Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Board Alexander Albedj was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 09
Enad Global 7 AB (publ), Annual General Meeting, May 12, 2026 Enad Global 7 AB (publ), Annual General Meeting, May 12, 2026, at 17:30 W. Europe Standard Time. Location: baker mckenzie advokatbyra, on master samuelsgatan 17, floor 6, se-111 44 stockholm, stockholm Sweden Annuncio • Mar 26
Enad Global 7 AB And Daybreak Games Announce EverQuest Legends Launch Daybreak Games, a wholly owned subsidiary of Enad Global 7 AB (publ) (EG7), together with the independent development studio Game Jawn, has announced EverQuest Legends, a reimagined version of the original EverQuest designed to bring the classic experience to both returning and new players. EverQuest Legends combines the nostalgia of the original EverQuest with modern gameplay systems and quality-of-life enhancements. The game has been designed from the ground up to support a more flexible playstyle, allowing players to experience the world of Norrath solo, in small groups, or in raids. At launch, EverQuest Legends will feature the original art style, including classic graphics, zones, spell effects, loot, and music, alongside a range of modern features aimed at improving accessibility and player experience. Key features include: Experience Classic EverQuest – Revisit the original world of Norrath with its iconic visuals, sound, and gameplay elements, faithfully recreated for a modern audience; Modern Game Features – A streamlined user interface, enhanced spell and ability management, and numerous quality-of-life improvements; Forge Your Legend – A new multi-class system allowing players to combine up to three classes per character, creating over 500 unique class combinations and enabling deep character customization; Adventure Your Way – A flexible progression system that allows players to experience the game at their own pace, whether solo, in small groups of up to four players, or in raids of up to eight players. The game is developed in collaboration with Game Jawn, a team with deep roots in the EverQuest community and extensive experience in emulator development, bringing both authenticity and passion to the project. EverQuest Legends is expected to enter closed beta in April 2026, with a planned launch in July 2026. Annuncio • Jun 12
Enad Global 7 AB (Publ) Announces Board Changes Enad Global 7 AB (publ) at its AGM, held on June 11, 2025, elected Markus Andersson as new director. Ebba Ljungerud had declined re-election. Annuncio • May 13
Enad Global 7 AB (publ), Annual General Meeting, Jun 11, 2025 Enad Global 7 AB (publ), Annual General Meeting, Jun 11, 2025, at 16:30 W. Europe Standard Time. Location: at baker mckenzie advokatbyra on vasagatan 7, 101 23 stockholm. Sweden Annuncio • Apr 16
Palia is coming to PlayStation 5 and Xbox series X|S on May 13, along a brand-new Expansion ‘Elderwood' Enad Global 7 AB (publ)'s studio Singularity 6 will release the free-to-play fantasy life sim Palia on PlayStation 5 and Xbox series X|S on May 13, along a brand-new expansion, Elderwood, available across all platforms. This expansion introduces vertical exploration and a new area to Palia's ever- evolving world. Home to more than 6 million players to date, Palia will arrive with full cross-platform support available on PlayStation 5, Xbox Series X|S, Nintendo Switch and PC. Released in Open Beta on PC and Nintendo Switch in 2023, Palia has steadily become the free-to-play, multiplayer, life sim adventure game of choice for gamers around the world looking to craft, explore, and make memories together in the home of their dreams. With nearly endless ways to make Palia their home, players can find relaxation and joy in every corner of this vibrant, heartwarming world. Since its initial release, Palia has released more than 24 content updates to date. Palia's monthly update cadence has launched more than 800 housing decor items, seasonal events and minigames, trading and building mechanics, tons of style options, and immersive storylines set to a relaxing soundtrack. With Palia's arrival on PlayStation 5 and Xbox Series X|S, players will be introduced to the Elderwood, a dense and magical forested Adventure Zone filled with surprises around every corner. Elderwood offers players fresh ways to explore and gather with friends, bringing in familiar characters like Nai'o and Subira to guide players on their new quests. In Elderwood, players will search for new themed collectibles, hostile huntable creatures, such as the Ogapuu, and elusive ones, such as the Shmole. Additionally, players can look forward to unearthing Artifacts hidden deep in the Elderwood. Artifacts unlock a brand new equipment type called Relics, which will unlock user's true potential by providing user and user's party with unique buffs. Elderwood also introduces new artifacts, fish, insects, plushes, and decor to transform players' homes in Palia. Palia players looking to jump back in with their friends on May 13 can look forward to the return of Palia's ‘Refer A Friend’ program. By inviting their friends to Palia, Players can earn special in-game item rewards. Annuncio • Jan 09
Enad Global 7 AB (publ) Initiates A Wind Down of the Operations in Toadman Enad Global 7 AB (publ) announced as part of the company's efforts to deliver on the groups long term strategy, the Board of Directors has initiated the process to wind down the operations in Toadman. This decision does not come lightly and follows several initiatives to turn the subsidiary profitable, including the cost-saving measures executed in 2024. Ongoing Work-for-Hire (WFH) contracts with Daybreak and Cold Iron will be protected in this process, this means that a complete closure of activities will be optimized to fulfill the contract’s deliverables. This will have an immediate effect on all employees not engaged in these contracts. The wind down decision stems directly from the continued industry challenges and the studio's inability to secure new Work-for-Hire (WFH) contracts at a necessary pace. The wind down of Toadman is expected to result in a non-recurring restructuring reserve of approximately SEK 16.5 million. The effect of this decision will be fully seen in the second half of 2025, where an annual operating cost reduction of approximately SEK 46.5 million will be recognized. This decision will affect 69 employees and subcontractors of which approximately 42 will stay engaged in the protected projects mentioned above over a transition period to fulfil the contract’s deliverables. This is also expected to have a positive effect on both pre-tax profits and operating cash flows meanwhile having a limited impact on the Group’s balance sheet. New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 84% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 11x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Nov 13
Third quarter 2024 earnings released: kr0.33 loss per share (vs kr0.11 profit in 3Q 2023) Third quarter 2024 results: kr0.33 loss per share (down from kr0.11 profit in 3Q 2023). Revenue: kr469.2m (down 11% from 3Q 2023). Net loss: kr29.2m (down 392% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annuncio • Sep 28
Enad Global 7 AB (publ) Announces Shadows of Doubt Now Launched into 1.0 Together with New Content Enad Global 7 AB (publ) announced Shadows of Doubt is an immersive crime-solving sim that puts players in the role of a private investigator. The game has now launched into 1.0, with all new content and is now available on PS5, Xbox X|S and PC. Explore fully simulated cities and meet individual citizens each with their own name, job, apartment and daily routine. Use gadgets to uncover evidence, track down criminals and crack each case in a city where anybody could be a suspect. Scan fingerprints, browse call logs, read private emails, check CCTV, pick locks, and sabotage security systems. With multiple ways to solve each case, become the detective that want to be. Annuncio • Aug 28
Fireshine Games Announces Core Keeper Launches on PS5, Xbox Series X|S & PC 1.0 Fireshine Games are proud to announce that the mining sandbox adventure Core Keeper is available now on the PlayStation 5 (PS5) system, Xbox Series X|S and PC 1.0. With over 2 million copies already sold during Steam Early Access, Core Keeper is an award-winning mining sandbox adventure game set in an ancient cavern of creatures, treasures and trinkets. Set out on adventure alone or explore with friends in online co-op, harvesting relics and resources to build your base, craft advanced tools, and discover a vast subterranean world. Core Keeper is available now on PlayStation 5, Xbox Series X|S and PC, and will be available on the Nintendo Switch system, the PlayStation 4 system and Xbox One consoles on September 17th. A physical version of Core Keeper will also be available on all console platforms on September 17th, with pre-orders available now. Reported Earnings • Jul 28
Second quarter 2024 earnings released: kr0.44 loss per share (vs kr0.017 profit in 2Q 2023) Second quarter 2024 results: kr0.44 loss per share (down from kr0.017 profit in 2Q 2023). Revenue: kr352.7m (down 29% from 2Q 2023). Net loss: kr38.8m (down kr40.3m from profit in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.19, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Entertainment industry in Europe. Total loss to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.38, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Entertainment industry in Europe. Total loss to shareholders of 78% over the past three years. Upcoming Dividend • May 24
Upcoming dividend of kr0.22 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.7%). Annuncio • Apr 26
Enad Global 7 AB (publ), Annual General Meeting, Jun 19, 2024 Enad Global 7 AB (publ), Annual General Meeting, Jun 19, 2024. Agenda: To consider annual report and consolidated accounts. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: kr1.76 (vs kr3.04 loss in FY 2022) Full year 2023 results: EPS: kr1.76 (up from kr3.04 loss in FY 2022). Revenue: kr2.08b (up 11% from FY 2022). Net income: kr156.1m (up kr424.1m from FY 2022). Profit margin: 7.5% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Annuncio • Mar 16
Enad Global 7 AB (Publ) Elects Ebba Ljungerud as Director Enad Global 7 AB (publ) at the extra general meeting held on 15 March 2024, elected Ebba Ljungerud as new director. Recent Insider Transactions • Feb 16
Deputy CEO & CFO recently bought €66k worth of stock On the 13th of February, Fredrik Ruden bought around 55k shares on-market at roughly €1.20 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of €86k worth in shares. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: kr1.76 (vs kr3.04 loss in FY 2022) Full year 2023 results: EPS: kr1.76 (up from kr3.04 loss in FY 2022). Revenue: kr2.09b (up 11% from FY 2022). Net income: kr156.1m (up kr424.1m from FY 2022). Profit margin: 7.5% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Annuncio • Feb 09
EG7s Game Studio Toadman Interactive Fully Unveils Its Upcoming Title, Evil V Evil EG7s Game studio Toadman Interactive fully unveils its upcoming title, Evil V Evil. In this ultimate vampire power fantasy, players become the hunter and carve a bloody path of destruction in this fast-paced cooperative first-person shooter. Evil V Evil is coming to PlayStation 5, Xbox Series X/S, and PC via Steam this summer for USD 19.99. The only way to fight evil is to become evil, so players must give in to their vampiric urges, and cause bloody Armageddon across Evil V Evil's rich story campaign, which features 11 episodic missions for 1 to 3 players. A closed beta is scheduled to begin on March 1, giving players an early look at Evil V Evil's frenetic and bloody combat. Registration details for the closed beta are available on the Steam page here. Annuncio • Jan 30
Enad Global 7 AB (Publ) Appoints David Youssefi as General Counsel As part of EG7's ambition to move the company from Nasdaq First North to Nasdaq Stockholm and to further strengthen the executive team, the Board has appointed David Youssefi as Vice President and General Counsel. David Youssefi joined Daybreak in 2011 and has played a vital role in shaping Daybreak in his current position as Senior Vice President and General Counsel. David is a senior legal professional with 25 years of legal experience both in-house and in various roles at major law firms. As a global business operation with worldwide intellectual property holdings, EG7 and its group companies view legal support and compliance as key to continued growth and business success. With David as the Vice President and General Counsel of the group, EG7 is poised to leverage his wealth of experience to provide needed legal support to the group's business activities. Annuncio • Dec 14
Enad Global 7 AB (Publ) Announces Quarterly Cash Dividends, Payable on 3 June 2024 The extra general meeting of Enad Global 7 AB (publ) resolved, in accordance with the board of directors' proposal, on a dividend in a total amount of SEK 39,871,586.70, corresponding to SEK 0.45 per share, payable in cash. The dividend shall be paid twice quarterly, whereby the first payment amounts to SEK 0.23 per share, resulting in a total dividend of SEK 20,378,810.98, and the second payment amounts to SEK 0.22 per share, resulting in a total dividend of SEK 19,492,775.72. The record date for the first payment is on 1 March 2024, whereby payment from Euroclear Sweden AB is expected to be made on 6 March 2024. The record date for the second payment is on 3 June 2024, whereby payment from Euroclear Sweden AB is expected to be made on 7 June 2024. New Risk • Dec 07
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 206% Dividend yield: 2.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Dividend is not well covered by earnings (206% payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: kr0.11 (vs kr0.32 in 3Q 2022) Third quarter 2023 results: EPS: kr0.11 (down from kr0.32 in 3Q 2022). Revenue: kr527.0m (up 16% from 3Q 2022). Net income: kr10.0m (down 65% from 3Q 2022). Profit margin: 1.9% (down from 6.3% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.8% growth forecast for the Entertainment industry in Germany. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.56, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Entertainment industry in Europe. Total returns to shareholders of 18% over the past year. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Entertainment industry in Europe. Total returns to shareholders of 26% over the past year. New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: kr0.017 (vs kr2.42 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.017 (up from kr2.42 loss in 2Q 2022). Revenue: kr497.2m (up 14% from 2Q 2022). Net income: kr1.50m (up kr216.2m from 2Q 2022). Profit margin: 0.3% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Entertainment industry in Germany. Annuncio • Aug 15
Enad Global 7 AB (publ) to Report Q4, 2023 Results on Feb 13, 2024 Enad Global 7 AB (publ) announced that they will report Q4, 2023 results on Feb 13, 2024 Annuncio • Aug 01
Enad Global 7 AB (Publ) Announces Piranha's New Expansion for Mechwarrior 5: Mercenaries the Dragon's Gambit Enad Global 7 AB (publ) announced Piranha's new expansion for MechWarrior 5: Mercenaries the Dragon's Gambit. The fifth DLC for MechWarrior 5: Mercenaries - Dragon’s Gambitis announced to be released on September 28, 2023. Embark on an epic quest line as mercenary company joins forces with the 5th Amphigean Light Assault Group. Together, must defend the Draconis Combine against a massive invasion by the FedCom Alliance. Brace yourself for the largest handcrafted campaign yet, spanning 15 thrilling missions, and prove mettle in the face of this formidable threat as strive to safeguard the future of the Draconis Combine. MechWarrior 5: Mercenaries the Dragon’s Gambit expansion will be available on Xbox Series X|S, Xbox One X, Xbox One, PC, PlayStation®4, and PlayStation®5, and Epic Games Store. Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director & Acting CEO Ji Ham was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 22
Enad Global 7 AB (Publ) Approves Board Elections Enad Global 7 AB (publ) announced that at its AGM held on 21 June 2023, the shareholders approved election of Ji Ham, Ben Braun, and Ron Moravek as a new directors. Reported Earnings • Apr 28
Full year 2022 earnings released: kr3.04 loss per share (vs kr1.13 profit in FY 2021) Full year 2022 results: kr3.04 loss per share (down from kr1.13 profit in FY 2021). Revenue: kr1.88b (up 3.6% from FY 2021). Net loss: kr268.1m (down 377% from profit in FY 2021). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in Germany. Recent Insider Transactions • Feb 24
Director recently bought €103m worth of stock On the 17th of February, Alexander Albedj bought around 43m shares on-market at roughly €2.43 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €56m more in shares than they have sold in the last 12 months. Annuncio • Feb 18
Enad Global 7 AB (publ), Annual General Meeting, May 24, 2023 Enad Global 7 AB (publ), Annual General Meeting, May 24, 2023. Reported Earnings • Feb 18
Full year 2022 earnings released: kr3.04 loss per share (vs kr1.13 profit in FY 2021) Full year 2022 results: kr3.04 loss per share (down from kr1.13 profit in FY 2021). Revenue: kr1.88b (up 3.6% from FY 2021). Net loss: kr268.1m (down 377% from profit in FY 2021). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Entertainment industry in Germany. Buying Opportunity • Jan 31
Now 22% undervalued Over the last 90 days, the stock is up 96%. The fair value is estimated to be €3.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 73% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: kr0.32 (vs kr0.32 loss in 3Q 2021) Third quarter 2022 results: EPS: kr0.32 (up from kr0.32 loss in 3Q 2021). Revenue: kr453.0m (up 2.0% from 3Q 2021). Net income: kr28.6m (up kr56.8m from 3Q 2021). Profit margin: 6.3% (up from net loss in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 9.8% growth forecast for the Entertainment industry in Germany. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Gunnar Lind was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 24
Games Mobile ST LTD entered into agreement to acquire Innova Intellectual Properties S.à r.l. from Enad Global 7 AB (publ) (OM:EG7) for € 21 million. Games Mobile ST LTD entered into agreement to acquire Innova Intellectual Properties S.à r.l. from Enad Global 7 AB (publ) (OM:EG7) for € 21 million on September 23, 2022. Total consideration will be paid in cash as follows: (i) €17.0 million of cash at closing and (ii) €4.0 million of cash in six equal quarterly instalments over the following 18 months. Approximately EUR 9.9 million in cash will remain within Innova. The size of any contingent consideration is dependent on the timing of any divestment of Innova by GMST and the consideration received. If GMST sells Innova within five years from closing, EG7 will receive 15-30 percent of the sale proceeds, if the sale price is greater than EUR 50 million, up to a maximum of EUR 13.5 million of contingent consideration. If GMST sells Innova for EUR 100 million or more after five years from closing, then EG7 will be entitled to 20 percent of the sale price from such a transaction. Enad Global 7 AB had initially contemplated a transaction with the management team at Innova as previously communicated on April 19, 2022. Enad Global 7 ABBoard determined that Games Mobile ST LTD proposed transaction would be more beneficial to the shareholders of the Company while also providing Innova with more favourable long-term prospects over the initially contemplated transaction. Innova Intellectual Properties S.à r.l. remaining net assets as of June 30, 2022 was SEK 120 million (€ 11.2 million). Reported Earnings • Aug 24
Second quarter 2022 earnings released: kr2.42 loss per share (vs kr0.19 loss in 2Q 2021) Second quarter 2022 results: kr2.42 loss per share (down from kr0.19 loss in 2Q 2021). Revenue: kr510.7m (up 47% from 2Q 2021). Net loss: kr214.7m (loss widened kr198.1m from 2Q 2021). Over the next year, revenue is expected to shrink by 2.5% compared to a 90,133% growth forecast for the Entertainment industry in Germany. Annuncio • Aug 23
Enad Global 7 AB (publ) Provides Group Revenue Guidance for the Full Year 2022 Enad Global 7 AB (publ) provided group revenue guidance for the full year 2022. Net revenue range expectations for the full year 2022 is SEK1.6 billion - SEK 1.7 billion with margins near the new normalized level. Annuncio • Jun 23
Daybreak Games Announces the Launch of the Isle of Dread Expansion for Dungeons & Dragons Online Dread expansion cult of Vecna has been sighted in the region, and now a mysterious island has reappeared off the coast. Prehistoric dangers await any who set foot on the island’s shores, so only true heroes will be capable of surviving the threats and stopping the cult. Key Features Include: Level Cap Increase and Heroic Play! – With the Isle of Dread expansion, DDO’s level cap has increased to 32! This is the first level cap increase since 2015. Isle of Dread includes questing and adventures that can be played by characters of Heroic Level 7 and Legendary level 30+. New Adventures Based On Classic D&D! – The Isle of Dread module comes to life in all new quests and a massive adventure area filled with dangerous dinosaurs! Traverse tarpits, navigate ancient ruins, and uncover Vecna’s devious plans. New Monsters – Fight familiar foes like Triceratops, T-Rex, and other infamous Dinosaurs, but also face off against other D&D creatures like the Kopru and Ettercaps! New Playable Character Race: Tabaxi – Get access to the new playable Tabaxi character race with any edition of the Isle of Dread expansion! Use feline agility to claw way through the island’s dangers. New Iconic Hero: Trailblazer – Get access to the Trailblazer Iconic Hero when choose the Ultimate Editions of the expansion! Strike down foes with all new staff fighting abilities exclusive to the Trailblazer. Gather and Craft New Gear – Isle of Dread will debut an all new customizable Dinosaur-bone crafting system, and showcase new pirate-inspired gear, new Sentient Artifacts to hunt for, and new Augments to customize gear! Permanent Raptor Hireling – Form own hunting pack with a permanent Raptor Hireling named Teal! Available in the Collector’s and Ultimate editions of Saltmarsh. The Collector’s Raptor supports Heroic level 7, while the Ultimate Fan Bundle Raptor supports level 30. Annuncio • Jun 22
Enad Global 7 AB (Publ) Elects Jason Epstein as Chairman of the Board of Directors Enad Global 7 AB (publ) at it's AGM held on 21 June 2022 approved to elect Jason Epstein as chairman of the board of directors. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.49, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 16x in the Entertainment industry in Germany. Total loss to shareholders of 80% over the past year. Annuncio • Jun 13
Toadman Interactive Unveils Block N Load 2 Toadman Interactive unveils new trailer and information for lock N Load 2, an all-new team-based, PVP hero shooter for PC and consoles. Players and fans can now sign-up on Steam to participate in the upcoming Closed Beta. In Block N Load 2, players will have to think fast on their feet in voxel-based arenas where they must build, destroy and fill with traps, teleporters, boosters and more to survive! No two matches will ever be the same as players use resources they gather to change everything and anything in any given level. Each team is encouraged to work together with a well-rounded mix of heroes to make the best use of each unique character's classes and abilities. In addition, what further makes Block N Load 2 a one-of-a-kind experience is that players will be able to create their own arena to their liking - whether it's more traditional and tactical shooter level design or something completely unique - the players will have a chance to fully explore and showcase their creativity. Recent Insider Transactions • Jun 01
Chairman of the Board recently bought €385k worth of stock On the 25th of May, Alexander Albedj bought around 250k shares on-market at roughly €1.54 per share. This was the largest purchase by an insider in the last 3 months. This was Alexander's only on-market trade for the last 12 months. Reported Earnings • May 26
First quarter 2022 earnings released: EPS: kr0.018 (vs kr0.21 in 1Q 2021) First quarter 2022 results: EPS: kr0.018 (down from kr0.21 in 1Q 2021). Revenue: kr492.0m (up 49% from 1Q 2021). Net income: kr1.60m (down 91% from 1Q 2021). Profit margin: 0.3% (down from 5.2% in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 130% growth forecast for the industry in Germany. Annuncio • May 26
Enad Global 7 AB (Publ) Provides Financial Guidance for April and for the Full Year 2022 Enad Global 7 AB (publ) provided financial guidance for April and For the full year 2022. The company expected Net Revenue for April came in at SEK 147 million, which reflects seasonal trends for the company during this period. For the full year 2022, the company now expecting Net Revenue in the range of SEK 1.6-1.7 billion with sustained margins, factoring in Innova divestiture. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Gunnar Lind was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 20
The management of Innova entered into a letter of intent to acquire Innova Intellectual Properties S.à r.l. from Enad Global 7 AB (publ) (OM:EG7) for €32 million The management of Innova entered into a letter of intent to acquire Innova Intellectual Properties S.à r.l. from Enad Global 7 AB (publ) (OM:EG7) for €32 million on April 19, 2022. The consideration is intended to be settled through a vendor loan agreement. The sale of Innova will be subject to the approval from a general shareholders' meeting of the Company and may also require approvals from Russian authorities before it can be fully executed. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.84, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 19x in the Entertainment industry in Germany. Total loss to shareholders of 82% over the past year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.44, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Entertainment industry in Germany. Total loss to shareholders of 72% over the past year. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr1.13 (up from kr1.80 loss in FY 2020). Revenue: kr2.17b (up 252% from FY 2020). Net income: kr96.7m (up kr245.2m from FY 2020). Profit margin: 4.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 3.0%, compared to a 340% growth forecast for the industry in Germany. Annuncio • Feb 18
Enad Global 7 AB (publ), Annual General Meeting, May 26, 2022 Enad Global 7 AB (publ), Annual General Meeting, May 26, 2022. Agenda: ANNUAL GENERAL MEETING. Annuncio • Nov 27
Enad Global 7 AB (Publ) Reiterates Revenue Guidance for the Fourth Quarter and Full Year 2021 Enad Global 7 AB (publ) reiterated revenue guidance for the fourth quarter and full year 2021. In line with the guidance that the company provided just 2 months ago, it is targeting and tracking against the SEK 450 million to SEK 500 million of net revenue. And full year 2021, it is on track for producing net revenues of SEK 1.55 billion or SEK 1.56 billion of net revenues. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: kr0.32 loss per share (down from kr0.29 profit in 3Q 2020). Revenue: kr444.0m (up 269% from 3Q 2020). Net loss: kr28.2m (down 356% from profit in 3Q 2020). Revenue missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 59%, compared to a 306% growth forecast for the industry in Germany. Annuncio • Oct 02
Enad Global 7 AB (publ) G7 Announces Two New Titles Developed by Big Blue Bubble Enad Global 7 AB (publ) announced the title Power Chord, a team-based deck-building game developed by Big Blue Bubble. Power Chord will be released on Steam Early Access (PC) in December 2021. Currently being developed by Big Blue Bubble, the developers of the world-renowned My Singing Monsters franchise, Power Chord assembles the Earth's mightiest musicians and utilizes their unique abilities to battle against a demonic horde. With each bandmate having their own distinct gameplay style, cards and perks, Power Chord allows players to create unique combos based on different band combinations. In addition to announcing Power Chord, Big Blue Bubble will also release the title My Singing Monsters Playground on November 9, 2021 on PlayStation 4 and 5, Xbox One and Series S/X, Nintendo Switch and Steam (PC). The title is yet another entry into the successful My Singing Monster series that has amassed over 200 million downloads to date and that recently had the most successful quarter in its 9-year history. Annuncio • Sep 08
Enad Global 7 AB (Publ) Provides Earnings Guidance for the Third Quarter and Fourth Quarter of 2021 Enad Global 7 AB (publ) provided earnings guidance for the third quarter and fourth quarter of 2021. For the third quarter, the company expects net revenue of SEK 400 to SEK 420 million.
For the fourth quarter, the company expects net revenue of SEK 450 to SEK 500 million. Reported Earnings • Aug 27
Second quarter 2021 earnings released: kr0.031 loss per share (vs kr0.27 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: kr422.5m (up 160% from 2Q 2020). Net loss: kr2.70m (loss narrowed 72% from 2Q 2020). Reported Earnings • May 29
First quarter 2021 earnings released: EPS kr0.21 (vs kr0.31 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr331.2m (up 102% from 1Q 2020). Net income: kr17.2m (up kr26.9m from 1Q 2020). Profit margin: 5.2% (up from net loss in 1Q 2020). Annuncio • Mar 03
Enad Global 7 AB (publ) (OM:EG7) completed the acquisition of Piranha Games Inc. from its shareholders. Enad Global 7 AB (publ) (OM:EG7) entered into an agreement to acquire Piranha Games Inc. from its shareholders for approximately CAD 94.4 million on November 25, 2020. The consideration is on a cash- and debt- free basis and will be paid in cash and in newly issued EG7 shares. As reported, the upfront consideration of CAD 31.4 million is paid as CAD 20.9 million cash and CAD 10.5 million is paid with 808,091 newly issued EG7 shares. 50% of the consideration shares shall be held back and will be earned by the sellers over a period of twelve months, subject to certain conditions while 50% of the consideration shares will be paid at closing. An additional earn-out consideration of up to CAD 63.4 million is payable subject to Piranha Games generating a certain financial performance based on its EBIT during the years December 1, 2020-31 December 2025, whereof up to 50% will be paid in newly issued shares in EG7 and the balance in cash. Within the EG7 Group, Piranha Games will operate as an independent studio and be reported as a separate entity.
The EBITDA-multiple on the purchase price amounts to 3.7x EBITDA. For the 12-month period ending on September 30, 2020, Piranha Games generated net sales of approximately CAD 22.7 million and EBITDA of approximately CAD 8.6 million. Through the acquisition, EG7 gains a reputable team of 65 people in the studio in Vancouver, Canada. Completion of the transaction is subject to customary conditions including foreign investment approval and closing is expected to take place during the first calendar quarter 2021. Baker McKenzie (Stockholm and Toronto) is acting as legal advisor to EG7.
Enad Global 7 AB (publ) (OM:EG7) completed the acquisition of Piranha Games Inc. from its shareholders on March 1, 2021. Annuncio • Feb 26
Enad Global 7 AB (publ) (OM:EG7) entered into an agreement to acquire Innova Intellectual Properties S.a R.L. from its shareholders for €99.4 million. Enad Global 7 AB (publ) (OM:EG7) entered into an agreement to acquire Innova Intellectual Properties S.a R.L. from its shareholders for €99.4 million on February 25, 2021. The consideration shall be paid on a cash and debt free basis entirely through 9.7 million newly issued shares of Enad Global 7 AB (publ) at a price of €11.3 per share to be paid in full at closing. 75% of the consideration shares will be subject to a 24-month lock-up and remaining 25% subject to a 6-month lock-up from the date of completion. For year ending December 31, 2020, Innova generated net sales of approximately €33.3 million and EBITDA of approximately €13.6 million. The EBITDA multiple reflected in the purchase price therefore amounts to 8x EBITDA. The transaction is expected to complete at the end of first calendar quarter of 2021. Baker McKenzie is acting as legal advisor to EG7 in the Transaction. Agnitio Capital is acting as financial advisor and DLA Piper is acting as legal advisor for Innova and its shareholders in the transaction. Annuncio • Feb 25
Enad Global 7 AB (publ) to Report Fiscal Year 2020 Final Results on Apr 20, 2021 Enad Global 7 AB (publ) announced that they will report fiscal year 2020 final results on Apr 20, 2021 Annuncio • Dec 23
Enad Global 7 AB (publ) (OM:EG7) completed the acquisition of Daybreak Game Company LLC from Jason Epstein, Ji Ham and others. Enad Global 7 AB (publ) (OM:EG7) entered into an agreement to acquire Daybreak Game Company LLC from Jason Epstein, Ji Ham and others for approximately $300 million on December 1, 2020. The acquisition of Daybreak is on a cash- and debt- free basis and the Consideration consists of a cash payment and newly issued shares in EG7. Out of total consideration of $300 million, a $260 million is paid at closing of the Transaction and $40 million is paid following finalization of Daybreak’s FY 2020 financial statements. The Upfront Cash Consideration and the Deferred Consideration will be paid through the capital raised via the Debt Financing and from the Directed Share Issue. A $100 million of the Upfront Consideration will be paid with 10,079,985 EG7 shares, $160 million of the Upfront Consideration will be paid in cash. The Deferred Consideration of $40 million will be paid in cash. Following the Transaction, Daybreak’s main owner Jason Epstein will hold approximately 10 percent and the additional current shareholders of Daybreak will together hold approximately 3 percent of the total number of outstanding shares and votes in EG7.
To finance parts of the Transaction, EG7 has secured SEK 900 million ($105.7 million) of debt financing, comprised of a SEK 400 million ($46.9 million) 3-year revolving credit facility and a SEK 500 million ($58.7 million) 12-month term loan facility, which term loan facility may be utilized at the sole discretion of EG7 or be replaced by an equity issue. EG7’s Board of Directors intends to carry out a new issue of shares in EG7 in amount of up to SEK 1,600 million ($187.9 million) through an accelerated book building procedure conducted by Carnegie and Swedbank directed to Swedish and international institutional investors.
During the 12-month period ending on 30 September 2020, Daybreak reported net revenues of $77.6 million and adjusted EBITDA of $29 million. Shareholders representing approximately 41 percent of the capital and votes in EG7 have committed to vote in favor of the resolution to approve the issue at the Extraordinary General Meeting planned to be held on 17 December 2020. Closing of the Transaction is expected to take place no later than December 31, 2020. On December 2, 2020, the board of directors resolved to issue the Consideration Shares, subject to the approval from the extra general meeting on December 17, 2020. The extra general meeting approved the share issue and the board of directors has today resolved to allot the Consideration Shares as part of the completion of the Transaction. Carnegie Investment Bank AB (publ) is acting as financial advisor and Anna Orlander, Henric Roth, Markus Meuller and David Malliband of Baker & McKenzie acted as legal advisors for Enad Global 7. Gernandt & Danielsson Advokatbyrå KB is acting as legal counsel to Carnegie Investment Bank AB (publ) and Swedbank AB (publ). Aream & Co. is acting as exclusive financial advisor to Daybreak. LionTree Advisors is acting as financial advisor to Jason Epstein, Executive Chairman and majority shareholder of Daybreak. Perkins Coie is acting as legal advisor to Daybreak in relation to the Transaction.
Enad Global 7 AB (publ) (OM:EG7) completed the acquisition of Daybreak Game Company LLC from Jason Epstein, Ji Ham and others on December 22, 2020. 
