edyoutec AB (publ)
Climate Impact & Sustainability Data (2023-04 to 2023-06, 2023-07 to 2023-09, 2023-10 to 2023-12)
Reporting Period: 2023-04 to 2023-06
Environmental Metrics
Social Achievements
- Wegesrand (Wicket Gaming subsidiary) won two German Brand Awards: "Excellence in Brand Strategy and Creation - Digital solutions & Apps" and "Excellent Brands - Telecommunications & IT".
Climate Goals & Targets
Short-term Goals:
- Secure a publishing deal for King Royale with a leading publisher during the second half of the year.
Environmental Challenges
- Difficult market climate.
- Cost optimization in the relatively complex German subsidiary structure.
- Limited technical resources within the group, allowing only one game title to be developed at a time.
Mitigation Strategies
- Completed a SEK 10 million rights issue to continue development.
- Intensive cost-efficiency efforts in the German subsidiary structure, planning to merge several subsidiaries.
- Eliminating unnecessary costs.
- Expecting development costs for King Royale and Cricket Manager to decrease in 2023 compared to 2022.
- Significant extraordinary costs related to accounting and administration from the acquisition of Wegesrand and the rights issue in H2 2022 are ceasing.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- German Brand Award: Excellence in Brand Strategy and Creation - Digital solutions & Apps
- German Brand Award: Excellent Brands - Telecommunications & IT
Reporting Period: 2023-07 to 2023-09
Environmental Metrics
Social Achievements
- Wegesrand won two international Serious Play Awards: a gold medal for "Abenteuer Hanse" and a silver medal for "Rail Experience".
Climate Goals & Targets
Long-term Goals:
- Increase Rail Experience platform usage to 1800 students in 2026.
Medium-term Goals:
- Increase Rail Experience platform usage to 1200 students in 2025.
Short-term Goals:
- Launch Rail Experience platform in January 2024 with a target of 600 students using the platform.
Environmental Challenges
- Two larger projects expected to be invoiced in Q3 were postponed to Q4, resulting in lower-than-expected revenue in Q3.
- Higher-than-expected operating costs in Q3 due to investments in King Royale and Tank Operations and marketing activities related to King Royale's test launch.
- Development costs for King Royale are decreasing steadily as the game is ready to be presented to a publishing company.
Mitigation Strategies
- Ongoing cost-cutting measures across all departments, particularly in the Swedish operations, resulting in improved Q3 results compared to Q2.
- Cost-cutting efforts are expected to have an even greater impact in Q4.
- The company is working on transitioning from a service provider model to a licensing model to generate recurring monthly revenue.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Two International Serious Play Awards for Wegesrand
Reporting Period: 2023-10 to 2023-12
Environmental Metrics
Social Achievements
- Wicket Gaming's subsidiary Wegesrand won two international awards at the Serious Play Conference in Toronto for its interactive museum app "Abenteuer Hanse" and interactive learning platform "Rail Experience".
Climate Goals & Targets
Medium-term Goals:
- For Rail Experience, the goal is for 1200 students in 2025 and 1800 students in 2026.
Short-term Goals:
- For Rail Experience, the goal is for at least 600 students to use the platform and pay a monthly license fee of 49.90 EUR per student by an unspecified date.
Environmental Challenges
- A challenging financial climate and a significant slowdown in business activity in 2023.
Mitigation Strategies
- Cost-cutting measures implemented in Germany to reduce administrative costs and simplify the group structure, aiming for savings of up to 4 MSEK per year.
- Investments in games King Royale and Tank Operations and edtech platforms Rail Experience and AppLeMat are expected to yield positive results in 2024.
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Two International Serious Play Awards won by Wegesrand.