TIDMZATT

RNS Number : 8621B

Zattikka PLC

09 April 2013

 
 For immediate release   9 April 2013

ZATTIKKA PLC

('Zattikka' or the 'Group')

Trading Update

Q1 Trading builds upon progress in Q4

Zattikka, the online games entertainment group, today provides the following update for the three months ended 31 March 2013.

The Board is pleased to report that revenue bookings in Q1 werein the range of $2.8m -$3.0m, up 8-15% on the prior quarter and in-line with management expectations. Cash and cash equivalents were approximately $1.1m as at 31 March 2013. As stated on 23 January 2013, pro forma revenue bookings for the year ended 31 December 2012 will bewithin the range of $10.0m to $11.0m.

Operational summary

Hattrick

The Hattrick business continues to strengthen, delivering record post-acquisition bookings for March and strong first quarter results. This performance improvement has been driven by the new global pricing structure announced on 6 March 2013 with the introduction of multiple pricing plans to provide a premium game package for the most loyal supporters and new lower entry points for different markets. Over 14,000 supporters have upgraded to the higher "Platinum" level and we have started to see new subscribers at the entry "Silver" level. Overall subscribers, including free trials, have increased by 2k to 145k at 31 March.

Elsewhere, the team has made good progress extending Hattrick's reach into new markets, with specific focus on Russia and Eastern Europe. An increasing focus during 2013 will be changes to the front end of the game to engage players earlierand increase the active user base.

Other Game Development

During the quarter, SpellgunStudio's team continued to work on the mobile and tablet versions of the'Legacy of a Thousand Suns' game ("Legacy"),which was approved for release in the App Store in mid-March and has started testing in the CanadianApp Store, where it currently has over a four-star rating. The Group expects Legacy to be released worldwide in April after further release upgrades. Early reviews and metrics are encouraging.

Sneaky Games continues to focuson the launch of 'Arena of Heroes' ("Arena"),a game which leverages the Group's analytics, art and game design capabilities. A distinguishing feature of Arena is its ability to play seamlessly across tablets, mobile, PC and Mac. The website is now live www.arenaofheroes.com, founders' pack sales have begun and an encouraging PC/Mac open beta weekend was held over the Easter weekend. We expect worldwide release in Q2 based on final release amendments.

Finally, as announced on 12 March, the Group hassigned a new licence agreement with Games Workshop for the Titans from their world renowned'Warhammer40,000 'universe which will leverage the Arena platform.

Publishing Services

Concept Art House ("CAH") continues to trade in-line with management plans and is now beginning to benefit from the recent additions to the executive management team in both the U.S and China. Q1 2013 will be the highest revenue quartersince acquisition. CAH is now well placed to add scale to the business. CAH alsoshowcased a new sales programme at Game Developers Conference in San Francisco at the end of March.

Outlook

The Board is pleased with the encouraging start to 2013. Zattikka continues to make good strategic progress across all of its business divisions. The new business development pipeline is strong within CAH. Spellgun and Sneaky look forward to key game launches during the second quarter of 2013. Significant operational improvements have been made within Hattrick and the new global pricing plan is expected to deliver further tangible benefits within the current financial year.

Zattikka will now publish preliminary results for the year ended 31 December 2012 in May.

Ends

For further information, please contact:

 
Zattikka 
Mark Opzoomer, Chief Executive Officer   +44 (0) 20 7491 6410 
Rob Gorle, Chief Financial Officer 
 Canaccord Genuity Limited 
  Nominated Adviser and Broker 
  Simon Bridges 
  Peter Stewart                           +44 (0) 20 7523 8000 
 Buchanan 
  Jeremy Garcia 
  Clare Akhurst                           +44 (0) 20 7466 5000

About Zattikka:

Zattikka plc is a digital games entertainment group, developing games and providing publishing services in this sector of the rapidly evolving multi-billion dollar global digital entertainment market. Zattikka is executing a clear vision to become a large scale, diverse games publisher through strategic acquisitions and by accelerating organic growth. Headquartered in the United Kingdom with shares listed on London's AIM (ZATT), Zattikka games studios include Sneaky Games (USA), Spellgun (USA and China) and Hattrick (Europe). Business to business services include high quality game art and design services provided by Concept Art House (USA and China) and in-game analytics insights through its bespoke SNAP technology platform developed in London.

For more information visit www.zattikka.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTDGGDSBDGBGXI

Zattikka (LSE:ZATT)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Zattikka Charts.
Zattikka (LSE:ZATT)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Zattikka Charts.