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RNS Number : 7923Z
Frontier Developments PLC
15 January 2020
Frontier Developments plc
Notice of Results and Trading update
Frontier Developments plc (AIM: FDEV, "Frontier", the
"Company"), a leading developer and publisher of video games based
in Cambridge, will report its interim financial results for the six
months ended 30 November 2019 on Wednesday 5 February 2020. There
will be a presentation to analysts at 9:30am on 5 February 2020 at
the offices of Liberum at Ropemaker Place, 25 Ropemaker Street,
London, EC2Y 9LY.
Financial performance
For the six months to 30 November 2019 (H1 FY20) Frontier
recorded total revenue of GBP32.0 million, compared to GBP25.0
million recorded for the preceding half-year period (H2 FY19, the
six months ended 31 May 2019) and GBP64.7 million for H1 FY19 (the
six months ended 30 November 2018). Revenue in H1 FY20 included
just 26 days of sales from Planet Zoo, which launched on 5 November
2019, plus pre-order sales recognised at launch.
All four of Frontier's game franchises performed well, as
expected, over the Christmas period. The Board continues to expect
sales for the full financial year (ending 31 May 2020) to be within
the range of analyst projections of GBP65 million to GBP73
million.
Planet Zoo launches successfully
In November 2019 Frontier added a fourth franchise to its
portfolio with the successful launch of Planet Zoo, which
benefitted from a highly successful pre-launch marketing strategy.
The base game and the deluxe product achieved the global number one
and number two bestseller spots on Steam both prior to, and after,
release on 5 November 2019. Planet Zoo achieved a day one PC launch
record for Frontier, having sold more PC units by the end of day
one, including pre-order sales, than any of Frontier's previous
launches.
Following its successful release, sales of Planet Zoo continue
to be strong. To date Planet Zoo has sold the most units on PC of
any of our games during an equivalent time period, crossing 500,000
units in early December. As expected Planet Zoo performed well over
the important Christmas period, with free updates, paid
downloadable content (the Arctic Pack released on 17 December),
price promotions and active community support proving to be an
effective combination. As a result, Planet Zoo featured in Steam's
top 12 best-selling new releases of 2019, despite only launching in
November.
Creating and nurturing a portfolio
Frontier has now achieved four (out of four) successful game
franchise launches since floating in 2013, with Elite Dangerous
(December 2014), Planet Coaster (November 2016), Jurassic World
Evolution (June 2018) and Planet Zoo (November 2019). All four
titles continue to perform well, supported by Frontier's strategy
of evolving gameplay, free and paid content, price promotions and
active community management. Frontier intends to continue to
nurture and grow its portfolio, supporting existing franchises
whilst investing in new internally developed games, together with
third party titles from carefully selected development partners
under its Frontier Publishing initiative.
David Braben, Chief Executive of Frontier, commented:
"We are pleased with the successful launch of Planet Zoo and the
continuing performance of Elite Dangerous, Planet Coaster and
Jurassic World Evolution.
It is great to see how many players have actively engaged with
Planet Zoo - sharing their intricately constructed habitats and the
animals they have nurtured. I believe Planet Zoo has already become
the genre defining zoo simulation, just as Planet Coaster is the
leader in coaster park simulations."
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 394 300
David Braben, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
Jefferies - Joint Broker +44 (0)20 7029 8000
Max Jones / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Deborah Roney / James Macey White
About Frontier Developments plc
Frontier is a leading independent creator of self-published
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. From the developers of
Jurassic World Evolution (2018), Planet Coaster (2016) and Zoo
Tycoon (2013) comes the ultimate zoo sim, where players can let
their imagination run wild, with authentic living animals who
think, feel and explore the world around them. Planet Zoo allows
players to experience a globe-trotting campaign, create unique
habitats and vast landscapes, make big decisions and meaningful
choices, and nurture their animals as they construct and manage a
truly modern zoo where animal welfare and conservation comes
first.
www.planetzoogame.com
About Jurassic World Evolution
Jurassic World Evolution places players in charge of operations
on the legendary Isla Nublar and the surrounding islands of the
Muertes Archipelago. Players can construct attractions, containment
and research facilities as they build their own Jurassic World.
They can bioengineer new dinosaur species that think, feel and
react intelligently to the world around them, and they can choose
to control the big picture with deep, accessible management options
or go hands-on to confront challenges on the ground or in the air
in action-based gameplay. Every choice leads to a different path,
and spectacular challenges arise when "life finds a way."
www.jurassicworldevolution.com
About Planet Coaster
Create. Manage. Share. Be inspired and inspire others as you
create, manage and share the world's greatest coaster parks with
friends and content creators around the world. Surprise, delight
and thrill your guests as you build your coaster park empire, and
let your imagination run wild with the future of coaster park
simulation games.
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
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