EG7 - Solid launch of Palia overshadowed by negative FX

Redeye updates on EG7 after weaker-than-expected Q2-results, where a solid performance of Palia was overshadowed by negative FX and temporary increased opex in relation to the launch of the game for consoles. While Q2 was soft, we see potential for stronger results in H2 supported by Palia and the upcoming release of the Cold Iron game project, although the final release date of the latter remains uncertain.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/