Stillfront Group: Q1 preview, a Goodgame quarter

Research Note

2018-05-24

11:52

Stillfront Group will release their report for the first quarter of 2018 on the 29th of May. This will be the first quarter after the consolidation of Goodgame Studios so it will be extra interesting to follow the financial development. The company has already released the user statistics for the period with only minor deviation from our projections. We named our last research update “Revaluation is in order,” and the share has advanced more than 30% since we published the update. In our view, the strong share performance has been motivated. Our Base-case valuation currently stands at 258 SEK per share.

KL

TO

Kristoffer Lindström

Tomas Otterbeck

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