MGI continued its strong growth trajectory in the second quarter of 2022. Revenues increased 37%
year-over-year and adj. EBITDA increased by 38% year-over-year. Overall, the Company's organic
growth amounted to 18% year-over-year. While the challenging global macroeconomic conditions
led to some softness in revenue growth due to lower total industry ad spend, MGI's business model
with its integrated Ad Tech software platform and first-party content has enabled us to generate
solid financial performance in Q2 2022. We are in a market environment characterized by recession
fears, inflationary pressures, rising interest rates and ongoing supply chain disruptions, which have
already impacted corporate advertising spend as a result. In this environment, our key focus will
now be on organic revenue growth, further increasing our profitability while also engaging in cost
saving measures. We also plan for the realization of cost synergies concurrent with a deleveraging
strategy. Even though the outside environment has changed, we herewith confirm our forecast for
the full-year 2022 and expect revenues of EUR 295–315 million with adj. EBITDA of EUR 83-93
million,” says Remco Westermann, CEO & Chairman of MGI Group. mgi-se.com/investor-relations/...929917-1951927663.1660721016