Results confirm that the sales recovery signalled in August has been fully realised in terms of profit delivery. The business transformation strategy is on track, and Game Digital is successfully developing future growth areas such as digital content, virtual reality, BELONG arenas, and tournaments. With significant euro exposure, and buoyant retail growth in Q1 of the current year, an FY18e EV/EBITDA valuation of 2.1x looks misplaced.
15 Nov 2017
Game Digital - Sales recovery sees strategy on track
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Game Digital - Sales recovery sees strategy on track
Game Digital (GMD:LON) | 0 0 4.4% | Mkt Cap: 64.9m
- Published:
15 Nov 2017 -
Author:
Paul Hickman -
Pages:
9
Results confirm that the sales recovery signalled in August has been fully realised in terms of profit delivery. The business transformation strategy is on track, and Game Digital is successfully developing future growth areas such as digital content, virtual reality, BELONG arenas, and tournaments. With significant euro exposure, and buoyant retail growth in Q1 of the current year, an FY18e EV/EBITDA valuation of 2.1x looks misplaced.