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MGI – Media and Gaming Investments (ETR:M8G) Full Year 2023 Results
Main financial results
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Revenue: €419.4 million (+19% compared to 2022).
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Net profit: 46.7 million euros (up from a loss of 20.3 million euros in 2022).
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Margin: 11% (up from 2022 net loss).
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EPS: €0.29 (up from loss of €0.13 in 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
MGI – Media and Gaming Investment Revenues and Profit Exceed Expectations
Sales exceeded analysts’ expectations by 5.9%. Earnings per share (EPS) also exceeded analyst expectations by 25%.
Looking ahead, revenue is expected to increase by an average of 2.8% per year over the next three years, compared to a growth forecast of 4.0% for the German media industry.
performance of German media industry.
The company’s stock price has increased 20% from a week ago.
risk analysis
The ever-present concern of investment risk must be taken into account. We’ve identified 3 warning signs for you MGI – Using and understanding media and gaming investing (at least two concerns) should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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