Earnings release
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Digital Bros digital entertainment PRESS RELEASE The Board of Directors of Digital Bros Group approves the Third Quarterly Report for the period ended March 31st , 2021 ( first nine months of the financial year 2020-2021 ) FIRST NINE MONTHS RESULTS : • REVENUES AT € 115.4 MILLION ( + 16.4 % ) • 96 % OF REVENUES REALIZED ON INTERNATIONAL MARKETS AND 87 % ON DIGITAL MARKETPLACES • EBIT MORE THAN DOUBLED AT € 25 MILLION • NET PROFIT OF € 20.3 MILLION • POSITIVE NET FINANCIAL POSITION OF € 22.8 MILLION • NET EQUITY ABOVE € 100 MILLION ✓ Consolidated Gross Revenues of € 115.4 million , compared to € 99.1 million on March 31st , 2020 ( + 16.4 % ) 96 % of revenues realized on international markets and 87 % on digital marketplaces EBITDA at € 45.9 million , significantly increased compared to € 20.6 million on March 31st , 2020 EBIT of € 25 million , significantly increased compared to € 10.2 million on March 31st , 2020 Profit before tax of € 28.3 million , a significant increase compared to € 9.9 million on March 31st , 2020 Net profit increased to € 20.3 million , compared to € 6.4 million on March 31st , 2020 Positive net financial position of € 22.8 million ( € 28 million excluding the IFRS 16 effect ) , increased by € 20 million compared to the end of the previous period ✓ Net equity above € 100 million Adoption of January 31st , 2020 new Corporate Governance Code Ordinary Shareholders ' Meeting convened for June 15th , 2021 RESULTS FOR THE FIRST NINE MONTHS OF FINANCIAL YEAR 2020-2021 ( AT 31.03.2021 ) Euro thousand Gross revenues Gross operating margin ( EBITDA ) Operating margin ( EBIT ) Profit / ( loss ) before tax Net profit / ( loss ) 31.03.21 31.03.20 Change Change % 115,427 99,143 16,284 16.4 % 45,864 20,565 25,299 n.m. 24,973 10,207 14,766 n.m. 28,302 9,932 18,370 n.m. 20,269 6,381 13,887 n.m.