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The latest update is out from Enad Global 7 AB ( (SE:EG7) ).
Enad Global 7 is tightening its cost base across its Petrol and Piranha Games units and at the board and executive level, as part of an ongoing strategic review aimed at restoring sustainable profitability. The group, which develops and markets games and provides marketing services to major global franchises, is seeking to improve operational efficiency after several years of heavy investment.
At Petrol, EG7 has implemented restructuring measures including headcount reductions, lower external spending and reduced facility costs to better match current demand, targeting annual savings of about SEK 13 million from the second quarter of 2026. Piranha Games has undergone a similar realignment of development processes and staffing, expected to cut yearly costs by roughly SEK 15 million while shoring up long-term competitiveness.
Ahead of the upcoming annual meeting, the board has proposed lower director fees, including waived remuneration for board members who are major shareholders, and a pay cut for the CEO, which together are expected to save around SEK 4 million a year if approved. In total, the measures are projected to deliver approximately SEK 32 million in annual savings from the second quarter of 2026, a move the company says is necessary to return key units to consistent profitability and strengthen its financial profile.
The most recent analyst rating on (SE:EG7) stock is a Hold with a SEK12.00 price target. To see the full list of analyst forecasts on Enad Global 7 AB stock, see the SE:EG7 Stock Forecast page.
More about Enad Global 7 AB
Enad Global 7 (EG7) is a Stockholm-headquartered gaming group that develops, markets, publishes and distributes PC, console and mobile games for the global market. The company, listed on Nasdaq Stockholm, employs about 560 people in 12 offices and operates studios including Daybreak Games, Piranha Games and Big Blue Bubble, alongside marketing arm Petrol and publishing unit Fireshine Games.
Average Trading Volume: 207,495
Technical Sentiment Signal: Buy
Current Market Cap: SEK1.44B
For a thorough assessment of EG7 stock, go to TipRanks’ Stock Analysis page.