Regulatory News:
FOCUS ENTERTAINMENT (FR0012419307 - ALFOC) (Paris:ALFOC)
announces its 2021/22 unaudited revenues for the full year ending
March 31, 2022, and its 2021/22 Q4 unaudited revenues for the
quarter ending March 31, 2022
Key highlights:
- FY 2021/22 group revenue stands at €142.6 million, or €136.9
million at constant perimeter in line with 2021/22 guidance
- Q4 revenues at €20.3 million supported by the solid resilience
of best-selling titles
- FY 2021/22 EBITDA expected1 around €40 million
- FY 2021/22 group EBIT, before amortization and depreciation of
goodwill, expected2to land around €12 million, in line with
expectations
Revenue for the fourth quarter
and full year of 2021/22
In million euros
Unaudited
Q4 2021/22*
Q4 2020/21
Variation
FY 2021/22*
FY 2020/21
Variation
Catalogue
11.2
12.8
-12.6%
72.7
79.4
-8.4%
Back-catalogue
9.1
16.8
-46.0%
69.8
91.6
-23.8%
Group Revenue*
20.3
29.6
-31.6%
142.6
171.0
-16.6%
Of which Dotemu
4.2
-
-
5.6
Revenue at constant scope
16.0
29.6
-46.0%
136.9
171.0
-20.0%
* Deck13 revenue for Q4 2021/22 stands at €0.4 million;
StreumOn, Douze Dixièmes, and Leikir revenues generated outside the
Group are insignificant and respectively consolidated on April 1,
2021, October 1, 2021, and February 1, 2022. Dotemu is consolidated
since September 30, 2021.
Q4 2021/2022 Revenue
Q4 2021/22 group revenue amounted to €20.3 million, including
€4.2 million from Dotemu.
86% of the sales were made through digital partners and 97% are
derived internationally.
The quarter benefited from strong franchises like
SnowRunner, Insurgency: Sandstorm, A Plague Tale:
Innocence, while Farming Simulator’s rights had expired over Q3
2021/22.
Revenue from Dotemu reached €4.2 million driven by good
performances of titles launched over the quarter such as
Infernax, Young Souls and Windjammers 2, the
last one having been developed by Dotemu, as well as the
long-lasting success of Street of Rage 4.
FY 2021/22 Revenue
After FY 2020/21 during which the video game industry benefited
from the worldwide lockdown, the group revenue reached this year
€142.6 million, including a €5.6 million contribution from
Dotemu.
In terms of revenue breakdown 88% of the sales were made through
digital partners and 95% are derived internationally.
At constant perimeter, revenues for the full-year 2021/22 amount
to €136.9 million in keeping with announced guidance for the fiscal
year.
SnowRunner, Insurgency: Sandstorm and A Plague
Tale: Innocence strongly contributed to the fiscal year revenue
thanks to additional contents and one-off deals, demonstrating the
Group’s ability to generate revenues from strongly anchored
franchises and titles over the long-term. The fiscal year benefited
as well from the success of Necromunda: Hired Gun developed
by Streum On Studio, owned by the group, and Aliens: Fireteam
Elite.
Preliminary EBITDA and EBIT
before amortization and depreciation of goodwill
FY 2021/22 EBITDA is expected around €40 million, while FY
2021/22 EBIT before amortization and depreciation of goodwill is
expected to be aligned with expectations. The group does not expect
to book any depreciation of goodwill in FY 2021/22.
A year of continuous integration
and transformation
During FY 2021/22, Focus Entertainment pursued its external
growth strategy to expand and diversify its expertise towards new
high-potential segments. After acquiring Deck13 in 2020, the group
completed the acquisition of 4 additional studios: Streum On
Studio, Dotemu, Douze-Dixièmes and lastly, Leikir Studio on
February 14, 2022.
Leikir Studio thus became the 5th development studio to
integrate with Focus Entertainment. The studio developed several PC
and console titles acclaimed by the press and players and is
currently developing the promising and highly anticipated title
Metal Slug Tactics, based on the legendary license from
Japanese publisher SNK.
Evolution of Governance and
change of name
Following the Ordinary and Extraordinary General Meeting held on
April 1, 2022, Shareholders approved two important resolutions for
the Group:
- Establishment of a Board of Directors
Shareholders approved the implementation of a Board of Directors
and the company’s articles of association have been changed
accordingly.
The following have been appointed as members of the Board of
Directors:
- Neology Holding, with Fabrice Larue as its permanent
representative;
- Neology Invest, with Romain Heller as its permanent
representative;
- FLCP & Associés Invest, with Tiphanie Lamy as its permanent
representative;
- FLCP & Associés, with Tanguy de Franclieu as its permanent
representative;
- Frank Sagnier;
- Virginie Calmels;
- Irit Hillel.
The Board of Directors, meeting after the General Meeting, found
that three of its members are independent: Frank Sagnier, Virginie
Calmels and Irit Hillel. It separated the roles of Chairman of the
Board of Directors and Chief Executive Officer and appointed Frank
Sagnier as Chairman of the Board of Directors, and Christophe
Nobileau as Chief Executive Officer.
It was decided that Virginie Calmels will chair meetings of the
Board of Directors when it is acting as an Audit Committee and as
an Appointments and Remuneration Committee and that Irit Hillel
will chair meetings of the Board of Directors when it acting as a
CSR Committee.
- Change of company name to Focus Entertainment
The new name is more consistent with the Company’s business and
highlight its key strengths and values. Including the word
“Entertainment” in the Company’s name conveys its ambition of
offering gamers around the world unique experiences with an
editorial line that stands out through innovative concepts,
alternative gameplay and original universes that transcend the
boundaries of video games.
Outlook
Focus Entertainment will be releasing later this year A
Plague Tale: Requiem, the sequel to Asobo’s best seller, as
well as the highly expected Evil West. An ambitious game
developed by its subsidiary Deck13 and a new game developed by
Tindalos Interactive based on an iconic movie franchise will be
released in the end of the fiscal year 2022/23. Over the year,
Dotemu will also launch 3 games based on iconic licenses:
Teenage Mutant Ninja Turtle: Shredder’s revenge, Pharaoh:
A New Era and Metal Slug Tactics.
John Bert, Managing Director, comments: “Alongside with
those key releases developed with worldwide established studios, we
continue to secure and enrich our creative approach by developing
new partnerships with promising studios: Different Tales, Dream
Powered Games, Rundisc, and Two Horizons. Supporting and
accompanying the talent of young creators and promising studios
have always been rooted in the history and DNA of the Focus Group,
one of the many skills is to put our expertise at the service of
high-potential studios to build lasting partnerships with them to
create the successes of today and tomorrow."
As announced, Focus Entertainment will be communicating on a
qualitative mid-term line-up on June 16, 2022, alongside with the
publication of FY 2021/22 Results.
Financial calendar
The Full-Year 2021/22 Results will be published on June 16,
2022.
Event
Date
2021/22 – FY Results
2022/23 – Q1 Sales
2022/23 – Q2 Sales
2022/23 – Half-Year Results
2022/23 – Q3 Sales
2022/23 – Q4 Sales and FY Sales
Thursday June 16, 2022
Thursday July 21, 2022
Thursday October 20, 2022
Thursday December 15, 2022
Thursday January 19, 2023
Thursday April 20, 2023
About Focus Entertainment
FOCUS ENTERTAINMENT is one of Europe’s leading video game
publishers and developers. Its vocation is to support leading
international studios in the development, production monitoring,
marketing, sales and financing of their projects. As a publisher of
strong brands such as The Surge, Vampyr, and A Plague Tale:
Innocence, the Group generated revenues of €142,6 million in
2021/22. FOCUS ENTERTAINMENT generates 95% of its sales
internationally. For additional information, visit
www.focusent.com
For more information follow us on: Twitter - LinkedIn -
Instagram - YouTube - Facebook
1 Subject to final audit; Definitive figure to be communicated
on June 16, 2022. 2 Subject to final audit; Definitive figure to be
communicated on June 16, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20220428005959/en/
Investor Relations Laure d’Hauteville, CFO Tél : + 33 (0)
1 55 26 85 00 Mail : IR@focusent.com
Press Relations – FTI Consulting Emily Oliver Rémi
Salvador Tél : + 33 (0) 1 47 03 68 10 Mail :
fhi@fticonsulting.com
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