Bli medlem
Bli medlem

Du är här

2016-11-22

Stillfront Group AB: Stillfront Interim Report January - September 2016

PRESS RELEASE Nov 22, 2016

Interim Report January-September 2016STILLFRONT GROUP AB (PUBL)The Interim Period January - September 2016 * Revenues amounted to 70.0 MSEK (corresponding period 2015: 38.0 MSEK),
which is an increase of 85% compared to the corresponding period 2015.
* EBITDA excluding expensed investments amounted to 28.1 MSEK (8.6 MSEK),
which is an increase of 269%. EBITDA including expensed investments
amounted to 5.7 MSEK (2.6 MSEK).
* Profit/loss before tax was -1.3 MSEK (-3.2 MSEK), which is an improvement
of 1.9 MSEK. Profit/loss after tax was -3.9 MSEK (-4.0 MSEK), an
improvement of 0.1 MSEK.
* Earnings per share before dilution amounted to -0.73 SEK (-1.31 SEK).
Earnings per share after dilution amounted to -0.72 SEK (-1.27 SEK).
* As of September 30 cash and cash equivalents amounted to 56.8 MSEK (6.1
MSEK).
* Remaining 49% of Bytro Labs GmbH acquired in June.
* Acquisition of a majority stake in Simutronics Corp was made in June.
Simutronics is consolidated as of June 1, 2016.
* Sales of Unravel commenced February 9 and has been very satisfying.
Coldwood has entered an agreement with Electronic Arts regarding the
development of a sequel to Unravel.
* Bytro launched New World Empires, a free-to-play game in the Grand Strategy
Games genre.
* Siege:Titan Wars, a game developed by Simutronics, was Soft Launched in
cooperation with Tilting Point after the end of the interim period.

The Quarter July - September 2016 * Net revenues amounted to 21.6 MSEK (corresponding period 2015: 14.3 MSEK),
which is an increase of 42% compared to the corresponding period 2015.
* EBITDA excluding expensed investments amounted to 7.8 MSEK (3.6 MSEK),
which is an increase of 117%. EBITDA including expensed investments
amounted to -3.8 MSEK (1.3 MSEK).
* Profit/loss before tax was -7.5 MSEK (2.5 MSEK). Profit/loss after tax was
-6.7 MSEK (-1.1 MSEK).
* Earnings per share before dilution amounted to -1.20 SEK (-0.36 SEK).
Earnings per share after dilution amounted to -1.18 SEK (-0.36 SEK).

Stable High Growth and Margins - With Low Risk"I am very happy about the third quarter. We achieve continued strong growth
with high margins, even though the third quarter normally is Stillfront's
weakest by seasonality. We have also had good progress in our investments for
future growth, profitability and stability.

Stillfront's revenues increased by 85% as compared to the first nine months of
2015. The profitability is still very strong and our prime profitability
metric, EBITDA excluding expensed investments, amounted to 28.1 MSEK,
corresponding to a profit margin of 41%". says Jörgen Larsson, CEO.

Key figures, The Group------------------------------------------------------------------------------
| MSEK 2016 2015 2016 2015 2015 |
| |
| JUL-SEPT JUL-SEPT JAN-SEPT JAN-SEPT JAN-DEC |
| Net Revenues 20,9 14,7 69,3 37,4 57.1 |
| Growth in revenues 42% 85% |
| EBITDA excl investments 7,8 3,6 28,1 8,6 12.9 |
| EBITDA 37,2% 24,3% 40,6% 23,1% 22.6% |
|margin excl investments |
| EBITDA incl investments -3,8 1,3 5,7 2,6 4.0 |
| EBITDA margin incl investments Neg 9,1% 8,3% 6,9% 7.1% |
| Profit/loss before tax -7,5 -0,7 -1,3 -3,2 -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 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 five near-autonomous
subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power
Challenge in the UK and Sweden, Dorado Online Games in Malta, and Simutronics
in St Louis, Missouri. Stillfront's games are distributed globally. The main
markets are Sweden, Germany, the United States and South America. Shares of
the Company are traded on Nasdaq First North Stockholm with ticker SF. Avanza
Bank (Telephone +46-8-40942120) is the Company's Certified Adviser. For
further information, please visit www.stillfront.com.

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 was released in February 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.
DragonRealms and GemStone IV are MUD style games with a a very loyal player
base. Lara Croft Relic Run(TM) is a popular mobile game, developed by
Simutronics.

***

NOTE: A presentation of the Interim Report is available on the Stillfront
website: http://www.stillfront.com/site/investor-relations/financial-reports/

***

This information is information that Stillfront Group AB (publ) is obliged to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, at 08.45 CEST on November 22, 2016.

Stillfront 2016q3
http://hugin.info/171481/R/2058452/771461.pdf

---------------------------------------
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.