Focus Home Interactive Benefited From a Good Momentum With Organic Revenue Up 29% for the 1st Semester 2020/21
22 Ottobre 2020 - 5:40PM
Business Wire
- Second quarter revenue up 4% organically thanks to a solid
back-catalogue performance
- New governance implemented to further accelerate growth
- Revenue guidance range upgraded to €130M - €150M for
2020/21
Regulatory News:
FOCUS HOME INTERACTIVE (Paris:ALFOC) (FR0012419307
ALFOC), a leading French publisher of video games, has published
its unaudited second quarter and first semester revenue 2020/2021
(from 1st April to 30 September 2020).
First semester and second quarter revenue 2020/21
In million
of Euros
Q2 2020/21
Q2 2019/20
Growth
S1 2020/21
S1 2019/20
Growth
Catalogue
11.9
22.5
-47%
49.0
50.1
-2%
Back-catalogue
26.7
14.7
+81%
53.8
29.7
+81%
Revenue at constant scope
38.6
37.2
+4%
102.9
79.8
+29%
Deck13
0.7
-
-
0.7
-
-
Group Revenue
39.3
37.2
+6%
103.6
79.8
+30%
Jürgen Goeldner, Chairman of the
Management Board, declared: “Focus Home Interactive achieved a
great performance once again, increasing revenue by nearly a third
in the first half of 2020/21 despite a challenging comparison
basis. This led us to upgrade our revenue guidance for the current
year. This semester, we also welcomed a long-term partner: Neology,
our new significant shareholder. The governance of the Group
changed subsequently with the appointments of Fabrice Larue as
Chairman of the Supervisory Board and Christophe Nobileau as
Managing Director as well as the creation of an Executive
Committee. I am convinced that the support from our new partner and
this new organisation, will help us to further accelerate our
long-standing growth journey.”
John Bert, COO, added: “We are very
proud of the performance this quarter with the back-catalogue
compensating for the absence of major releases. Our very good first
quarter catalogue revenue, along with our strong back-catalogue
performance in the first half-year, demonstrated the Group’s unique
ability to identify and publish major successes while extending the
lifespan of our games. However, we continue to evolve in an
uncertain business environment with the COVID-19 crisis and
subsequent restrictions continuing to weigh on the development
process of our games. Consequently, some titles might be
delayed.”
Solid performance driven by back-catalogue momentum
For the first six months of
the fiscal year and including revenues generated by Deck13
Interactive GmbH (Deck13), Focus Home Interactive reported revenues
of €103.6M, an increase of +30% in comparison with the same period
last year and +29% at constant scope. This performance has been
driven by a stunning first quarter and a very strong momentum in
back-catalogue with sales up +81% during the semester. Digital
sales accounted for 91% of total sales for the first half of
2020/21 compared to 84% for the same period last year.
During the second quarter 2020/21, Focus Home Interactive
managed to generate organic growth despite a tough comparison basis
with 2Q revenue up +135% in 2019/20 and a limited number of new
major games launched. The catalogue reached €11.9M of revenue
thanks to SnowRunner, Hardspace: Shipbreaker - early access and the
good performance of Othercide and Necromunda Underhive Wars.
Meanwhile, Focus Home Interactive’s back-catalogue exceeded
expectations, with revenue up +81% to €26.7M thanks to the very
good sales of Farming Simulator, Greedfall and World War Z,
demonstrating once again the capacity of the Group to generate
revenues during the life cycle of its games.
The acquisition of Deck13 was finalised on 25 June 2020 and the
contribution of the studio to Focus Home Interactive is €0.7M in
revenue during the second quarter 2020/2021.
New studios partnerships
Focus Home Interactive pursued its active development and
announced two new partnerships in the recent weeks.
On 29 September 2020, Focus Home Interactive announced a new
partnership with Flying Wild Hog. Based in Poland, the studio
is known for its smash hit Shadow Warrior series. Bringing over ten
years of expertise in creating some of the very dynamic titles on
the market, this collaboration sees the studio developing their
most ambitious game to date.
On 12 October 2020, Focus Home Interactive announced its
partnership with Douze-Dixièmes. Based in Paris, France,
Douze-Dixièmes is a passionate independent studio formed by seven
people from a range of creative backgrounds. From animation to
video games, this powerful cooperation of talent aims to create
unique, touching and meaningful gaming experiences where narration
meets the art to deliver truly memorable journeys.
New governance to further accelerate growth
Following the sale by Nabuboto and Innelec Multimedia of all
their Focus Home Interactive shares to Neology Holding on 27 July
2020, the governance of the Company changed with Mr Fabrice Larue
becoming Chairman of the Supervisory Board. Thereafter, on 28
September 2020 an Executive Committee was created and Mr Christophe
Nobileau was appointed Managing Director to accelerate the
deployment of the Group's growth strategy. Mr. Christophe Nobileau
will bring to the Group his experience in the fields of media,
animation, distribution and finance.
Business update to take the uncertain business environment
into consideration
The current restrictions and partial lockdown in major countries
continue to have consequences for the work organisation of some of
our partner studios. This may lead to the game development process
being longer than expected.
Updated outlook, with 2020/21 guidance increased
The current environment impacted by the COVID-19 pandemic is
still generating business volatility and uncertainty. Future
revenues as well as development costs may be more difficult to
predict. Given its current level of visibility, Focus Home
Interactive increased its revenue guidance for 2020/21 fiscal year
following the better than expected strong performance in the first
semester, but keeping with its revenue guidance for 2021/22 fiscal
year.
Revenue guidance:
- For the end of the 2020-21 fiscal year: €130M - €150M compared
to €110M - €130M previously (at constant scope)
- For the end of the 2021-22 ffiscal year: €150M - €200M (at
constant scope)
Upcoming events
Event
Date
2020-21 – 3rd quarter revenue & HY
results
Thursday 21st January 2021
2020-21 – 4th quarter revenue
Tuesday 20th April 2021
2020-21 – FY results
Thursday 24th June 2021
About Focus Home Interactive
FOCUS HOME INTERACTIVE is a leading French publisher of
video games. Its aim 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, Mudrunner, Call of Cthulhu and Farming
Simulator, the Group generated revenues of €143 million in 2019/20,
up 13% compared to the last comparable period. FOCUS HOME
INTERACTIVE generates more than 90% of its sales internationally.
For additional information, visit www.focus-home.com
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version on businesswire.com: https://www.businesswire.com/news/home/20201022005839/en/
Contacts Investor Relations – FTI Consulting Cosme
Julien-Madoni Arnaud de Cheffontaines Tél : + 33 (0) 1 47 03 68 10
Mail : fhi@fticonsulting.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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