In its maiden results following the group’s Scale listing in July, Media and Games Invest (MGI) reported a 97% like-for-like increase in Q2 revenues to €30.0m, with EBITDA up 68% to €6.3m. The group reported H120 revenues of €56.6m and EBITDA of €11.6m. With the sustained growth in EBITDA, leverage has fallen to 3.2x LTM EBITDA. Management raised its FY20 guidance, with a revenue target of €115–125m (37–49% growth y-o-y) and introduced FY20 EBITDA gu
20 Aug 2020
Media and Games Invest - Strong H1 performance, more to come
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Media and Games Invest - Strong H1 performance, more to come
- Published:
20 Aug 2020 -
Author:
Richard Williamson -
Pages:
6
In its maiden results following the group’s Scale listing in July, Media and Games Invest (MGI) reported a 97% like-for-like increase in Q2 revenues to €30.0m, with EBITDA up 68% to €6.3m. The group reported H120 revenues of €56.6m and EBITDA of €11.6m. With the sustained growth in EBITDA, leverage has fallen to 3.2x LTM EBITDA. Management raised its FY20 guidance, with a revenue target of €115–125m (37–49% growth y-o-y) and introduced FY20 EBITDA gu