Umeå, Sweden. Apr 5th, 2012
Swedish game developer, publisher & operator Stillfront Group posts very strong FY2011 financial results.
Stillfront’s 2011 year continues to proof the group’s strong financial position, showing above industry average margins, reaching an EBITDA of 20% and 18% organic growth, achvieved in part through a outstanding performance of the game service “Playzeek” and the PS3 Move launch title “The Fight”.
‘We are very happy to announce that our rapid expansion of Playzeek and record sales of The Fight has enabled us to show strong 2011 figures and accelerate our growth.’
says CEO & Founder of Stillfront Group Jörgen Larsson.
About Stillfront Group
Stillfront Group´s Business concept is to develop, publish and operate online social games, console/handheld games and digital entertainment. The company has offices in Uppsala, Umeå Sweden and Hong Kong, China with more than 25 full-time employees. Stillfront Group’s online gaming branch is a pioneer online game developer specializing in creating Fan Immersion Games based on high profile IPs. Online activities also include social gaming community sites and MMO development. The console branch of the company Coldwood is producing blockbuster titles to the PS3, PC and Xbox platforms, with Publishers like Sony Entertainment.
For more information, please contact:
Jörgen Larsson
CEO and Founder of Stillfront Group
jorgen.larsson@stillfront.com
Phone: +46 (0)70 321 18 00