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G5 Entertainment Q3: Weaker EBIT due to large write-off - SEB

G5 reported sales of SEK 359.9m, 1.5% vs SEB of SEK 355. Earnings looked weaker than expected, but included a large write-off of SEK 75 related to the game pipeline and adjusted for one-off EBIT was SEK 49m vs SEB 48m. The company gave some guidance on Q4 and said that we should expect EBIT margins of 13-15% with a "normal" UA spend of 17-22%. This should trigger some negative estimate revisions.

G5 reported sales of SEK 359.9m, 1.5% vs SEB of SEK 355. Earnings looked weaker than expected, but included a large write-off of SEK 75 related to the game pipeline and adjusted for one-off EBIT was SEK 49m vs SEB 48m. The company gave some guidance on Q4 and said that we should expect EBIT margins of 13-15% with a "normal" UA spend of 17-22%. This should trigger some negative estimate revisions.
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