DGAP-News: Frogster Interactive Pictures AG: Group's annual report 2009 slightly over preliminary figures / New record revenues in March 2010 / Dynamic growth expected for 2010 and 2011
(firmenpresse) - Frogster Interactive Pictures AG / Final Results
14.04.2010 07:30
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Berlin, 14.04.2010: Frogster Interactive Pictures AG, international
publisher of massively multiplayer online games with headquarters in Berlin
and subsidiaries in Berlin, San Francisco and Seoul, was able to grow its
revenue by factor six in 2009 to 14.7m Euro (previous year: 2.3m Euro) and
has gained another 1.3m Euro in other revenues (previous year: 0.8m Euro).
In doing so, Frogster has achieved a net profit of 2.3m Euro or 0.96 Euro
per share and with this, a net profit margin of 16 per cent. After minority
interests of third party shareholders of group companies, the net profit
comes to 2.1m Euro or 0.85 Euro per share. These figures are slightly above
the temporary figures published in February.
Also the most important balance sheet items could be improved further. Cash
has risen significantly in 2009 and amounted to 2.6m Euro at year-end. The
equity amounts to 11.1m Euro. The equity-ratio amounts to 75 per cent.
Liabilities with financial institutions do not exist. According to the
management's estimate, the stakes in the subsidiaries Frogster Online
Gaming GmbH (Frogster Europe) and Frogster America Inc. as well as the
license of the main cash-cow 'Runes of Magic' all being part of the
company's fixed assets, contain hidden reserves in a considerable extent.
The annual report will be published on the companies' website in the last
week of April.
High growth dynamics also in 2010
In March, with over 1.6m Euro, Frogster documented a record in the ongoing
month revenues with its main cash-cow 'Runes of Magic' and with this,
outperformed the previous record of November 2009. Furthermore, in March,
new records could be achieved in 'Runes of Magic' with regards to the
number of registered users, paying users (over the last three months) and
peak concurrent users. The Frogster Group's total month revenue was at just
under 2m Euro in March and with this, close to the previous record level of
December 2009 in which, besides the ongoing revenues from the sale of
virtual goods and services within the free-to-play MMO games, there were
however also recorded one-off revenues from sales of sublicenses and
development services in Korea. In March, compared to the month before, an
especially strong growth of over 50 per cent could be documented by the
Frogster Group in the USA. The goal here is to also reach the seven digit
level in USD on a monthly basis by year-end. The Frogster Group has
transferred cumulated over 5m Euro in the first quarter.
Strong profitable expansion continues
Against the background of this positive development and the currently also
significantly rising revenues in the MMO game 'Bounty Bay Online', the
management is rating the previous revenue goal of 25m Euro for 2010 as
conservative. From May 2010 onwards, Frogster expects a revenue boost from
the market launch of the second expansion of 'Runes of Magic', 'Runes of
Magic - The Elder Kindoms', from the significant reduction of the file size
of the software client to be downloaded by the players and from the
enabling of impulse purchases 'live' during the gaming session. Facing the
successful establishment of the main cash-cow 'Runes of Magic' in important
regions worldwide and the fact that comparable MMO games show their revenue
peak only after three to five years, Frogster is very confident to be able
to continue its strong profitable expansion in the mid-term.
Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0
14.04.2010 07:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Frogster Interactive Pictures AG
Hardenbergstr. 9A
10623 Berlin
Deutschland
Phone: 030 / 284701-10
Fax: 030 / 284701-11
E-mail: frogster(at)ir-services.de
Internet: http://www.frogster-ip.de/
ISIN: DE000A0F47J1
WKN: A0F47J
Indices: Entry Standard Performance-Index
Listed: Freiverkehr in Berlin, München, Düsseldorf, Stuttgart; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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Datum: 14.04.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 18977
Anzahl Zeichen: 0
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Kategorie:
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