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7/2020 „COMMUNICATION CONCERNING THE ESTIMATED DATE OF ACHIEVING RETURN ON INVESTMENT IN SNIPER GHOST WARRIOR CONTRACTS”

By 30 May 2021No Comments

Current report 7/2020

Subject: 17/2020 Communication concerning the estimated date of achieving return on investment in Sniper Ghost Warrior Contracts

The Management Board of CI Games S.A. with a registered office in Warsaw (“the Company”) hereby informs that the expenditures for production and marketing of the Sniper Ghost Warrior Contracts game until the first quarter of year 2020 have been estimated to reach PLN 35 million. The marketing expenditures included the promotion costs related to the “reminder” of the Sniper brand and participation in the E3 fair. The Company issued the game Sniper Ghost Warrior Contracts independently, and the sales data presented in the report correspond with the value of sales, achieved directly by the CI Games S.A. Capital Group. At the estimated game sales level of PLN 39 million in the period from the premiere date (22.11.2019) until 31.03.2020 and at the cost of manufacturing of physical copies of the game amounting to PLN 9 million, the accumulated gross margin has been estimated to be PLN 30 million (excluding amortization costs) in this period.

The Management Board has estimated that the Sniper Ghost Warrior Contracts would reach the break-even point, or the total return on investment, no later than in the 3rd quarter of 2020.

This information has been recognized as confidential due to its substantial significance for the Company. Legal basis: art. 17 section 1 in association with art. 7 section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse (MAR).