Enad Global 7 AB (publ)

Good morning, and welcome to this Q4 earnings call with EG7. My name is Ludvig Andersson, and I will be your moderator during this call. Together with me to present, we have the company's CEO, G. Hamm, and Deputy CEO and CFO, Fredrik Ruden. After the presentation, we will have a short Q&A session, so please feel free to email your questions to the company's investor relations email. But now, without any further ado, over to G. Thanks, Ludvig.

Thank you all for joining. Good morning. Let's go to the first slide. Q4 key performance figures here. We had a nice quarter to finish out the year. Best quarter for 2024. Net revenues came in at 513 million SEC and adjusted EBITDA at 129 million SEC. Favorable comparison against 2023 same period. Net revenue grew by 8.4%. Adjusted EBITDA was up by 31% and adjusted EBITDA margin at 25% compared to 21% last year. Operating cash flow for the quarter came in at $196 million compared to $101 million comparable period. And we ended the year with strong liquidity position with $322 million of cash. Next slide, please. Key drivers for the quarter was led by MechWarrior 5 Clans release mid Q4. Fireshine also delivered a solid result with Core Keeper continuing to show strength in Q4 after its version 1.0 release in Q3. Daybreak contributed with its batch of annual expansion packs for EverQuest, EverQuest 2, and LOTRO. My Singing Monster from BigBlueBubble is continuing to stabilize at a nice level. and finished out the year with a strong and highly engaged performance with content releases coming out throughout the quarter. Overall, Q4 results were expected to be a higher result with Q4 adjusted EBITDA representing about 40% of the four-year total. And typically, Q4 results are our peak order because of the seasonality. But this year, further accentuated with a new pipeline of games coming out of Fireshine as well as NetWarrior by Clans, which boosted our results in Q4.

Next slide, please.