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Stillfront Group — Earnings Release 2021
Jan 19, 2022
2969_iss_2022-01-19_c5aa3806-4ff3-44bc-b46a-a7d5b3bfc322.pdf
Earnings Release
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Press Release 19 January 2022 19:25:00 CET
Stillfront releases trading update for Q4 2021
INSIDE INFORMATION: Stillfront Group AB (publ) ("Stillfront") is hereby announcing an update regarding its business performance for the fourth quarter 2021. All financial information in this press release is of a preliminary nature and the information has not been audited or reviewed by the company's auditor. The purpose of the announcement is to provide the market and the shareholders with updated financial information in connection with Stillfront's acquisition of 6waves and the resolution on the rights issue of approximately SEK 2.0 billion, which was announced earlier today (please refer to the separate press release regarding the acquisition of 6waves and the rights issue, available on www.stillfront.com)
PRELIMINARY FINANCIAL INFORMATION FOR Q4 2021:
- Net reþenue of betÿeen SEK 1,430-1,450 (1,080) million, an increase of betÿeen 32 percent and 34 percent compared to the fourth quarter of 2020
- Adjusted EBIT of betÿeen SEK 450-465 (399) million, an increase of betÿeen 13 percent and 17 percent compared to the fourth quarter of 2020
- The midpoint in the updated Q4 guidance implies full-āear 2021 net reþenue of SEK 5,453 million and adjusted EBIT of SEK 1,800 million
- The midpoint in the updated Q4 guidance implies an adjusted EBIT margin of 32 (37) percent
"We continued to deliver according to plan in the fourth quarter. The marketing landscape continued to improve, and our user acquisition spend reached all-time high levels in the quarter with sustained high returns. Several recently acquired studios performed well and gained additional momentum towards the latter part of the quarter. For example, Jawaker, which was consolidated from 1 October 2021, had a very strong first quarter as part of Stillfront and has outperformed our expectations. In addition to the strong performance from our acquired studios, we are pleased that Stillfront as a group grew organically in December compared to December last year, with contribution from many of our studios and through a number of exciting new game launches."
Jörgen Larsson, CEO, Stillfront
Stillfront's interim financial results for Q4 2021 ÿill be reported in the upcoming āear-end report for 2021 to be published on 16 Februarā 2022.
For more information on the acquisition of 6ÿaþes and the rights issue, please see the separate press release regarding the acquisition of 6ÿaþes and the rights issue on the companā's ÿebsite ÿÿÿ. stillfront.com
Accounting policies
The financial information in this press release has been compiled and prepared on a basis ÿhich is comparable ÿith Stillfront's historical financial information and is in all material respect consistent ÿith the accounting policies applied bā Stillfront in the preparation of its annual report for the financial āear 2020. The financial information regarding the fourth quarter 2021 and the full-āear 2021 is of a preliminarā nature. The information has not been audited or reþieÿed bā the companā's auditors.
For additional information, please contact:
Jörgen Larsson, CEO, Stillfront Group Phone: +46 70 321 18 00 E-mail: [email protected]
About Stillfront
Stillfront is a leading free-to-plaā poÿerhouse of gaming studios. Our diþerse and eĀciting games portfolio has tÿo common themes; loāal users and long lifecācle games. Organic groÿth and carefullā selected and eĀecuted acquisitions embodā our groÿth strategā and our 1,250+ co-ÿorkers thriþe in an organization that engenders the spirit of entrepreneurship. Our main markets are the US, Germanā, MENA, UK and Canada. We are headquartered in Stockholm, Sÿeden, and the companā is listed on Nasdaq Stockholm. For further information, please þisit: stillfront.com
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 persons set out above, at 2022-01-19 19:25 CET.