All publications by tag «CD Projekt»

Industry

Investor CD PROJEKT demanded to remove the management. All because of the fall in the value of the company by 57%

Top managers of CD PROJEKT demanded to vacate their positions. The British firm Abri Advisors, which owns an unspecified stake in the Polish publisher, sent a letter to its board of directors. In it, she delivered an ultimatum: either CEO Adam Kicinski and his deputy Marcin Ivinsky leave, or Abri Advisors will raise the issue of removing the entire board of directors.
Money

CD Projekt expects record revenue in 2020. It can be 2.6 times higher than in the year of release of The Witcher 3

About a week remains until the publication of CD Projekt‘s annual report on the results of 2020, but the Polish holding is already impatient to share a couple of preliminary figures. The creators of Cyberpunk 2077 said that last year the company’s earnings increased more than two and a half times compared to the record 2015. Recall that it was then that they released The Witcher 3: Wild Hunt.
Analytics

Polish analysts have reduced the valuation of CD Projekt shares by almost half — to $58 apiece

In its latest report, the Polish firm DM BOŚ estimated the value of CD Projekt shares at only 231 Polish zloty ($58.7) apiece. Analysts called the creators of Cyberpunk 2077 the “most hated” studio in the world and lowered the forecast for sales of the company’s games. However, they believe that developers have a chance to return to previous heights.Update: In the DM BOŚ estimate, we are talking about the stock price per share.