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Net Gaming Europe AB (NETG.ST)

NETG.ST on Stockholm Stock Exchange

3.23SEK
15 Jul 2020
Change (% chg)

-0.04kr (-1.22%)
Prev Close
3.27kr
Open
3.27kr
Day's High
3.33kr
Day's Low
3.10kr
Volume
80,302
Avg. Vol
109,440
52-wk High
5.00kr
52-wk Low
1.79kr

Latest Key Developments (Source: Significant Developments)

Acroud Signs LOI To Buy PMG Group
Monday, 9 Nov 2020 

Nov 9 (Reuters) - Acroud AB ::ACROUD SIGNS LOI TO ACQUIRE THE PMG GROUP TO SOLIDIFY THEIR STRATEGIC POSITION AS "THE MEDIA HOUSE OF THE FUTURE".HAS SIGNED ANOTHER LETTER OF INTENT REGARDING ACQUISITION OF IGAMING ASSETS OF PMG GROUP.PMG IS EXPECTED TO GENERATE SALES OF APPROXIMATELY EUR 10.0-11.0M IN 2020 WITH AN EBITDA MARGIN OF APPROXIMATELY 10%.AGREEMENT COMPRISES A TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY EUR 5.5M AND AN EARN-OUT CONSIDERATION, WHICH IS CONTINGENT ON EBITDA ACHIEVED IN 2022.  Full Article

Acroud Expects Q3 Net Result To Fall To EUR 0.3 Mln
Tuesday, 13 Oct 2020 

Oct 13 (Reuters) - Acroud AB ::TRADING UPDATE FOR Q3 2020, SIGNING OF LOI IN SPORTS BETTING AND NEW STATE LICENCES IN USA.REVENUE IS EXPECTED TO AMOUNT TO EUR 2.4M IN Q3 2020, 33 PERCENT LOWER THAN IN Q2 2020 AND 31 PERCENT LOWER THAN IN Q3 2019..REPORTED EBITDA IS EXPECTED TO AMOUNT TO EUR 1.0M, 36 PERCENT LOWER THAN IN Q2 2020 AND 49 PERCENT LOWER THAN IN Q3 2019.EBITDA MARGIN FOR Q3 2020 IS EXPECTED TO BE 40 PERCENT..Q3 REPORTED PROFIT AFTER TAX IS EXPECTED TO AMOUNT TO EUR 0.3M, COMPARED WITH EUR -1.1M IN Q2 2020 AND EUR 1.1M IN Q3 2019.CASH POSITION AT 30 SEPTEMBER 2020 IS ESTIMATED AT EUR 2.1M.HAS SIGNED A LETTER OF INTENT (LOI) REGARDING ACQUISITION OF A FAST-GROWING LEAD GENERATION COMPANY WITHIN SPORTS BETTING.AGREEMENT COMPRISES A TOTAL PURCHASE CONSIDERATION OF APPROXIMATELY EUR 1.2M.POTENTIAL ACQUISITION IS EXPECTED TO ACCELERATE COMPANY'S GROWTH IN STRATEGIC FOCUS AREAS SUCH AS SPORTS BETTING AND EMERGING MARKETS..  Full Article

Net Gaming Makes UK Betting Acquisition
Tuesday, 2 Jul 2019 

July 2 (Reuters) - Net Gaming Europe AB ::NET GAMING MAKES UK BETTING ACQUISITION.NET GAMING MAKES UK BETTING ACQUISITION.HAS ACQUIRED MAXFREEBETS.CO.UK.NET GAMING IS PAYING AN INITIAL PURCHASE CONSIDERATION OF EUR 1.6 MILLION.ACQUISITION WILL BE SETTLED IN CASH FROM EXISTING RESERVES, WITH COMPLETION ON 1 JULY 2019..  Full Article