Thursday, August 25, 2016

CD Projekt expected synergies between the GOG Galaxy and the studio … – Banker

CD Projekt expected synergies between the GOG Galaxy and studio
 Red developer as part of the game “thread” and in subsequent projects the group,
 CEO Adam Kiciński.
 

 

“GOG has improved year on year sales results. In the past period of the current
 we obtained the first visible result of our technology GOG
 Galaxy. Thanks to it, we sold through the channel digital more additives,
 especially ‘Blood and Wine’ than the game “The Witcher 3 ‘a year ago.
 The application allowed the Galaxy players with the boxed version of purchase
 additives for GOG “- said Kiciński during a press conference.

 

He noted that CD Projekt aims to achieve synergy between segments.


 

“We will show this effect in the game ‘thread’. GOG Galaxy offers an opportunity
 cross play, profiled online services under the gameplay, a multiplayer mode.
 Each of our segments will focus on what he does best. This
 Direction will be held also in other projects. Galaxy
 our structure is responsible for the online “- added the CEO of CD Projekt.

 

Member of the management board. Financial Piotr Nielubowicz, pointed out that
 significant additions to the sales of The Witcher 3 ‘in the digital channel has improved
 gross margins in the first half.

 

The Group achieved after the first half of 42% of net profitability of which is
 very happy. Nielubowicz pointed out that CD Projekt from the past
 half shows the expenditure on fixed assets in the game and they will be
 amortized.


 

“You can see now how much we spend on current productions games, or nearly 29
  million in the first half, which is associated with an increased scale of operations and
  more production. The two biggest projects in the course of this’ Cyberpunk
 2077 ‘and’ thread ‘, “- said a member of the board of CD Projekt.


 

Receivables group amount to 103 million zł, cash 504 million zł, and
 Operating cash flow reached 140 million after the first six months
 year.


 

The CD Projekt Group includes: CD Projekt RED – developer of games
 Video RPG and GOG – a global platform for digital distribution
 games.

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