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Stillfront Group Year-End Report 2020

Highlights Q4:

  • Net revenue of 1,080 (551) MSEK, an increase of 96 percent compared to the fourth quarter of 2019
  • Adjusted EBITDA (EBITDA excluding items affecting comparability) of 460 (209) MSEK, an increase of 121 percent
  • Adjusted EBIT of 399 (177) MSEK, an increase of 125 percent, Adjusted EBIT margin of 37 (32) percent
  • Items affecting comparability impacting EBIT amounted to -43 (-5) MSEK, mainly driven by transaction costs related to the acquisitions of Sandbox Interactive and Super Free Games. Amortization of PPA-items amounted to -111 (-38) MSEK
  • EBIT of 245 (135) MSEK, an increase of 81 percent
  • Financial net of -57 (-19) MSEK
  • Net result of 163 (87) MSEK
  • Net result per share undiluted of 0.49 (0.32) SEK. Net result per share diluted of 0.49 (0.32) SEK
  • Net debt of 1,814 (820) MSEK and adjusted leverage ratio, pro forma of 0.9 (0.9)x
  • Cash position of 1,005 MSEK and 2,534 MSEK of undrawn long-term credit facilities
  • Stillfront´s Board of Directors proposes no dividend for 2020. Stillfront aims to invest its profits and cash flows in organic growth initiatives and acquisitions.

Quote from the CEO

“Stillfront continues to show strong growth and high profitability. Our group net revenues amounted to 1,080 MSEK in the fourth quarter, an increase by 96% compared to the same period last year. Adjusted EBIT amounted to 399 MSEK in the quarter, implying an adjusted EBIT margin of 37%, or almost 5 percentage points higher than the same period last year. Our revenue growth in the quarter was impacted by high volatility in the prices of online marketing early in the period as well as a continued impact from FX headwinds. As we enter the new year, we are excited about the opportunities ahead. We have had a positive start to the year, with strong performance across our game portfolio in January. Although we are entering a period of tough comparison numbers in the short term due to the strong positive impact that Covid-19 had on our business in the same period last year, we expect continued positive momentum going forward.”

Jörgen Larsson, CEO, Stillfront

Invitation to webcast
Jörgen Larsson, President & CEO, and Andreas Uddman, CFO, will present the interim report in a live webcast at 10:00 a.m. CET today. The conference will be held in English.

To participate via webcast, please visit:

To participate via phone, please call:
SE: +46 8 519 993 83
UK: +44 333 300 92 73
US: +1 833 249 8407

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Stillfront develops digital games for a diverse global audience and our broad games portfolio is enjoyed by around 50 million people every month.


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