The latest news about Stillfront Group and our Studios
St Louis, Missouri/New York SEPTEMBER 20, 2016 Stillfront's Studio Simutronics Closes Co-Publishing Agreement with Tilting Point Simutronics Corp, a studio within Stillfront Group AB (publ), has entered into a co-publishing agreement regarding a new mobile game with New York based publishing partner Tilting Point®. Under the agreement, Tilting Point will provide comprehensive publishing services and market the game globally. Simutronics will retain all rights to the IP related to the game. The game, which is yet to be named, will offer a competitive multiplayer experience for mobile gamers. A launch date will be communicated later as the game nears completion. Simutronics, Stillfront's most recent acquisition, is a leading developer of strategy games and mobile games such as DragonRealms, GemStoneIV and Lara Croft Relic Run(TM), the latter with more than 18 million downloads. Tilting Point is a leading publishing partner for top independent developers. Led by veterans of Electronic Arts, Zynga and Gameloft, Tilting Point has profound expertise in mobile game publishing, covering key areas such as user acquisition, data management and CRM. Their games include the Apple Design Award-winning Leo's Fortune®and other mobile hits like Languinis(TM) and Photo Finish Horse Racing(TM). Jörgen Larsson, CEO, Stillfront Group, comments "I am very excited to announce this very important milestone for Simutronics and Stillfront Group. Tilting Point is an industry leader in mobile games marketing, and through Simutronics' deep skills within mobile game design and development, we are setting up a winning team," Jörgen Larsson, CEO, Stillfront Group, comments. David Whatley, CEO, Simutronics, comments "I am tremendously proud of the devoted Simutronics team and the fantastic game we have developed. I am looking forward to working together with the resourceful team of Tilting Point," says David Whatley, CEO, Simutronics. Dan Sherman, President, Tilting Point, comments "Simutronics is a pioneer in online multiplayer engagement, with technical and design strengths that have earned them decades of fan loyalty. Tilting Point is proud to partner with this prestigious team to help their game reach the largest possible audience," said Dan Sherman, President and Co-Founder, Tilting Point. For additional information, please contact: Jörgen Larsson, CEO at Stillfront Phone: +46 70 321 18 00 E-mail: email@example.com Sten Wranne, CFO at Stillfront Phone: +46 705 851258 E-mail: firstname.lastname@example.org About Stillfront Stillfront is an independent creator, publisher and distributor of digital games - with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront's games are distributed globally. The main markets are 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 was released in February 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. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game developed by Simutronics. Nasdaq First North Ticker Symbol: SF Certified Adviser: Avanza Bank, phone +46 8 4094 2120 This information is information that Stillfront Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 CEST on September 20, 2016.
Continued Very Strong Development for Stillfront Group Stillfront issued its Interim Report for the period January - June 2016 on August 26. CEO Jörgen Larsson comments: "Stillfront has during the first half of 2016 achieved two milestones that I am very proud of: We have launched two games - Coldwood's Unravel and Bytro's New World Empires. We have also made our first acquisition as a listed company by acquiring a majority stake in Simutronics. Both milestones are fully in line with Stillfront's strategy PLEX. Further, the Board of directors has been strengthened by the addition of two very competent and experienced directors: Annette Brodin Rampe and Mark Miller. Stillfront's revenues increased by 114% as compared to the first half of 2015. The profitability is still very strong and our prime profitability metric, EBITDA excluding expensed investments, amounted to 20.3 MSEK, corresponding to an all time high profit margin of 42%." Highlights of the report: • Net revenues amounted to 48.4 MSEK (corresponding period 2015: 22.7 MSEK), which is an increase of 114% compared to the corresponding period 2015. • EBITDA excluding expensed investments amounted to 20.3 MSEK (5.1 MSEK), which is an increase of 299%. EBITDA including expensed investments amounted to 9.5 MSEK (1.2 MSEK). • Profit/loss before tax was 6.2 MSEK (-2.5 MSEK), which is an improvement of 8.7 MSEK. Profit/loss after tax was 2.8 MSEK (-2.9 MSEK). • Earnings per share before dilution amounted to 0.54 SEK (-0.97 SEK). Earnings per share after dilution amounted to 0.53 SEK (-0.94 SEK). • As of June 30 cash and cash equivalents amounted to 76.5 MSEK (6.2 MSEK). • Remaining 49% of Bytro Labs GmbH acquired in June. Stillfront now owns 100% of Bytro Labs. • Acquisition of a majority stake in Simutronics Corp was made in June. Simutronics is consolidated as of June 1, 2016. • Bytro launched New World Empires, a free-to-play game in the Grand Strategy Games genre. • Sales of Unravel commenced February 9 and has been very satisfying. Coldwood has entered an agreement with Electronic Arts regarding the development of a sequel to Unravel. Key figures, The Group MSEK 2016Apr-Jun 2015Apr-Jun 2016 Jan-jun 2015 Jan-Jun 2015 Jan-Dec Net Revenues 23.1 10.8 48.4 22.7 57.1 Growth in revenues 114% 114% EBITDA excl investments 10.3 0.3 20.3 5.1 12.9 EBITDA margin excl investments 44.5% 2.8% 42.0% 22.3% 22.6% EBITDA incl investments 2.9 -1.8 9.5 1.2 4.0 EBITDA margin incl investments 12.7% -16.6% 19.7% 5.5% 7.1% Profit/loss before tax 0.3 -3.8 6.2 -2.5 -4.5 The full report, in English and Swedish, is published on the Stillfront website, section Investors/Financial Reports.
PRESS RELEASE JULY 6, 2016 Stillfront: Growth in number of players, increased loyalty Stillfront Group AB ("Stillfront") currently has nine game titles, of which eight are online games. In addition, there is a number of long tail games. Stillfront continuously monitors the number of active users of the online games on a monthly basis (MAU - Monthly Active User) and daily basis (DAU - Daily Active User). During the second quarter of 2016, the average number of MAUs was 224,226. The number of DAUs was 69,494 on average during the quarter. The corresponding figures for the second quarter of 2015 were 155,826 MAU and 50,619 DAUs. Thus, the second quarter 2016 achieved an increase of 44% regarding the number of MAU and 37% regarding the number of DAUs as compared with the second quarter of 2015. During the first quarter of 2016 the average number of MAUs was 278,712 and the average number of DAUs was 80,550. During the second quarter of 2016 the number of MAUs decreased by 19%, and the number of DAUs decreased by 14% as compared with the first quarter of 2016. The improved DAU / MAU ratio - often referred to as stickiness - increased from 29% to 31%, which indicates that the players who were recruited during the second half of 2015 and the initial part of 2016 demonstrate an increasing activity and loyalty. The above numbers pertain to the four largest games as ranked by revenues, i.e. Call of War, Supremacy 1914, ManagerZone Football and ManagerZone Hockey. Jörgen Larsson, CEO, Stillfront Group, comments "I am happy to note that our games are very attractive to our players, and that the share of daily recurring players has increased. I see this as as acknowledgement that our games offer entertainment to our players for a long period of time, which is exactly in line with Stillfront's strategy", Jörgen Larsson, CEO, Stillfront Group, comments. FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Jörgen Larsson, CEO at Stillfront Phone: +46 70 321 18 00 E-mail:email@example.com Sten Wranne, CFO at Stillfront Phone: +46 705 851258 E-mail:firstname.lastname@example.org ABOUT STILLFRONT Stillfront is an independent creator, publisher and distributor of digital games - with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront's games are distributed globally. The main markets are 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 was released in February 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. DragonRealmsand GemStone IV are MUD-style games with a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game developed by Simutronics.
Stockholm, Sweden/St Louis, Missouri June 21, 2016 Stillfront Group AB (publ) today announces its acquisition of the majority of the shares in Simutronics Corp. Simutronics, based in St Louis, Missouri, was founded in 1987 by David Whatley, who is the CEO of the company. David Whatley is a highly respected industry veteran and acts as speaker regularly in different industry contexts such as GDC, iDEV360, Unite and many more. Simutronics has developed and is operating the games GemStone IV and DragonRealms. Both of which are MUD-style text-based games with a very loyal player base. Further, Simutronics is a well renowned and profitable mobile games developer, having developed Tiny Heroes™, One Epic Knight™ and Lara Croft Relic Run™. Lara Croft Relic Run™ has been a great success with more than seventeen million downloads. With this acquisition Stillfront adds both a new Strategy games genre as well as mobile game capabilities to the Group. Simutronics is currently developing its own IP in the mobile strategy game area, to be announced. Simutronics currently has 20 employees and reached over 2 MUSD in revenues during 2015. David Whatley will remain the CEO of Simutronics and continue to lead the talented team. Jörgen Larsson, CEO, Stillfront Group, comments ”Simutronics and Stillfront constitutes an excellent fit. We share the philosophy and cornerstones of Stillfront’s PLEX strategy and Simutronics will strengthen Stillfront’s position in a number of areas, for instance in the mobile space and Unity development. I am extremely pleased to have David Whatley and his entire team at Simutronics as a valuable strategic addition to the Stillfront family”, Jörgen Larsson, CEO, Stillfront Group, comments. David Whatley, CEO, Simutronics, comments ”I am excited for Simutronics to be joining forces with Stillfront Group. We share a common vision and objectives, and I firmly believe this will be a great strategic advantage for both companies”, David Whatley, CEO, Simutronics Corp., comments.
Stockholm, Sweden. June 16th, 2016 Annette Brodin Rampe and Mark Miller, respectively, were elected at the annual general meeting May 18th as new directors of the board for the period until the next annual general meeting. “Stillfront Group extends warm welcome to our new board directors who adds decades of their invaluable experiences at home and abroad among various organizations on listed companies, international M&A, asset management, strategic investment, entrepreneurship and beyond. ” Says Per Skyttvall, Chairman of the Board of Stillfront Group. We are excited to welcome our new board director Annette Brodin Rampe who brings not only her 20 years of successful board level experience in Nordic large-cap companies, e.g Norske Skog, but also her great experience in industrial economics, marketing & organisation. We are excited to welcome our new board director Mark Miller who has an international background in various countries and corporations in asset management, strategic analysis, international M&A and went on to found his own international M&A firms CatCap GmbH with more than 500 employees across 38 countries. We look forward to our new board directors' contributions to the board and Stillfront Group for future development! About Annette Brodin Rampe Annette holds a Master of Science in Industrial Chemistry from Chalmers University of Technology. Annette is the Managing Partner for Europe of Brunswick since November 2014. Before joining Brunswick in 2007, Annette was Senior Vice President of Sales and Marketing at E.ON Sverige AB. She also served as Chief Executive of Senea, a listed Swedish data systems company. Annette brings with her 20 years of successful board level experience in Nordic large-cap companies, among others Norske Skog, Vattenfall and Peab. Born 1962. About Mark Miller Mark studied economics and business at the University of Witten/Herdecke and the University of Texas at Austin under a scholarship from the Association of German-American Clubs and a Fulbright scholarship. Holding a BA in business administration, he worked at Deutsche Bank in the corporate client and asset management businesses before joining Bertelsmann AG as a strategic investment analyst. Mark is the founder and managing partner of CatCap GmbH, an international M&A firm. He has been involved in more than 100 successful transactions. Born 1973.