Digital Bros, revenues up to 89.2 million in the first 9 months of the year

Digital Bros expects revenue growth for the full year

(Tiper Stock Exchange) – Digital Brosa group active in the videogames market and listed on Euronext STAR Milan, has registered consolidated net revenues equal to 89.2 million euros in the first nine months for the period from 1 July 2022 to 30 June 2023, up by 7.5% compared to the data recorded as at 31 March 2022.

L’EBITDA is equal to 30.5 million euros, compared to 31.5 million euros as at 31 March 2022 and equal to 34.2% of consolidated net revenues. The Net income is 15.7 million euros, unchanged compared to 31 March 2022.

There net financial position it is negative for 21 million euros (15.2 million net of the IFRS 16 effect), in line with expectations and the effect of the significant investments.

The group expects to exceed 80 million euros of investments in the whole year and according to this revenues are expected to grow at least for the next two years.

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