Edison Investment Research - Game Digital (GMD) Switch supply impacts short term results

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Edison Investment Research

Switch supply impacts short term results

Game Digital has acknowledged that UK supply shortages for the highly successful Nintendo Switch console will have an impact on results in the second half of FY17. This is by nature a timing issue and other aspects of management’s transition strategy remain on course. We have placed our forecasts under review.

30/06/2017 2 EN

Underlying

Game Digital

Game Digital provides gaming and gaming-related products, including hardware, console physical content, console digital content, non-console digital content, accessories, licensed merchandise and own-label products in the U.K. and Spain. Co. also sells mobile devices and movies, provides gaming experiences in-store on consoles, personal computers and virtual reality devices and operates community-based gaming activities including gaming events and esports, digital hosting services for businesses and customers for multiplayer gaming. Also, Co. operates a software development business focusing on visual recognition and augmented reality technologies. At Jul 31 2017, Co. operated 572 stores.

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GB00BMP36W19 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Switch supply impacts short term results

Game Digital - Suspension of estimates

Game Digital - Good performance in a challenging market

Game Digital - Resilience over the peak trading period

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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