Global Gaming 555: First comment Q2, cutting costs
Global Gaming´s Q2 sales were in-line with expectations. However, the company decreased its marketing spend more than expected, leading to a better profit margin than expected. Global Gaming also announced that it will decrease its workforce, including consultants, during H2 2019. Moreover, the cash position amounted to SEK 200m by the end of Q2, making Global Gaming able to handle several quarters of losses.