InnoGames’ strategic realignment aims to accomplish three key objectives:

1. Adapt a structure that will help the studio accelerate the development and launch pace of new games and explore more innovative game concepts
2. Empower and refocus the teams that drive evolution and performance of key existing games
3. Optimize the studio’s cost base to strengthen its ability to reinvest in future growth projects

Unfortunately, this process will result in 75 roles at InnoGames being made redundant.

MTG’s Group President and CEO Maria Redin comments:

“InnoGames is transforming the company to adapt to a fast-changing landscape that requires the studio to be faster, leaner and more agile in order to remain competitive. Their leadership team has had to make tough choices, which unfortunately have resulted in the studio needing to reduce the total number of roles. InnoGames has put in place a strong plan to support the people who have been affected by the decision to make sure that they are treated fairly and provided with support during the transition period.”

InnoGames has also published an announcement, which you can find here.

For more information:

Anton Gourman, VP Communications and IR Direct: +46 73 661 8488, anton.gourman@mtg.com

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About MTG

MTG (Modern Times Group MTG AB (publ.)) (www.mtg.com) is an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. We are born in Sweden but have an international culture and global footprint. Our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).