liability for the financial year 2014.

The meeting also decided that the profit for the year should be carried forward.

Pär Sundberg, Vlad Suglobov, Petter Nylander, and Jeffrey Rose were re-elected as members of the board. Annika Andersson was elected new member of the board. Petter Nylander was appointed chairman of the board. It was resolved that the remuneration to the board should comprise of SEK 300 000 to the chairman and SEK 150 000 to each of the other members appointed by the general meeting and not employed by the company. It was also resolved that fees for the upcoming term, in addition to directors ' fees, shall be paid to the members of the company's Audit Committee, and that the fee to the chairman of the Audit Committee shall amount to SEK 30 000 and SEK 15 000 each to be paid to the other members of the Audit Committee.

The meeting resolved to re-elect Mazars SET Revisionsbyrå for the period until the end of the next annual general meeting. The meeting also resolved that remuneration to the auditors shall be paid on approved invoices.

The meeting approved the nomination committee's proposal regarding guidelines for the nomination committee.

The meeting resolved to adopt the Board’s proposal for guidelines for remuneration to senior executives.

The meeting resolved to authorize the board for the period until the next annual general meeting, on one or more occasions, to decide to issue a maximum of 880 000 shares in order to facilitate acquisitions and raising capital.

The meeting also decided on the issue of up to 176,000 warrants. The right to subscribe for the warrants shall, with deviation from shareholders’ preferential rights, be given to managers and senior executives of the group. The program shall include a maximum of 20 persons.

Each warrant will entitle the holder to subscribe for one (1) share in the company at an issue price of 300 per cent of the volume-weighted average quoted closing price during the period from and including May 21, 2015 to June 3, 2015 for shares in G5 on Nasdaq Stockholm.

Upon full exercise of the warrants, up to 176,000 shares (subject to any recalculation), equivalent to about two percent of the total number of outstanding shares and voting rights, will be issued. If fully subscribed, the company's share capital will increase by SEK 17 600, resulting in a dilution of two percent. Board members are not entitled to subscribe for warrants with the exception of the company's CEO.

All decisions were unanimous.

More information about the Company can be found on www.g5e.se/corporate.
For additional information please contact:
Odd Bolin, CFO, +46 84 11111 5

PDF

May 08, 2015

Interim report January-March 2015

January-March 2015

  • Consolidated revenue for the period is 97 551 (55 873) kSEK, an increase of 75% compared to 2014.
  • Operating result for the period is 4 526 (5 156) kSEK.
  • Net result for the period is 2 142 (4 029) kSEK.
  • Earnings per share for the period before and after dilution is 0.24 (0.46) SEK.
  • Cash flow before financing activities during the period is 4 950 (7 187) kSEK.

Important events during the first quarter

  • G5 has during the quarter continued to show substantial and profitable growth, and generated record monthly and quarterly revenue.
  • Revenue from free-to-play games grew 125% compared to 14Q1, and accounted for 85% of total revenue in 15Q1 (66% in 14Q1).
  • The accumulated number of downloads of the group’s games (not counting updates) surpassed 210 million.
  • The group continued working on improving free-to-play games in its portfolio and working on new free-to-play games.
  • After the extra-ordinary general meeting on December 19, 2014, the Board of G5 decided to offer a total of 157 500 warrants to existing employees, keeping 18 500 warrants for potential new recruitments, etc.

Important events after the end of the period

  • Stefan Wikstrand has been appointed new Chief Financial Officer. He starts his position on July 1. Stefan Wikstrand takes over from Odd Bolin, who is leaving G5. After studies at Jönköping International Business School he worked five years within audit at MGI Revideco AB and KPMG. Since 2010 Stefan Wikstrand has worked at TradeDoubler AB as Group Financial & Business Controller. During his time at TradeDoubler, Stefan has worked with all aspects of running the finance function at an international listed company. Stefan Wikstrand is 34 years old.
  • G5 Entertainment has signed an agreement with the developer of the game Brave Tribe to acquire all interest, intellectual property, and assets in the game. The purchase price will be funded from the company’s cash flow. G5 Entertainment originally published the game as a 3rd party game, and brought the game to iOS, Android, and Amazon application stores.
  • The group’s office in Kharkov continues business as usual. It is the group's policy to keep critical code and materials backed up outside Ukraine, keep intellectual property rights in EU entities, and transfer funds to subsidiaries on as-needed basis.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Odd Bolin, CFO, +46 84 11111 5

PDF

May 05, 2015

G5 Entertainment acquires all rights to the Brave Tribe game

G5 Entertainment has signed an agreement with the developer of the game Brave Tribe (also known as Farm Clan in some markets) to acquire all interest, intellectual property, and assets in the game. The purchase price will be funded from the company’s cash flow. G5 Entertainment originally published the game as a 3rd party game, and brought the game to iOS, Android, and Amazon application stores. CEO Vlad Suglobov comments: "We are excited to add Brave Tribe to the growing list of free-to-play games that G5 owns. Brave Tribe is one of the well-performing free-to-play games in our portfolio and we will build on its potential to make it a larger commercial success. We intend to continue working with the studio which developed the game to further improve Brave Tribe and develop other games for G5." G5 now owns five out of 10 best performing free-to-play-games in its portfolio.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com

PDF

April 27, 2015

G5 Entertainment AB publishes annual report 2014

G5 Entertainment AB (G5) has published its annual report 2014. The report is available on www.g5e.com/corporate.

For additional information please contact:
Odd Bolin, CFO, ph +46 84 11111 5

April 27, 2015

Stefan Wikstrand appointed new CFO of G5 Entertainment AB

G5 Entertainment AB (G5) has appointed Stefan Wikstrand as new Chief Financial Officer. He starts his position on July 1. Stefan Wikstrand takes over from Odd Bolin, who is leaving G5. After studies at Jönköping International Business School he worked five years within audit at MGI Revideco AB and KPMG. Since 2010 Stefan Wikstrand has worked at TradeDoubler AB as Group Financial & Business Controller. During his time at TradeDoubler, Stefan has worked with all aspects of running the finance function at an international listed company. Stefan Wikstrand is 34 years old.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Petter Nylander, Chairman, +46 765250955

PDF

April 16, 2015

Notice to Annual General Meeting

Notice has today been issued to the Annual General Meeting of G5 Entertainment AB (publ.) (the "Company"), reg. no 556680-8878. The AGM will be held at 4.30 pm (CET) on Wednesday, 20 May 2015, at Hotel Kung Carl, Birger Jarlsgatan 21, Stockholm, Sweden. Registration will commence at 16.00.

Shareholders who wish to participate at the annual general meeting must:

  • be recorded in the share register maintained by Euroclear Sweden AB on Wednesday, 13 May 2015;
  • no later than Tuesday, 19 May 2015, preferably no later than 4 pm (CET), have given notice of their participation and potential assistants to G5 Entertainment AB, Riddargatan 18, 114 51 Stockholm, by facsimile +46 84 1111 65 or by e-mail agm@g5e.se.

The entire notice is available at the Company’s website (http://www.g5e.com/corporate). It will also be sent free of charge by mail to those shareholders who contact the Company on any of the above ways and asks for summons by mail and provide an address.

More information about the Company can be found on www.g5e.se/corporate.

For additional information please contact:
Odd Bolin, CFO, +46 84 11111 5

PDF

April 14, 2015

Mahjong Journey available in Amazon Appstore

Mahjong Journey, G5’s own and best-selling free-to-play game on iPad, is now available in Amazon Appstore. This opens Mahjong Journey to the millions of Amazon users. The game can be downloaded and played on Amazon Kindle Fire tablets, as well as any other Android-powered tablet with access to Amazon Appstore. The game is developed and owned by G5 Entertainment. Mahjong Journey is a trademark of G5 Entertainment AB.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com

PDF

April 07, 2015

Preliminary results January-March 2015

Based on the information available, for the period January-March 2015, G5 forecasts quarterly revenue of approximately 96 MSEK, which corresponds to achieving 72% revenue growth versus comparable figures for the same period 2014. Starting Q1 2015, G5 will report revenue including application store commissions, which may represent up to 30% of end user price. The comparison figure for 2014 has been adjusted accordingly. Reported revenue for Q1 2014 was 39 MSEK.

The group’s interim report for the period January-March 2015 will be released on May 8, 2015.

More information about the company can be found at: www.g5e.se/corporate
For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.se
Odd Bolin, CFO, +46 8 4 11111 5

PDF

February 24, 2015

Year-end report 2014

October-December 2014

  • Consolidated revenue for the period is 57 718 (28 718) kSEK, an increase of 101% compared to the same period 2013.
  • Operating result for the period is 2 352 (-20 518) kSEK. Excluding write-downs and re-listing expenses the operating result was 2 928 kSEK.
  • Net result for the period is 3 255 (-19 299) kSEK.
  • Earnings per share for the period before and after dilution is 0.37 (-2.19) SEK.
  • Cash flow before financing activities during the period is -260 (-6 650) kSEK.

January-December 2014

  • Consolidated revenue for the year is 182 116 (100 007) kSEK, an increase of 82% compared to 2013.
  • Operating result for the year is 9 015 (-11 826) kSEK. Excluding write-downs and re-listing expenses the operating result is 13 812 kSEK.
  • Net result for the year is 6 814 (-11 664) kSEK.
  • Earnings per share for the year before and after dilution is 0.77 (-1.34) SEK.
  • Cash flow before financing activities during the year is 5 090 (-20 343) kSEK. This includes fees of 2 354 kSEK to advisors in connection with the listing on Nasdaq Stockholm.
  • The result for the year is affected by write-downs of capitalized development costs and advances to external developers in the amount of 2 443 kSEK.
  • On June 10, the shares of G5 Entertainment AB (short name: G5EN) started trading on the main market of Nasdaq Stockholm.
  • The Board of Directors will propose to the Annual General Meeting that no dividend is paid for 2014.

Important events during the fourth quarter

  • G5 has during the quarter shown substantial and profitable growth, and generated record monthly and quarterly revenue.
  • Revenue from free-to-play games grew 164% compared to 13Q4, and accounted for 84% of total revenue in 14Q4 (64% in 13Q4).
  • The accumulated number of downloads of the group’s games (not counting updates) surpassed 190 million.
  • The group continued working on improving free-to-play games in its portfolio and working on new free-to-play games.
  • On December 19, 2104, the company held an extra-ordinary general meeting that decided to issue a maximum of 176 000 warrants to managers and senior executives of the G5 group, in accordance with the previously decided warrant program.

Important events after the end of the period

  • Two recently released games, both G5’s intellectual property, Survivors: The Quest and Mahjong Journey, have been received well by the market.
  • Martin Bauer has resigned from the Board of Directors.
  • Beginning with the reporting period January-March 2015, G5 Entertainment AB will start reporting revenues and costs in a functional income statement format. Operational costs will be classified as Cost of revenue, Research & development, Sales & marketing, and General & administrative costs.
  • Simultaneously, G5 Entertainment AB will begin reporting revenues including commission to distributors. This will increase reported revenues by approximately 40% as compared to the present revenue recognition method.
  • As the company currently undergoes a phase of fast top-line growth, exceeding the pace of the market expansion, the Board believes the management should focus on maintaining fast organic growth. The Board has therefore decided not to provide any financial targets with regard to the company’s future profitability at this stage.
  • The Group’s CFO, Odd Bolin, has decided to resign from G5, in order take up a new position. The recruitment of a replacement has started, and in the mean time Odd Bolin will continue to perform his duties.
  • After the extra-ordinary general meeting on December 19, 2014, the Board of G5 decided to allocate a total of 157 500 warrants to existing employees, keeping 18 500 warrants for potential new recruitments, etc. These 157 500 warrants have been fully subscribed.
  • The group’s office in Kharkov continues business as usual. It is the group's policy to keep critical code and materials backed up outside Ukraine, keep intellectual property rights in EU entities, and transfer funds to subsidiaries on as-needed basis.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Odd Bolin, CFO, +46 84 11111 5

PDF

February 17, 2015

Warrant Program 2014 fully subscribed

At the Extraordinary General Meeting of G5 Entertainment AB ("G5") held on December 19th 2014, it was decided to issue a maximum of 176 000 warrants to managers and senior executives of the G5 group. The Board of G5 then decided to allocate a total of 157 500 warrants to existing employees, keeping 18 500 warrants for potential new recruitments, etc.. These 157 500 warrants have now been fully subscribed. Board members with exception of the CEO were not entitled to subscribe.

Accordingly, G5 Entertainment AB will issue 157 500 warrants. Each warrant entitles the holder to subscribe to one share in the company at an issue price of 83.33 Kr. The warrant price is 0.40 SEK. The period for the warrants is 3 years and 3 months, and it will be possible to exercise warrants after 3 years. Upon full exercise of the warrants, up to 157 500 shares, which represents approximately two percent of the total number of outstanding shares, will be issued.

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Odd Bolin, CFO, +46 84 11111 5

PDF

February 17, 2015

Group CFO resigns

G5 Entertainment’s Chief Financial Officer, Odd Bolin, has decided to resign, in order to take up a new position. The recruitment of a replacement has started, and in the mean time Odd Bolin will continue to perform his duties.

Odd Bolin comments: "G5 is a great company in an exciting industry, and the two years I have spent with the company were very productive. Now it is time for me to move on to new ventures."

Vlad Suglobov, CEO, comments: "Odd was instrumental for G5 during the period of preparation and listing on Nasdaq Stockholm main market. We are grateful to Odd for his contribution and we wish him the best in his new endeavors."

For additional information please contact:
Vlad Suglobov, CEO, investor@g5e.com
Petter Nylander, Chairman, +46 765250955

PDF

February 02, 2015

Martin Bauer resigns from G5’s Board of Directors

2015-02-02 PRESS RELEASE

Martin Bauer has resigned from the Board of Directors of G5 Entertainment AB, effective immediately. The company does not intend to nominate a replacement until the annual general meeting, due on May 20. Until then, the board will consist of Petter Nylander (chairman), Jeffrey Rose, Pär Sundberg, and Vlad Suglobov (CEO). The audit committee will consist of Petter Nylander (chairman) and Pär Sundberg.

For additional information please contact:
Vlad Suglobov, CEO, investor@5e.com
Odd Bolin, CFO & IR manager, +46 84 11111 5

PDF

January 27, 2015

Member of the board investigated for insider trading

2015-01-27 PRESS RELEASE

G5 Entertainment AB has today received information that a member of the board of directors, Martin Bauer, is being investigated for insider trading. A search warrant has been implemented in the company's premises in Stockholm by the Economic Crime Authority, with the purpose of ascertaining facts that may be relevant for the investigation.

No other representative of the company is suspected of any involvement, nor is the company suspected of any crime.

The Company will provide additional information when available.

For additional information please contact:
Odd Bolin, CFO & IR manager, +46 84 11111 5

PDF

January 05, 2015

Preliminary results October-December 2014

2015-01-05 PRESS RELEASE 

Based on the information available, for the period October-December 2014, G5 forecasts quarterly revenue* of approximately 54 MSEK, which corresponds to achieving 88% revenue growth compared to the same period of 2013.

For the full year 2014, G5 forecasts revenue* of approximately 178 MSEK, which corresponds to achieving 78% revenue growth compared to 2013.

* G5 reports revenue net of application store fees, which may represent up to 30% of end user price.

The group’s year-end report for the period January-December 2014 is going to be released on February 24, 2015. 

More information about the company can be found at: www.g5e.se/corporate.

For further information, please contact:
Vlad Suglobov, CEO, investor@g5e.com
Odd Bolin, CFO, +46 84 11111 5

PDF

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