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Gaming Innovation Group Q2: As we have come to expect, solid as usual - SEB

Gaming Innovation Group reported sales of EUR 31.1m and adjusted EBIT of EUR 6.6m with a margin of 21%. Organic growth of 22 % (Media 20% organic, Platform 27% organic). Strong report overall. Another ATH revenues for GIG media. GIG guiding for FY 2023 sales of EUR 125-130m and EBITDA margins of 47-50% (EUR 58-65m, in line with our sales forecast of EUR 125m but 16-27% above our EBITDA forecast of 51m. Reiterate mid-point of SEK 41.

Gaming Innovation Group reported sales of EUR 31.1m and adjusted EBIT of EUR 6.6m with a margin of 21%. Organic growth of 22 % (Media 20% organic, Platform 27% organic). Strong report overall. Another ATH revenues for GIG media. GIG guiding for FY 2023 sales of EUR 125-130m and EBITDA margins of 47-50% (EUR 58-65m, in line with our sales forecast of EUR 125m but 16-27% above our EBITDA forecast of 51m. Reiterate mid-point of SEK 41.
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