Media and Games Invest reports an increase in sales from 15.2 million euros to 30 million euros for the second quarter of 2020. EBITDA also increased significantly, but the percentage increase from EUR 3.8 million to EUR 6.3 million did not quite keep up with the almost doubling in sales. In the second quarter of 2020, the number of players in the gaming segment could be increased further, the company said. This led to an organic increase in sales. “At the same time, the focus of the media segment on a digital customer base means that sales in the media segment are also developing positively despite the ongoing corona crisis,” said Media and Games Invest on Monday.
There were also acquisitions. “In particular, the integration of the media segment under the leadership of the Verve Group will bring further synergy effects in the coming periods, which should lead to an improvement in profitability,” announces the company.
Following the recent operational development, the company is raising its targets for 2020. Media and Games Invest now expects sales of between 115 million euros and 125 million euros. On an EBITDA basis, operating profit is expected to increase to between EUR 20 million and EUR 23 million. The company does not consider any other possible acquisitions. The complete quarterly figures are scheduled for August 12.
At a glance – chart and news: Media and Games Invest