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2016-05-18

Stillfront Group AB: Stillfront Interim Report January-March 2016

Interim Report January-March 2016STILLFRONT GROUP AB (PUBL)The Quarter january - march 2016 * Net revenues amounted to 25.3 MSEK (corresponding period 2015: 11.9 MSEK),
which is an increase of 113% compared to the corresponding period 2015 and
29% compared to the previous quarter.
* Underlying EBITDA, i.e. EBITDA adjusted for expensed investments, amounted
to 10.0 MSEK (4.8 MSEK), which is an increase of 111%. EBITDA amounted to
6.6 MSEK (3.0 MSEK).
* Profit/loss before tax was 4.7 MSEK (1.2 MSEK), which is an increase of
304%. Profit/loss after tax was 2.5 MSEK (0.9 MSEK).
* Earnings per share before dilution amounted to 0.51 SEK (0.31 SEK).
Earnings per share after dilution amounted to 0.47 SEK (0.29 SEK)[1].
* As of March 31 cash and cash equivalents amounted to 78.0 MSEK (6.5 MSEK).
* Sales of Unravel commenced February 9 and has been very satisfying.
* Coldwood is entering an agreement with Electronic Arts regarding the
development of a sequel to Unravel.

An outstanding start of 2016"2016 has started in an exceptionally strong way for Stillfront, and I look
forward to a continued exciting year. Compared with the first quarter of
2015, Stillfront more than doubled sales. Our primary profitability metric,
underlying EBITDA, increased 111% and profit before tax amounted to SEK 4.7
million. This growth has been completely organic!

The strong development is primarily based on the success of our German studio
Bytro and our Swedish studio Coldwood, not least because of the acclaimed
game Unravel.

Stillfront will continue to build on its PLEX strategy, which has proved
successful so far. We will strive to accelerate our development further
through strategic acquisitions." says Jörgen Larsson, CEO.

Key figures, The Group--------------------------------------------------------------------
| MSEK 2016 Jan-Mar 2015 jan-mar 2015 jan-dec |
| Net Revenues 25.3 11.9 57.1 |
| Growth in revenues 113% |
| Underlying EBITDA 10.0 4.8 12.9 |
| Underlying EBITDA 39.7% 39.9% 22.6% |
|margin |
| EBITDA 6.6 3.0 4.0 |
| EBITDA margin 26.1% 25.5% 7.1% |
| Profit/loss before tax 4.7 1.2 -4.5 |
--------------------------------------------------------------------
For further information, please contact:Jörgen Larsson, CEO

+46-70-321 1800
jorgen@stillfront.com

Sten Wranne, CFO
+46-705-851258
sten@stillfront.com
About StillfrontStillfront 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. The main markets are Sweden,
Germany, the United States and South America. For further information, please
visitwww.stillfront.com.

Selected gamesStillfront's portfolio includes games across multiple platforms.Unravel
, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards
at E3 and gamescom and was released in February 2016.Supremacy 1914
andCall of War
are high-immersion war strategy games developed by Bytro Labs.ManagerZone
is a sports management strategy game launched in 2001.
Nasdaq First North Ticker Symbol: SF

Certified Adviser: Avanza Bank, phone +46 8 4094 2120

---------------------------------------[1]Number of shares after dilution includes shares to be issued as
consideration to the sellers of Bytro Labs GmBH.

Stillfront 2016Q1 Interim Report
http://hugin.info/171481/R/2013486/746205.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stillfront Group AB via Globenewswire

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