G5 Entertainment: Year-end Report 2019
STOCKHOLM--(BUSINESS WIRE)--Feb 12, 2020--
“2019 was an important year for G5 as we continued to deliver on our strategy of a sustainable, healthy and self-funded development of the company. We achieved it by being profitable and cash flow positive, a base that gives us the ability to take managed risks in the business. This approach has produced the outstanding growth we have seen in the last 10 years,” said Vlad Suglobov, CEO of G5 Entertainment. “In the fourth quarter our own games grew 8 percent year-over-year and almost 30 percent year-over-year in January, powered by Jewels of Rome, which we launched in June 2019. The year ahead will be an exciting year for us with so many new games recently released, and others set to hit the market. 2019 was about optimizing our larger development teams and in 2020 we will start to benefit from the hard work.”
This information is information that G5 Entertainment AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07:30 CET on February 12, 2020.
About G5 Entertainment
G5 Entertainment AB (publ) (G5) develops and publishes high quality free-to-play games for both smartphones and tablets that are family-friendly, easy to learn, and targeted at the widest audience of both experienced and novice players. The group distributes their games through the Apple, Google, Amazon, and Windows application stores. The company’s portfolio includes popular games likeHidden City®, Mahjong Journey®, Jewels of Rome®, Homicide Squad®, The Secret Society® and Pirates & Pearls (tm).
Through its head entity G5 Entertainment AB (Publ), G5 Entertainment Group is publicly listed on Nasdaq Stockholm’s main market mid cap segment under trade symbol G5EN.ST. G5 Entertainment has been ranked in Deloitte’s Top 500 Fastest Growing Tech Companies in Europe, the Middle East and Africa for 6 years in a row.
More information about G5 Entertainment can be found at http://www.g5e.com/corporate
View source version on businesswire.com:https://www.businesswire.com/news/home/20200211006184/en/
CONTACT: For additional information please contact:
+46 76 00 11 115Joo Hun Kim
+1 212 868 6760
KEYWORD: SWEDEN EUROPE
INDUSTRY KEYWORD: CASINO/GAMING ENTERTAINMENT ONLINE MOBILE ENTERTAINMENT
SOURCE: G5 Entertainment
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PUB: 02/12/2020 02:20 AM/DISC: 02/12/2020 02:20 AM