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Share Price Information for Frontier Dev (FDEV)

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Trading Update

18 Jun 2019 07:00

RNS Number : 5284C
Frontier Developments PLC
18 June 2019
 

Frontier Developments plc

Trading Update

Frontier confirms record financial performance

Frontier Developments plc (AIM: FDEV, "Frontier", the "Company"), a leading developer and publisher of videogames based in Cambridge, provides an update on trading for the 12 months ended 31 May 2019 ("FY19").

Frontier expects to report record annual revenue of approximately £89 million for FY19, which is more than two and a half times the previous financial year (FY18: £34.2 million). This substantial growth in revenue reflects the success of Jurassic World Evolution, Frontier's third self-published title, which launched in June 2018, combined with the ongoing performance of Frontier's first two self-published titles, Elite Dangerous (2014) and Planet Coaster (2016), which each benefitted from Frontier's strategy of supporting and nurturing existing titles. Frontier expects to report an operating profit margin of approximately 21% for FY19 (FY18: 8%) when full financial results are announced in early September 2019.

David Braben, Chief Executive, said:

"We have had our best ever year in terms of our financial performance, which is a testament to the skill and hard work of our amazing team, our strategy of nurturing our titles post-launch over many years, and to the ongoing support of our worldwide communities of players.

We are really excited about delivering our next game, Planet Zoo, later this year. The reception we have had from the community has been excellent and we are looking forward to introducing them to the most authentic animals in videogame history.

Our development roadmap is looking really good. We are also making great progress with our Frontier Publishing initiative, with our first partnership announced last week, with highly experienced developers Haemimont Games. We are in an excellent position for the future."

 

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Alex Bevis.

 

Enquiries:

 

Frontier Developments +44 (0)1223 394300

David Braben, CEO / Alex Bevis, CFO

Liberum - Nomad and Joint Broker +44 (0)20 3100 2000

Neil Patel / Cameron Duncan

finnCap - Joint Broker +44 (0) 20 7220 0500

Matt Goode / Giles Rolls / Alice Lane

 

Tulchan Communications +44 (0) 20 7353 4200

Matt Low / Deborah Roney

 

 

About Frontier Developments plc

Frontier is a leading developer and publisher of videogame franchises founded in 1994 by David Braben, co-author of the iconic Elite game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on videogame consoles and personal computers.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk

About Planet Zoo

Simulation Runs Wild in Planet Zoo, coming to PC on 5 November 2019. From the developers of Jurassic World Evolution (2018), Planet Coaster (2016) and Zoo Tycoon (2013) comes the ultimate zoo sim, featuring authentic living animals who think, feel and explore the world you create around them. Experience a globe-trotting campaign or let your imagination run wild in the freedom of Sandbox mode. Create unique habitats and vast landscapes, make big decisions and meaningful choices, and nurture your animals as you construct and manage the world's wildest zoos. Build and manage a truly modern zoo where animal welfare and conservation comes first.

www.planetzoogame.com

About Jurassic World Evolution

Jurassic World Evolution - available for Windows PC, Microsoft Xbox One and Sony PlayStation 4 - evolves players' relationships with the Jurassic World film franchise, placing them in control of operations on the legendary island of Isla Nublar and the surrounding islands of the Muertes Archipelago. Players create and manage their own Jurassic World as they bioengineer new dinosaur breeds, and construct attractions, containment and research facilities. Every choice leads to a different path and spectacular challenges arise when 'life finds a way'.

www.jurassicworldevolution.com

About Planet Coaster

Planet Coaster - available for Windows PC - builds on Frontier's genre-defining expertise with coaster park games such as RollerCoaster Tycoon 3 and Thrillville. It further raises the bar for this popular genre, allowing players to let their imaginations run wild as they surprise, delight and thrill incredible crowds, and share their success with the world via the Steam Workshop community.

www.planetcoaster.com

About Elite Dangerous

Elite Dangerous - available for Windows PC, Microsoft Xbox One and Sony PlayStation 4 - is the definitive massively multiplayer space epic, bringing gaming's original open world adventure to the modern generation with a connected galaxy, evolving narrative and the entirety of the Milky Way recreated at its full galactic proportions.

www.elitedangerous.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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TSTFRMFTMBBBBAL
Date   Source Headline
29th Feb 20241:51 pmRNSHolding(s) in Company
26th Feb 20244:05 pmRNSBlock Listing Return
17th Jan 20247:00 amRNSFY24 Interim Results
11th Jan 202411:42 amRNSNotice of Results
19th Dec 202311:03 amRNSDirector Dealings
15th Dec 20233:00 pmRNSDirector Dealings
14th Dec 20234:26 pmRNSDirector Dealings
27th Nov 20237:00 amRNSBusiness Update
9th Nov 20232:15 pmRNSHolding(s) in Company
6th Nov 20232:14 pmRNSHolding(s) in Company
1st Nov 20234:20 pmRNSResult of AGM
19th Oct 202311:29 amRNSHolding(s) in Company
17th Oct 20237:00 amRNSOrganisational Review and Trading Update
9th Oct 20237:00 amRNSShare Options and Director/PDMR Dealings
28th Sep 20237:00 amRNSAnnual Report and Notice of AGM
13th Sep 20237:00 amRNSFY23 Financial Results
7th Sep 20239:37 amRNSNotice of FY23 Financial Results
29th Aug 20238:55 amRNSBlock Listing Return
18th Aug 20234:15 pmRNSHolding(s) in Company
14th Jun 20237:00 amRNSFull year trading update & Frontier Foundry review
8th Jun 20237:00 amRNSNotice of Trading Update
30th May 20237:00 amRNSNon-Executive Director Changes
26th May 202312:38 pmRNSEBT Share Purchase
26th May 202310:06 amRNSExercise of Warrants and Total Voting Rights
26th May 20237:00 amRNSBroker Appointment and Change of Nominated Adviser
22nd May 202312:02 pmRNSEBT Share Purchase
15th May 202311:35 amRNSEBT Share Purchase
9th May 202311:10 amRNSEBT Share Purchase
2nd May 20232:09 pmRNSEBT Share Purchase
21st Mar 20238:35 amRNSHolding(s) in Company
20th Mar 20239:30 amRNSOption Grants/PDMR Shareholding
27th Feb 20239:19 amRNSBlock Listing Return
6th Feb 20234:33 pmRNSHolding(s) in Company
25th Jan 20231:56 pmRNSDirector/PDMR Shareholding
23rd Jan 20233:52 pmRNSDirector/PDMR Shareholding
19th Jan 20237:00 amRNSFY23 Interim Results
9th Jan 20237:00 amRNSTrading Update and Notice of Results
1st Dec 20227:00 amRNSBoard Changes
18th Nov 20222:08 pmRNSDirector/PDMR Shareholding
14th Nov 202210:29 amRNSDirector/PDMR Shareholding
9th Nov 20227:00 amRNSResult of AGM
7th Nov 20227:00 amRNSOption grants / PDMR Dealings
2nd Nov 20227:00 amRNSAcquisition of Complex Games Inc
28th Oct 20222:47 pmRNSBlock Listing Return
10th Oct 20227:00 amRNSAnnual Report and Notice of AGM
5th Oct 20227:00 amRNSShare Options and Director/PDMR Dealings
21st Sep 20227:00 amRNSFY22 Results – a thriving and expanding portfolio
26th Aug 20227:00 amRNSGamescom announcements
10th Aug 20227:00 amRNSBoard Changes and Notice of Results
14th Jun 20227:00 amRNSTrading Update - Record annual revenue, 26% growth

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