Stillfront Group AB: Interim Report Jan - Sep 2015
(Thomson Reuters ONE) -
November 16, 2015
Stillfront Group's interim report January-September 2015
July-September 2015
· Net Turnover amounted to 14.7 MSEK (7.8 MSEK).
· Underlying EBITDA((1)), i.e. EBITDA adjusted for expensed investments,
amounted to 3.6 MSEK (0.7 MSEK). EBITDA amounted to 1.3 MSEK (-0.9 MSEK).
· Earnings Before Tax was -0.7 MSEK (-3.0 MSEK) Earnings after tax was -1.1
MSEK (-3.0 MSEK).
· Earnings per share before dilution, amounted to -0.36 SEK (-0.96 SEK).
Earnings per share after dilution, amounted to -0.36 SEK (-0.93 SEK).((2))
· As of 30 September, cash and cash equivalents amounted to 6.1 MSEK (8.3
MSEK).
January-September 2015
· Net Turnover amounted to 37.4 MSEK (22.9 MSEK).
· Underlying EBITDA((1)), i.e. EBITDA adjusted for expensed investments,
amounted to 8.6 MSEK (2.3 MSEK). EBITDA amounted to 2.6 MSEK (-4.9 MSEK).
· Earnings Before Tax was -3.2 MSEK (-11.2 MSEK). Earnings after tax was -4.0
MSEK (-11.2 MSEK).
· Earnings per share before dilution, amounted to -1.31 SEK (-3.70 SEK).
Earnings per share after dilution amounted to -1.27 SEK (-3.60 SEK).((2))
· As of September 30, cash and cash equivalents amounted to 6.1 MSEK (8.3
MSEK).
Continued strong growth during third quarter
"We have seen continued strong growth in the interim period. The Call of War
game from Bytro that was launched in May, continued to enjoy rapid growth in the
quarter. Coldwood unveiled the game Unravel at The Electronics Entertainment
Expo, E3, in Los Angeles in June. Unravel was named "Best Strategy Game" at
gamescom, the global video games trade fair in Cologne. We plan to launch
Unravel together with EA in the first half of 2016", says Jörgen Larsson, CEO.
"Stillfront Group and its owners have decided to start preparations for a
potential listing on Nasdaq First North in Stockholm. We will provide further
information once the board has resolved on these issues", comments Per
Skyttvall, Chairman of the Board.
Comments by the CEO
The Stillfront Group is continuing its exciting journey. So far in 2015, our
German subsidiary company Bytro has launched its latest game Call of War in a
very successful way. The game was launched in May 2015 and in September
generated earnings of 1.8 MSEK.
The unveiling of Unravel, the latest game from our subsidiary company Coldwood,
has received a fantastic response from the industry and consumers alike. The
game was announced at the two biggest trade fairs in the games world, E3 and
gamescom, where it won some 20 awards. Unravel will go on sale in the first half
of 2016 marketed by Electronic Arts, EA.
ManagerZone, managed by our subsidiary company PowerChallenge, in which players
manage football and ice hockey teams, has built a very loyal player base.
ManagerZone Football, launched in 2001, still has players who have stayed with
it since its launch. During the course of the year, we have achieved good
progress in our systematic efforts to raise the quality, improve turnover per
paying player and making the platform scalable. This is creating fertile soil
for growth in the coming years, both in existing sports and also by adding new
sports to the existing platform.
It is also pleasing to see that our underlying EBITDA for the interim period was
8.6 MSEK. This indicates our PLEX strategy is working. The Stillfront strategy
is to have a portfolio of games (P) through which we can reduce our title and
technology risks. The games should be able to be played and remain profitable
for a long period (L). Employing a technology structure with game engines
(Engines - E) means we can achieve cost efficiencies via scalability. Finally,
Stillfront offers games on many different technology platforms (Cross-Platform -
X).
Stillfront Group is investigating the possibilities of a new share issue and
subsequent listing on Nasdaq First North. We will provide further information
once the board has resolved on these issues.
I view the future with great confidence. Our growth strategy is working and
consumers appreciate our products. Our scalable business model also offers us
the scope to take advantage of many opportunities in the coming years.
-Jörgen Larsson, CEO
About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games
- with a vision to become one of Europe's leading indie game creators and
publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro
Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and
Sweden, and Dorado Online Games in Malta. Stillfront's games are distributed
globally, however main markets include Sweden, Germany, the United States and
South America.
Selected games
Stillfront's portfolio includes games across multiple platforms. Unravel,
developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at
E3 and gamescom and is expected to be released in the first six months of 2016.
Supremacy 1914 and Call of War are high-immersion war strategy games developed
by Bytro Labs. ManagerZone is a sports management strategy game launched in
2001. Gladiators Online is an action management strategy game, launched on Steam
in Q4 2015.
For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen(at)stillfront.com
Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten(at)stillfront.com
Footnotes
(1) Underlying EBITDA excludes expenses considered by management as "expensed
investments". These adjustments have not been audited or reviewed.
(2) Earnings per share have been calculated after the 7:1 consolidation of
shares and ongoing withdrawal of shares.
Stillfront Group AB (publ), 556721-3078, Storgatan 8, SE 582 23 Linköping,
Sweden.
SF Q3 2015:
http://hugin.info/171481/R/1967088/718461.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stillfront Group AB via GlobeNewswire
[HUG#1967088]
Unternehmensinformation / Kurzprofil:
Datum: 16.11.2015 - 15:13 Uhr
Sprache: Deutsch
News-ID 434850
Anzahl Zeichen: 7187
contact information:
Town:
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Kategorie:
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