In twelve months, the price of one share of G5 Entertainment has increased from 33.6 Swedish kronor ($4) to 302 Swedish kronor ($36.1).
We are talking about the period from July 14, 2016 to July 13, 2017.
Dynamics of the growth of the G5 Entertainment stock price (July 2016 – July 2017)
Thanks to this, the company outperformed all other Swedish public companies in terms of capitalization growth in 2016 and according to the results of the first half of 2017,” he noted in a comment for App2Top.ru Vlad Suglobov, one of the founders and CEO of G5.
“We don’t have statistics for the whole of Europe, but if there were, I’m sure we would also be at the very top. According to the results of the second quarter of 2017, G5 became the largest public gaming company in Sweden by turnover, if you look at the turnover over the past 12 months,” Suglobov adds.
G5 Entertainment’s neighbors on the Swedish stock exchange are Paradox Interactive (market capitalization of $868 million) and Starbreeze (market capitalization of $494 million). But, according to Vlad, unlike G5, they are not placed on the main Nasdaq Stockholm site, but on First North, an alternative trading platform created to facilitate access to the market for growing firms.
The reason for the growth of Suglobov calls “the success and growth of sales of his own games and games created in cooperation with partners.” Among the main titles of the company , the director of G5 highlights: Hidden City, Mahjong Journey, Supermarket Mania Journey, The Secret Society and Survivors.
As we wrote earlier, G5 forecasts revenue of $32.7 million in the second quarter of 2017, which is 165% more than in the second quarter of last year. “And the growth continues if you look at the positions of our games in the charts or the available analytics,” says Vlad.
In terms of capitalization, G5 Entertainment has reached the $300 million mark. For comparison, Glu Mobile’s market valuation is $346 million.
CEO of G5 Entertainment
G5 also notes that due to the increase in the value of shares, the company entered the index of the GAMR fund, which invests in shares of gaming companies, including Activision Blizzard, Konami, Nintendo, Zynga, Ubisoft and other companies related to gaming technologies.
The company shares its success with its employees. According to Olga Abashova, HR Director of G5, the company’s option program has recently been expanded (up to 100 employees), and the leading specialists of all project teams of the company have received options. Some employees who have been participating in the options program for a long time have now become millionaires.
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