English
Published: 2022-06-22 12:59:23 CEST
Punktid Technologies AS
Company Announcement

Punktid Technologies AS group May sales was EUR 116,000 and Finland sales grew 10x

The sales of Punktid Technologies AS (hereinafter "Punktid") in May of 2022 were EUR 116,000 in total, of which EUR  90,000 constituted the gross amount of the Punktid platform mediation service* and which decreased by 27% compared to May of 2021 (the gross amount of the mediation service in May 2021 was EUR 124,000). Sales decreased on Punktid.ee, Punktid.lv, Punktid.lt and Punktid.ru web pages, and increased on our global Punktid.com site and Punktid.fi. The largest increase came from Punktid.fi, where compared to last year's gross amount of the mediation service of EUR 184, this year's amount reached EUR 2,000, meaning it grew by 1044%, 10x more than last year.

„On a positive note we gained 707 new users, which is in the same range as in February this year. The number of visits to Punktid’s website also remains at the same level every month, which indicates that people’s interest in the products mediated by Punktid has not waned,“ said Hannes Niid, Member of the Management Board of Punktid. „The main goal of May was to supplement marketing and IT plans, as well as initial preparations for the autumn peak season. In addition, a new member has joined our marketing team to raise awareness of our brand in social media, both locally and globally.“

 

Total sales of the Punktid group in May 2022

Total sales of Punktid group   116,000 €
Wholesale revenue of HVK Business OÜ 26,000 €
Gross amount of Gamekeys OÜ mediation service 90,000 €

The numbers in the table have been rounded to the nearest thousand euros. The figures in the table are not yet final (i.e., these may change slightly) as the april of 2022 has not yet been closed in accounting.

*The mediation service includes the online sale of digital codes for video games, Nintendo, PlayStation and Xbox through the Punktid sales platorm managed by Gamekeys OÜ, which belongs to the Punktid group, both in Estonia and abroad. The gross amount, also referred to as sales, means the money received from customers through the Punktid platform.

 

 

The information published in this announcement on the gross amount of mediation service is not reflected in the financial statements of Punktid as according to the Estonian Financial Reporting Standard (EFS), sales revenue from the mediation service is only the commission, but not the gross amount collected under agreements. Nevertheless, Punktid assesses its growth and success solely on the basis of sale by Gamekeys OÜ (i.e., the gross amount of the mediation service) and the public offering of shares starting on 19 April 2022 also seeks to raise capital only to develop this business line. Punktid will provide investors with an overview of sales results on a quarterly basis.

 

Contacts for additional information

Hannes Niid
Management Board Member of Punktid Technologies AS

Tel: +372 53 095 817
E-mail: invest@punktid.com  

Punktid Technologies AS is a holding company established and operating in Estonia which has two subsidiaries, Gamekeys OÜ and HVK Business OÜ. Punktid group owns and develops the largest online sales environment for digital codes of video games, Nintendo, PlayStation and Xbox in Estonia, whereas:

  • The main activity of Gamekeys OÜ is the mediation of the world's best-known video games and video game gift cards in an online environment and the related customer service and marketing both in Estonia and abroad; and
  • The main activity of HVK Business OÜ is the wholesale of video games and gift cards for business customers, Punktid.com IT project development and sale of the right to use the Punktid.com platform.