Enad Global 7 AB (publ) (EG7) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this Q1 earnings call with EG7. My name is Ludvig Andersson and I will be your moderator during this call. Together with me to present, we have the company's CEO, G. Hum, and Deputy CEO and CFO, Fredrik Ruden. After the presentation, we will have a short Q&A session, so please feel free to email your questions to the Investor Relations email. But now, without any further ado, over to you, G. Great. Thanks, Ludvig. Let's go to the first slide. We're off to a great start this year. Q1 is off to a nice start with 455 million SEC of net revenues, which represents a 19% growth year over year from last year. Same thing for adjusted EBITDA, also grew by 19% to 74 million SEC, 16% margin, maintaining the same margin as last year. Next slide, please. Some of the highlight for the quarter, it's a great quarter for Fireshine leading the charge with net revenue coming in with 214% growth year over year, largely driven by the robust physical release state for the period. We have Sniper Elite resistance from Rebellion, I'm also the first berserker Kazan from next on both double a highly acclaimed titles that perform really well. That catalog portfolio portfolio for Firesharing continues to perform well with core people leading the way 70% growth year over year. Also completed successfully a placement of our bond offering raised 350 million sec of unsecured bonds three year term with a coupon of Stybor plus 625 basis points. and we have up to a billion SEC of potential borrowing there to the extent necessary, and we have an opportunity for use. It does improve our liquidity quite significantly and provides that flexibility that we've been looking for as we're searching to accelerate growth with M&A and investment targets. Additionally, we did complete ou...