Hugo Games announces its Annual Report 2017.
COPENHAGEN, March 23rd, 2018: Hugo Games' (OAX: HUGO) attached financials for 2017.
i) Revenue amounts to DKK 3.618k in FY17 compared to DKK 5.331k in FY16. The decrease is mainly explained by no new games being released in FY17.
ii) Operating expenses amounts to DKK 22.291k in FY17 compared to DKK 20.957k in FY16. The increase is mainly due to more development costs being expensed, which also includes an increase in staff costs.
iii) Staff costs amounts to DKK 15.074k in FY17 compared to DKK 10.296k in FY16. The increase is mainly due to share-based payments recognised with the amount of DKK 2.952k.
iv) EBITDA is negative of DKK 18.834k in FY17 compared to a negative of DKK 16.091K in FY16.
However, with:
1) The successful restructure of Hugo Games in November 2017
2) The product releases of Kings of Soccer and Doodle Jump 2 in Q2/2018 and
3) Our continued strong product line-up, with Vikings and Nyjah Huston product releases in 2nd half of 2018
we believe that 2018 will be the year where we will meet the expectations of our shareholders and show the market that Hugo Games is an important player in the Mobile Gaming Market. From a financial point of view it is our expectation that Hugo Games will deliver a positive EBITDA in Q4 2018 between DKK 0.1m and 5.0m.
Investor presentation of Annual Report 2017 and expectation of FY2018
Hugo Games A/S invites to join a conference call about the company's Annual Report 2017 on Wednesday 4th April at 11:00 CEST. We will also elaborate on our expectations to 2018. The conference call will be hosted by Hugo Games' CEO Henrik Nielsen.
The presentation can be accessed live at www.hugogames.com or direct link:
https://hugo.eventcdn.net/20180404
The presentation will also be made available at https://www.hugogames.com/investors/presentations/ after the live presentation.
To attend the live presentation, use the phone to listen and ask questions - or use the Live link (audio cast) to listen and follow the presentation on your computer or any smart-device, from anywhere in the world.
NB! It will now also be possible to ask questions using the Live Link on your computer or any smart-device.
Call in numbers:
NO: +47 23 50 02 54
DK: +45 35 44 55 83
SE: +46 85 66 42 661
UK: +44 2031 940 544
US: +1 855 269 2604
The participants will be asked for their name and company.
Hugo Games A/S
Henrik Nielsen, CEO of Hugo Games
E-mail: hn@hugogames.com
Phone: +45 27 200 200
About Hugo Games
Hugo Games is a mobile games publisher and developer located in Copenhagen and Nottingham. At Hugo Games we are honoured to cooperate with strong IPs as The Adventures of Tintin and premium sports brands as FC Barcelona, Liverpool FC and Paris St. Germain -- as well as soccer star Cristiano Ronaldo and skater icon Nyjah Huston. We are proud to expand the world of television hit series Vikings -- and we are thrilled to produce the official sequel to the legendary Doodle Jump. For more information see www.hugogames.com or contact Hugo Games CEO Henrik Nielsen +45 27 200 200