Earnings release
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Digital Bros digital entertainment PRESS RELEASE The Board of Directors of Digital Bros Group approves the Half Year Financial Report as at December 31st , 2020 ( first half of the financial year 2020 – 2021 ) FIRST HALF RESULTS : • REVENUES AT € 82.4 MILLION ( + 21 % ) • 96 % OF REVENUES REALIZED ON INTERNATIONAL MARKETS AND 85 % ON DIGITAL MARKETPLACES • EBIT QUINTUPLED AT € 20 MILLION • NET PROFIT OF € 16 MILLION • POSITIVE NET FINANCIAL POSITION OF € 14.4 MILLION Consolidated Gross Revenues of € 82.4 million , compared to € 67.9 million on December 31st , 2019 ( + 21.4 % ) 96 % of revenues realized on international markets and 85 % on digital marketplaces ✓ EBITDA at € 35.6 million , significantly increased compared to € 10.2 million on December 31st , 2019 EBIT of € 20 million , compared to € 4 million on December 31st , 2019 Profit before tax of € 22.2 million , a significant increase compared to € 3.7 million on December 31st , 2019 ✓ Net profit increased to € 16 million , compared to € 1.9 million on December 31st , 2019 Positive net financial position of € 14.4 million ( € 20 million excluding the IFRS 16 effect ) , increased by € 11.8 million compared to the end of the previous period RESULTS FOR THE FIRST HALF OF FINANCIAL YEAR 2020-2021 ( AT 31.12.2020 ) Euro thousand 31.12.20 31.12.19 Change Change % Gross revenues 82,381 67,850 14,531 21.4 % Gross operating margin ( EBITDA ) 35,605 10,153 25,452 n.m. Operating margin ( EBIT ) 19,916 4,049 15,867 n.m. Profit / ( loss ) before tax 22,153 3,649 18,504 n.m. Net profit / ( loss ) 15,850 1,938 13,912 n.m. Milan , March 9th , 2021 - The Board of Directors of Digital Bros Group ( DIB : MI ) , which is listed on the STAR segment of Borsa Italiana and operates in the videogames market , today approved the Half Year Financial Report for the period ended December 31st , 2020 ( first half of the fiscal year from July 1st , 2020 to June 30th , 2021 ) . Digital Bros Group's key consolidated results for the first half of financial year 2020-2021 , together with prior period comparatives , are as follows : • Consolidated gross revenues increased to € 82.4 million , compared to € 67.9 million on December 31st , 2019 ( + 21.4 % ) ; EBITDA of € 35.6 million , significantly increased compared to € 10.2 million on December 31st , 2019 ; • • EBIT of € 20 million , significantly increased compared to € 4 million on December 31st , 2019 ;