Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

141.00p
   
  • Change Today:
      4.80p
  • 52 Week High: 631.00
  • 52 Week Low: 107.00
  • Currency: UK Pounds
  • Shares Issued: 39.48m
  • Volume: 154,535
  • Market Cap: £55.66m
  • RiskGrade: 195

Frontier Developments FY profits slide on softened revenues

By Iain Gilbert

Date: Wednesday 09 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Video games developer Frontier Developments said on Wednesday that full-year profits had fallen as a result of a reduction in revenues.
In the twelve months ended 31 May, Frontier recorded revenues of £76.0m, a 15% drop year-on-year, and pre-tax profits of. £16.6m - down from £19.4m a year earlier. Earnings per share fell to 41.3p from 46.9p

However, operating margins remained flat 22% and cash balances improved from £35.3m to £45.8m.

On the operational front, the AIM-listed group said Planet Zoo, its major new release for 2020, had become its biggest-selling game to-date on PC - with over 1.0m base game units sold in less than six months.

Looking forward, Frontier said sales across all its games had been consistent with expectations so far in its 2021 trading year after a strong close to the prior year and stated it was on track to deliver record revenues of £90.0m to £95.0m in the current year.

Chief executive David Braben said: "During the lockdown, we have seen an accelerated move towards digital sales of games and many more people becoming gamers, as games become an ever-more vital component of the entertainment industry.

"Rich, community-focused games like ours that are attractive to play but take years to master, have performed very well during these challenging times, and we have every expectation of them continuing to do so, notwithstanding the macroeconomic uncertainties presented by the Covid-19 pandemic."

As of 1325 BST, Frontier Developments shares were up 0.68% at 2,401.25p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FDEV Market Data

Currency UK Pounds
Share Price 141.00p
Change Today 4.80p
% Change 3.52 %
52 Week High 631.00
52 Week Low 107.00
Volume 154,535
Shares Issued 39.48m
Market Cap £55.66m
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.46% above the market average17.46% above the market average17.46% above the market average17.46% above the market average17.46% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Price Trend
87.77% below the market average87.77% below the market average87.77% below the market average87.77% below the market average87.77% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Income Not Available
Growth
83.42% above the market average83.42% above the market average83.42% above the market average83.42% above the market average83.42% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 2
Neutral 7
Sell 1
Strong Sell 0
Total 10
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FDEV Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 7,833 @ 141.00p
16:35 1 @ 141.00p
16:35 186 @ 141.00p
16:35 153 @ 141.00p
16:35 1,320 @ 141.00p

FDEV Key Personnel

CEO Jonathan (Jonny) Francis Watts
CFO Alex Bevis

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