Global Gaming’s 2019 profits declined by under 200% with a record drop in its full-year financial figures.

Revenue for the period amounted to SEK 57.5 (236.4) million.Operating profit was SEK -26.6 (18.0) million.

Profit after tax for the period was -31.6 (16.1) mkr, or SEK -0.77 (0.39) per share. Operating profit before non-recurring write-downs was SEK -107.1 (148.6) million.

Tobias Fagerlund CEO said, I ended my previous CEO message saying that we look brighter at the future than we have done in many months. This is a statement that I would like to repeat now as we sum up 2019 and look ahead to 2020.

During the period, our efforts to create the conditions to succeed with our short- and long-term goals have continued unabated. We have completed the technical migration to Finnplay’s platform, fine-tuned a partially new and much smaller organization, regained control of our costs and – not least – internally anchored, launched and started delivering according to the ambitious road-map that followed this autumn’s extensive strategy work.

What does this mean in practice? As a shareholder, what can you expect this to result in and when? In the long term, in a few years’ time, our strategic goal is to take back and pass what we lost in 2019. Our vision, which can be repeated, is to be a truly global player that delivers high-quality products and returns by being responsible, taking data, and knowledge-based decisions and by delivering quality on time. In the short term, 2020, our goal is, all else being equal, to once again be a lucrative and profitable company. Our first intermediate goal is to be at least break-even again in the first half of the year and then to deliver continuously increasing black numbers.