Press releases – Stillfront Group

Regulatory press release

December 15, 2015 07:40

14 December 2015

PRESS RELEASE

Stillfront announces the game Unravel to be available in stores on February 9, 2016

Stillfront Group AB (“Stillfront”) today announces that the game Unravel will be available in stores February 9, 2016. Unravel, developed by Stillfront’s studio Coldwood in cooperation with Electronic Arts Inc., EA, (NASDAQ:EA) has been awarded more than 20 awards at the leading games trade fairs E3 and Gamescom. Unravel is a puzzle platform game for PC, Sony PlayStation and Microsoft Xbox. Unravel will be marketed globally by EA via EA’s online store Origin, PlayStation Network, Xbox Games Store and other channels.

Unravel trailers are published on www.unravelgame.com.

Jörgen Larsson, Stillfront CEO comments:
“Unravel represents a major milestone for Coldwood and Stillfront. With Unravel, Coldwood has created a unique concept acclaimed by industry experts as well as the general public. The game concept with its beautiful environments and clever puzzle problems appeals to a wide audience. Along with the entire team at Coldwood, I look forward to Unravel’s availability in stores and the subsequent sales performance.”

Martin Sahlin, Creative Director, Coldwood comments:
“Gaming is a powerful platform, able to inspire players and touch their hearts. With Unravel, we’re hoping to do just that. Yarny’s quest is to mend broken bonds and the yarn represents the love and connection between people. Along the way, we’ll test your cleverness with environment-based puzzles inspired by our home in Northern Sweden.”

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

Selected games
Stillfront’s portfolio includes games across multiple platforms. Unravel, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and gamescom and is expected to be released in the first six months of 2016. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Nasdaq First North Ticker Symbol: SF

Certified Adviser: Pareto Securities phone +46 8 402 50 00

Stillfront Group AB: Stillfront announces the game Unravel to be available in stores on February 9, 2016

Regulatory press release

December 8, 2015 07:45

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

8 December 2015

Trading in Stillfront’s shares on Nasdaq First North commences today

Stillfront Group AB (“Stillfront”) announces that trading in its shares on Nasdaq First North, Stockholm commences today under the ticker “SF”. As previously announced, Stillfront has made a private placement of shares in connection with the listing (the “Offering”). The outcome of the Offering was announced on 4 December. The interest for the Offering was very strong among Swedish and international institutional investors as well as among Swedish retail investors, resulting in around 800 new shareholders. The Offering was over-subscribed multiple times.

Jörgen Larsson, CEO and founder comments:
“Together with all employees in Stillfront, I am proud and pleased of the strong interest that has been shown in becoming a shareholder of Stillfront. We welcome our new shareholders and look forward to accelerating our business strategy as a listed company, on the back of the growth capital raised in the offering.”

Advisers
In connection with the Offering, Pareto Securities is Sole Manager and Bookrunner and DLA Nordic is legal adviser to Stillfront. Pareto Securities is Certified Adviser.

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America.

Selected games
Stillfront’s portfolio includes games across multiple platforms. Unravel, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and gamescom and is expected to be released in the first six months of 2016. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Stillfront Group AB (publ)
Storgatan 8
SE 582 23 Linköping
Sweden
Reg.nr. 556721-3078
ir@stillfront.com
www.stillfront.com

Ticker symbol: SF

Pareto Securities AB is the company’s Certified Adviser, phone +46 8 402 50 00.

IMPORTANT NOTICE
This announcement is not and does not form a part of any offer for sale of securities. Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, New Zealand, Hong Kong, Japan, South Africa or any other jurisdiction in which such distribution would be unlawful or would require registration or any other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act“), and accordingly have not been offered or sold in the United States. The Company has thus not registered any offering in the United States.

The offering of securities made prior to the listing was made pursuant to applicable exemptions in the Financial Instruments Trading Act (Sw. lag (1991:980) om handel med finansiella instrument) and the Directive 2003/71/EC (such Directive, together with any amendments thereto and any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive“). The offering was made by way of a private placement and by means of an information memorandum that was prepared by Stillfront. The information memorandum does not constitute a prospectus for the purposes of the Prospectus Directive. No prospectus has been prepared by Stillfront in relation to the Offering pursuant to the Prospectus Directive and approved by the Financial Supervisory Authority of Sweden (Sw. Finansinspektionen).

Within such Member States of the European Economic Area which has implemented the Prospectus Directive (each, a “Relevant Member State“), no action has been undertaken as of this date to make an offer to the public of securities requiring a publication of a prospectus in any Relevant Member State. As a result hereof, the securities have only been offered in Relevant Member States to a qualified investor (as defined in the Prospectus Directive or under applicable law) or pursuant to another applicable exemption in the Financial Instruments Trading Act and the Prospectus Directive. For the purposes hereof, the expression an “offer to the public of securities” in any Relevant Member State means the communication, in any form, of sufficient information on the terms of the offer and the shares to be offered so as to enable an investor to decide to purchase any securities, as the same may be varied in a Relevant Member State due to the implementation of the Prospectus Directive in that Member State.

Pareto Securities has acted for Stillfront and no one else in connection with the Offering and will not be responsible to anyone other than Stillfront for providing the protections afforded to its clients or for providing advice in relation to the Offering and/or any other matter referred to in this announcement. Pareto Securities accepts no responsibility whatsoever and makes no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by Pareto Securities, or on its behalf, in connection with Stillfront and the Offering, and nothing in this announcement is, or shall be relied upon as, a promise or representation in this respect, whether as to the past or future. Pareto Securities accordingly disclaims to the fullest extent permitted by law all responsibility and liability whether relating to damages, contract or otherwise which it might otherwise have in respect of this announcement or any such statement.

Stillfront Group AB : Trading in Stillfront’s shares on Nasdaq First North commences today

Regulatory press release

December 4, 2015 12:09

Stillfront announces outcome of the Offering – trading on Nasdaq First North commences on Tuesday 8 December 2015

Regulatory press release

November 18, 2015 11:58

Stillfront announces its intention to raise equity capital by way of a private placement and subsequently list its shares on Nasdaq First North, Stockholm

Regulatory press release

November 16, 2015 11:45

July-September 2015

· Net Turnover amounted to 14.7 MSEK (7.8 MSEK).

· Underlying EBITDA(1), i.e. EBITDA adjusted for expensed investments, amounted to 3.6 MSEK (0.7 MSEK). EBITDA amounted to 1.3 MSEK (-0.9 MSEK).

· Earnings Before Tax was -0.7 MSEK (-3.0 MSEK) Earnings after tax was -1.1 MSEK (-3.0 MSEK).

· Earnings per share before dilution, amounted to -0.36 SEK (-0.96 SEK). Earnings per share after dilution, amounted to -0.36 SEK (-0.93 SEK).(2)

· As of 30 September, cash and cash equivalents amounted to 6.1 MSEK (8.3 MSEK).

January-September 2015

· Net Turnover amounted to 37.4 MSEK (22.9 MSEK).

· Underlying EBITDA(1), i.e. EBITDA adjusted for expensed investments, amounted to 8.6 MSEK (2.3 MSEK). EBITDA amounted to 2.6 MSEK (-4.9 MSEK).

· Earnings Before Tax was -3.2 MSEK (-11.2 MSEK). Earnings after tax was -4.0 MSEK (-11.2 MSEK).

· Earnings per share before dilution, amounted to -1.31 SEK (-3.70 SEK). Earnings per share after dilution amounted to -1.27 SEK (-3.60 SEK).(2)

· As of September 30, cash and cash equivalents amounted to 6.1 MSEK (8.3 MSEK).
Continued strong growth during third quarter
“We have seen continued strong growth in the interim period. The Call of War game from Bytro that was launched in May, continued to enjoy rapid growth in the quarter. Coldwood unveiled the game Unravel at The Electronics Entertainment Expo, E3, in Los Angeles in June. Unravel was named “Best Strategy Game” at gamescom, the global video games trade fair in Cologne. We plan to launch Unravel together with EA in the first half of 2016″, says Jörgen Larsson, CEO.

“Stillfront Group and its owners have decided to start preparations for a potential listing on Nasdaq First North in Stockholm. We will provide further information once the board has resolved on these issues”, comments Per Skyttvall, Chairman of the Board.

Comments by the CEO
The Stillfront Group is continuing its exciting journey. So far in 2015, our German subsidiary company Bytro has launched its latest game Call of War in a very successful way. The game was launched in May 2015 and in September generated earnings of 1.8 MSEK.

The unveiling of Unravel, the latest game from our subsidiary company Coldwood, has received a fantastic response from the industry and consumers alike. The game was announced at the two biggest trade fairs in the games world, E3 and gamescom, where it won some 20 awards. Unravel will go on sale in the first half of 2016 marketed by Electronic Arts, EA.

ManagerZone, managed by our subsidiary company PowerChallenge, in which players manage football and ice hockey teams, has built a very loyal player base. ManagerZone Football, launched in 2001, still has players who have stayed with it since its launch. During the course of the year, we have achieved good progress in our systematic efforts to raise the quality, improve turnover per paying player and making the platform scalable. This is creating fertile soil for growth in the coming years, both in existing sports and also by adding new sports to the existing platform.

It is also pleasing to see that our underlying EBITDA for the interim period was 8.6 MSEK. This indicates our PLEX strategy is working. The Stillfront strategy is to have a portfolio of games (P) through which we can reduce our title and technology risks. The games should be able to be played and remain profitable for a long period (L). Employing a technology structure with game engines (Engines – E) means we can achieve cost efficiencies via scalability. Finally, Stillfront offers games on many different technology platforms (Cross-Platform – X).

Stillfront Group is investigating the possibilities of a new share issue and subsequent listing on Nasdaq First North. We will provide further information once the board has resolved on these issues.

I view the future with great confidence. Our growth strategy is working and consumers appreciate our products. Our scalable business model also offers us the scope to take advantage of many opportunities in the coming years.

-Jörgen Larsson, CEO

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America.

Selected games
Stillfront’s portfolio includes games across multiple platforms. Unravel, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and gamescom and is expected to be released in the first six months of 2016. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

Footnotes
(1) Underlying EBITDA excludes expenses considered by management as “expensed investments”. These adjustments have not been audited or reviewed.
(2) Earnings per share have been calculated after the 7:1 consolidation of shares and ongoing withdrawal of shares.

Stillfront Group AB: Stillfront announces the game Unravel to be available in stores on February 9, 2016

Stillfront Group AB : Trading in Stillfront’s shares on Nasdaq First North commences today

Stillfront announces outcome of the Offering – trading on Nasdaq First North commences on Tuesday 8 December 2015

Stillfront announces its intention to raise equity capital by way of a private placement and subsequently list its shares on Nasdaq First North, Stockholm

Stillfront Group’s interim report January-September 2015

Stillfront invites to presentation at Avanza Bank Trading Day