Brief: Focus Entertainment - H1 Gross Margin Down To 24% Of Total Revenue VS 38% Year Ago

Pullup Entertainment SA

14/12/2023 16:45

Dec 14 - Focus Entertainment SA  ALFOC.PA :
    * H1 REVENUE EUR 85.0 MILLION, UP VERSUS EUR 65.5 MILLION RY
AGO
    * H1 EBITDA EUR 23.9 MILLION, UP VERSUS EUR 18.9 MILLION
YEAR AGO
    * OUTLOOK: FROM 1 APR 2023, AMORTISATION PERIOD FOR GAMES
REVISED
BETWEEN 12 AND 36 MONTHS DEPENDING ON GAME, VERSUS 24 MONTHS
PREVIOUSLY
    * H1 NET LOSS (GROUP SHARE) EUR 11.5 MILLION, VERSUS NET
PROFIT
EUR +1.4 MILLION YEAR AGO
    * DISAPPOINTED ON SALES OF ATLAS FALLEN IMPACTED HALF-YEAR
PROFITABILITY
    * NET DEBT AT END-SEPT WAS EUR 118.5 MILLION
    * IN H2, PLANS TO MOBILISE €25 MILLION DUE TO THE
POSTPONEMENTS OF
BANISHERS: GHOSTS OF NEW EDEN AND WARHAMMER 40 000 : SPACE
MARINE
    * FINAL QUARTER OF 2023/2024 WILL SEE RELEASE OF BANISHERS:
GHOSTS
OF NEW EDEN, ON 13 FEB 2024, ON PLAYSTATION 5, XBOX SERIES XS
AND PC
    * H1 GROSS MARGIN 24% OF TOTAL REVENUE, DOWN VERSUS 38% YEAR
AGO
    * WILL FOCUS ON STRICT CONTROL OF RECRUITMENTS

    Further company coverage:  ALFOC.PA 

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