Frontier Developments (FDEV)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,722.00p
   
  • Change Today:
    -28.00p
  • 52 Week High: 3,430.00p
  • 52 Week Low: 1,692.00p
  • Currency: UK Pounds
  • Shares Issued: 39.38m
  • Volume: 42,420
  • Market Cap: £678.07m
  • RiskGrade: 195
  • Beta: 0.34

Frontier Developments reports record revenue, operating profit

By Josh White

Date: Wednesday 08 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Video games company Frontier Developments reported record full-year revenue of £90.7m in its results on Wednesday, up from £76.1m year-on-year, which it put down to "substantial contributions" from all four of its existing game franchises, together with first revenues from its third-party publishing label Frontier Foundry.
The AIM-traded firm said its "strong" trading performance and portfolio management delivered record operating profit for the 12 months ended 31 May, at £19.9m on an IFRA basis, compared to £16.6m in the 2020 financial year.

It maintained its operating profit margin at 22%, matching the performance it achieved in both the 2020 and 2019 financial years.

Cash balances totalled £42.4m at year-end on 31 May, down slightly from £45.8m a year earlier, even after its investment of £14m in Frontier and Frontier Foundry games during the year, planned for release in future periods.

Based on the anticipated ongoing performance of its existing portfolio, combined with its new release schedule, the board said its projected revenue range for the 2022 financial year was £130m to £150m, implying an annual growth rate of 43% to 65% above the record revenue it reported for 2021.

Looking further ahead, the board's projected revenue range for the 2023 financial year was £160m to £180m, based on the expected performance of its current and future game franchises, together with a growing contribution from Frontier Foundry.

"Our team did a terrific job during the 2021 financial year, creating new content and delivering new platforms for our existing games to support and grow our passionate player communities," said chief executive officer David Braben.

"We were delighted to achieve record financial results in 2021 from our existing portfolio of games franchises.

"Our team has also been busy on our future titles, and we look forward with confidence based on our strong existing portfolio and our exciting roadmap of new releases."

At 1120 BST, shares in Frontier Developments were up 1.51% at 2,695p.

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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 1,722.00p
Change Today -28.00p
% Change -1.60 %
52 Week High 3,430.00p
52 Week Low 1,692.00p
Volume 42,420
Shares Issued 39.38m
Market Cap £678.07m
Beta 0.34
RiskGrade 195

FDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.63% below the market average89.63% below the market average89.63% below the market average89.63% below the market average89.63% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
53.09% below the market average53.09% below the market average53.09% below the market average53.09% below the market average53.09% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
83.92% above the market average83.92% above the market average83.92% above the market average83.92% above the market average83.92% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 13
buy
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 29-Nov-2021

Time Volume / Share Price
15:03 7 @ 1,722.00p
15:03 100 @ 1,718.00p
15:03 23 @ 1,716.00p
15:03 4 @ 1,716.00p
15:03 48 @ 1,716.00p

FDEV Key Personnel

CEO David John Braben

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