InnoGames is a great business with great products, and is already performing above our expectations when we made our original investment. Jørgen Madsen Lindemann, MTG President and CEO: “Revenues in the global gaming industry are expected to reach USD 113 billion by 2018, and mobile and PC games represent 45% of this and are the fastest growing segment. InnoGames reported an EBITDA margin of approximately 20% and an EBIT margin of approximately 16% in 2016. The acceleration is being driven by the mobile gaming segment, with more than half of all new InnoGames user registrations being on mobile platforms, and several new mobile-only titles currently in development. InnoGames has generated compound annual revenue growth of more than 20% over the past three years, and 25% growth in 2016 to EUR 130 million. MTG will fully consolidate InnoGames with effect from May 1. MTG has invested EUR 82.6 million for the additional shares, based on the same enterprise value of EUR 260 million for 100% of the business as for the original investment. InnoGames is the creator of six successful online games including Forge of Empires, Tribal Wars and Elvenar. MTG announced its initial 21% investment in Hamburg-based InnoGames in October 2016. MTG has increased its ownership in InnoGames, the developer of browser and mobile games, to 51%. ![]() ![]() InnoGames generated 25% revenue growth to EUR 130 million in 2016 with an EBITDA margin of approximately 20% and EBIT margin of approximately 16%.MTG invests EUR 82.6 million to increase shareholding in InnoGames from 21% to 51%.MTG increases Ownership in Online Games Developer InnoGames
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