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Maximum Entertainment Interim Report Q4 2023

MAR

Stockholm, Sweden (February 15, 2024) – Maximum Entertainment (Nasdaq: MAXENT B) Net Sales for the quarter amounted to MSEK 393.9 and MSEK 1,146 for the full year 2023. EBITDA before balance sheet adjustments to Earn-outs for the quarter amounted to MSEK 61.2 and MSEK 131.6 for the full year 2023, an increase of 41% year on year. Gross margin as a percentage of Net Sales for the full year amounted to 31.5%, up from 27.9% in 2022.

SUMMARY OCTOBER – DECEMBER 2023

  • Net Sales for the quarter amounted to MSEK 393.9 (MSEK 412.6 in Q4 2022) and MSEK 1,146 for the full year 2023 (MSEK 1,138 in 2022)
  • EBITDA from operations for the quarter amounted to MSEK 61.2 (MSEK 31.6 in Q4 2022) and MSEK 131.6 for the full year 2023 (MSEK 93.4 in 2022)
  • EBITDA for the quarter amounted to MSEK 40.4 (MSEK 33.0 in Q4 2022) and MSEK 214.3 for the full year 2023 (MSEK 94.8 in 2022)
  • Operational EBIT for the quarter amounted to MSEK 41.5 (MSEK 22.8 in Q4 2022) and MSEK 77.1 for the full year 2023 (MSEK 68.5 in 2022)
  • EBIT for the quarter amounted to MSEK -7.7 (MSEK -27.2 in Q4 2022) and MSEK -80.1 for the full year 2023 (MSEK -61.7 in 2022)
  • Cash flow from operating activities before the change in working capital for the quarter amounted to MSEK 11.3 (MSEK -8.6 in Q4 2022) and MSEK 13.1 for the full year 2023 (MSEK 39.7 in 2022)

HIGHLIGHTS DURING THE FOURTH QUARTER

Game Launches

  • Smalland: Survive the Wilds Amber Valleys content update
  • Spells and Secrets
  • Super Animal Royale Season 10

Game Announcements

  • Diesel Legacy: The Brazen Age Playtest
  • Spirit of the North 2
  • Wild Bastards
  • Squirrel with a Gun
  • Double Dragon Gaiden: Rise of the Dragons Online Coop update

Corporate

  • Carnegie Investment Bank AB (formerly Erik Penser Bank) engaged as liquidity provider

HIGHLIGHTS AFTER THE FOURTH QUARTER

  • New Partnership and Updates to Portfolio
  • Portzamparc (BNP Paribas Group) and TP IPAC have initiated coverage
  • Smalland: Survive the Wilds v1.0 release date announcement

This report, together with previously published reports, is available on the Maximum Entertainment webpage: https://maximument.com/investor-relations/

This information is information that Maximum Entertainment is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-15 07:30 CET.

For More Information, please contact:

Christina Seelye, CEO
E-mail: ceo@maximument.com | Tel: +46 8 490 094 98

Deborah Bellangé, CFO
E-mail: cfo@maximument.com | Tel: +46 8 490 094 98

For more information regarding the company and investments, please contact ir@maximument.com.

Certified Adviser
Augment Partners AB, info@augment.se, tel +46 (0) 8 604 22 55, is Maximum Entertainment AB's Certified Adviser.

About Maximum Entertainment

Maximum Entertainment is a global entertainment company dedicated to crafting indie to AA video game experiences through original content and licensed partnerships. A fully integrated group with a broad portfolio of content, the company emphasizes collaboration and inclusivity in its partnerships to produce the highest level of interactive entertainment. With more than 300 titles in its catalog, Maximum Entertainment has joined forces with talented creators and renowned franchises around the globe to deliver magic to the gamer in everyone. Maximum Entertainment employs more than 200 professionals across the entire value chain of video games including development, publishing, transmedia, sales, and operations. Visit Maximum Entertainment at www.maximument.com. 

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Datum 2024-02-15, kl 07:30
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ENG Maximum Entertainment Earnings Report Q4 2023
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