GDEV Announces Results for Third Quarter and First Nine Months of 2023 Limassol, Cyprus, Nov. 21, 2023 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”) released its unaudited financial and operational results for the third quarter and nine months ended September 30, 2023. Third quarter 2023 highlights: Revenue of $121 million declined by 5% year-over-year though grew 6% compared to the previous quarter.Bookings of $102 million declined by 6% year-over-year.Total comprehensive income of $24 million declined by...
HEADLINES: • Allegro: eBay approaching Polish market (again) NEGATIVE • Dino: 66 new stores added in 1Q22 (shopping space +23% yoy) POSITIVE • European oil and gas monthly: March 2022 • Wizz Air: flying pre-pandemic capacity in March POSITIVE • Polish utilities: Treasury Minister comments on rethinking long-term energy strategy • Wirtualna Polska: to invest PLN 19.8m in Restaumatic NEUTRAL • Benefit Systems: end-1Q22 active cards just in line with the preliminary data NEUTRAL • Turkish automot...
EME Equity Market – February 2022 Market performance – Russia’s equities bled in February due to the country’s invasion of Ukraine. The MSCI EME Europe Index declined by 38.7% in EUR terms and 38.8% in USD terms. Russian stocks, represented by the MOEX Index, lost the most in February, declining by 34.6% in EUR terms and 30.0% in RUB terms. The Hungarian BUX Index lost 21.8% in EUR terms and 18.2% in HUF terms; while the Polish WIG20 Index declined by 11.7% in EUR and 9.5% in PLN. In Prague, the...
Russia’s invasion of Ukraine has led to unprecedented dislocations of capital and resources, on top of human tragedies. The sanctions imposed, by the world’s key nations, on Russia, its politicians, institutions, companies and businessmen, as well as the counter-measures introduced by the Russian government, are wide-ranging and continue to be imposed on a daily basis. The most severe sanctions are related to the freezing of the CBR’s FX reserves, as well as the freezing of non-residents’ assets...
HEADLINES: • Santander Bank Polska: neutral numbers, but extraordinarily strong NII delivery • Raiffeisen Bank International: strong 4Q21 delivery, but cautious 2022E outlook • Akbank: 4Q21 highlights and 2022E targets • CCC: 4Q prelims below (conservative) expectations NEGATIVE • Eurocash: retail division may be sold to Maxima, according to local media POSITIVE • AmRest: Burger King terminates development agreement NEGATIVE • Czech Republic macro: first estimate of 4Q GDP better than expecte...
EME Equity Market – January 2022 Market performance – Russia’s equities lost 9.3%, while Turkish and Hungarian stocks advanced 8.6% and 9.3%, respectively, in January. The MSCI EM Europe Index declined 4.5% in EUR terms and 5.9% in USD. Hungary’s equities were the best performers in January, adding 9.3% in EUR and 5.4% in HUF terms; followed by Turkish equities, with an 8.6% gain in EUR and an 8.8% gain in TRY. In Greece, the ASE Index added 4.9%, while the PX Index, the Czech benchmark, gained ...
HEADLINES: • Purcari Wineries: more wine, please (BUY - transfer of coverage) • Mytilineos: solid 2021, but expecting an even stronger 2022E • Polymetal: 4Q21 operating results - production guidance beat, but 2022E capex guidance +15% NEGATIVE • Komercijalna Banka: results review - 2H21 net income of MKD 1.5bn, ROE of 15.5% POSITIVE • Kazatomprom: 4Q21 operating update NEGATIVE • Nexters: acquires three gaming companies for USD 100m POSITIVE • Transgaz: 2022E budget sees contracting net profit...
Nexters has entered agreements to acquire three gaming companies, investing USD 100m (c.6% of its market cap) to expand in midcore genres and diversify its portfolio further. The company plans to accelerate its product growth and consolidation strategy. Nexters will finance this transaction using a mix of cash on balance and a new share issuance. The company may issue up to 1.4m new shares to partially finance the transaction, which is less than 1% of the total shares outstanding. The company ha...
Nexters enters agreements to acquire three gaming companies investing $100 million to expand in midcore genres LIMASSOL, Cyprus, Jan. 27, 2022 (GLOBE NEWSWIRE) -- An international gaming company Nexters Inc. (Nasdaq: GDEV) announced its first-ever series of acquisition and investment deals as a publicly traded company in relation to Cubic Games, RJ Games, and Royal Ark. With a total upfront investment of around $100 million, Nexters will bring the world’s No. 3 mobile first-person shooter Pixel Gun 3D and other titles within its product offering, amplifying Nexters’ position in midcore, t...
EME Equity Market – December 2021 Market performance – despite most markets being in the black, MSCI EM Europe declined by 1.7%. The MSCI EM Europe Index declined by 1.7% in EUR terms and 1.0% in USD terms. The Czech PX Index continued with its solid performance and advanced by 7.7% in EUR terms and 5.1% in CZK. The Romanian BET Index added 7.1% in both EUR and local currency. Turkish equities, represented by the ISE30 Index, grew 5.3% in EUR and 4.2% in TRY. Poland’s WIG20 Index gained 4.8% in ...
EME Equity Market – November 2021 Market performance – most markets down, with Czech PX Index (+3.0%) the exception. The MSCI EM Europe Index lost 8.9% in EUR terms and 10.7% in USD in November. Prague’s PX Index added 3.0% in EUR terms and 2.3% in local currency, followed by the Romanian BET Index, which declined 3.2% in both EUR and RON terms. Greece’s ASE Index declined by 3.4% in EUR terms, while Hungary’s BUX Index declined by 6.2% in EUR and 5.0% in HUF. The Russian MOEX Index declined 8.6...
HEADLINES: • Greek banks: open for business (Alpha Bank, Eurobank and NBG stay BUY, Piraeus Bank upgraded to BUY) • EME Macro/Strategy: Kazakhstan - faster growth in 2022E, as privatisations resume • Terna Energy: 9M21 results review - adjusted net profit up 17% yoy • Eurocash: PLN 76m fine from antimonopoly watchdog NEGATIVE • Shoper: almost 1,000 new merchants join Shoper platform in November POSITIVE • CEZ: regulated revenues to grow 3.6% for 2022 NEUTRAL • European natural gas monthly: N...
Nexters launches Island Questaway, a new adventure game, to increase casual gaming share LIMASSOL, Cyprus., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Nexters Inc. (Nasdaq: GDEV), an international game development company which strives to introduce the joy of core gaming experiences to casual players, has soft launched Island Questaway, a new casual game previously available under the working title Puzzle Island, on iOS and Android. Download Island Questaway from and . This new title continues Nexters’ efforts to grow its presence in the casual gaming market in addition to the midcore segment w...
HEADLINES: • HeadHunter: entering the gig economy (stays BUY) • GTC: share price detached from earnings (stays BUY) • Bank of Cyprus: a visible turnaround (stays BUY) • PZU: posts solid set of 3Q21 results, but in line with expectations NEUTRAL • Tauron: 3Q21 results review - fully in line with prelims NEUTRAL • Nexters: 3Q21 financial results review NEUTRAL • Mobile TeleSystems: 3Q21 - decent results, 5% yoy OIBDA growth; 2021E OIBDA growth guidance upped NEUTRAL • Mobile TeleSystems: key ta...
Nexters Continues to Demonstrate Substantial Growth in Q3 2021 LIMASSOL, Cyprus, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Nexters Inc. (NASDAQ: GDEV), an international game development company which strives to introduce the joy of core gaming experiences to casual players, today announced its unaudited financial and operational results for the third quarter of 2021. Third Quarter 2021 HighlightsFinancial: Record high quarterly revenues of $115 million, growing 77% year-over-yearNon-cash non-recurring listing expense of $125 million caused net loss in the third quarter of 2021 which amounted to...
HEADLINES: • NLB Group: More to go (stays BUY) • Rosneft: 3Q21 results and conference call takeaways POSITIVE • VK: Sberbank to divest its indirect stake in VK • Bittnet Systems: 3Q21 results review - record strong EBITDA and net profit, inflated by one-offs POSITIVE • Electrica: net loss in 3Q21 on weaker distribution and supply results than expected NEGATIVE • Fondul Proprietatea: Hidroelectrica 3Q21 net profit up 91% yoy • Purcari Wineries: strong 3Q21, boosted partially by one-offs POS...
Nexters Inc to Announce Third Quarter 2021 Financial Results on November 17, 2021 LIMASSOL, Cyprus, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Nexters Inc. (NASDAQ: GDEV) an international game development company which strives to introduce the joy of core gaming experiences to casual players, today announced that its financial results for the third quarter and nine months ended September 30, 2021 will be released on Wednesday, November 17, 2021. Nexters will host a conference call and webcast to discuss its results at 09:00 a.m. U.S. Eastern Time (5:00 p.m. Moscow time, 2:00 p.m. London time) t...
Nexters Inc to Announce Second Quarter 2021 Financial Results on September 22, 2021 MOSCOW, Sept. 17, 2021 (GLOBE NEWSWIRE) -- Nexters Inc. (NASDAQ: GDEV), an international game development company which strives to introduce the joy of core gaming experiences to casual players, today announced that its financial results for the second quarter and half-year ended June 30, 2021 will be released on Wednesday, September 22, 2021. Nexters will host a conference call and webcast to discuss its results at 10:00 a.m. U.S. Eastern Time (5:00 p.m. Moscow time, 3:00 p.m. London time) the same...
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