Redeye: EG7 - Service business hampered by soft market, outlook for games business remains strong
Redeye updates on EG7 post Q1-results which were weaker than expected owing to soft performance in the service business while the games business performed close to expectations. The company reiterates its full year guidance while also highlighting increased uncertainty owing to a weaker market environment. We lower our estimates but see solid growth potential ahead as the company’s ongoing investments start to generate income.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/