Frontier Developments PLC Trading Statement (3358T)
July 03 2018 - 1:00AM
UK Regulatory
TIDMFDEV
RNS Number : 3358T
Frontier Developments PLC
03 July 2018
3 July 2018
Frontier Developments plc
Trading Update
Frontier Developments plc (AIM: FDEV; "Frontier"), a leading
independent developer and publisher of video games, provides an
update on trading following the launch of Jurassic World
Evolution(TM) in June 2018.
Digital sales of Jurassic World Evolution, Frontier's third game
franchise, have been strong across all three platforms, (PC,
PlayStation(R)4 and Xbox One), following its digital launch on
12(th) June 2018. Physical discs are available from today for
PlayStation(R)4 and Xbox One across a number of channel
partners.
The Board's expectations for the current financial year have
increased as a result of the initial sales performance of Jurassic
World Evolution. Although it's very early in terms of both
Frontier's financial year and the life-cycle of Jurassic World
Evolution, current Board projections indicate that Frontier could
achieve total revenue for the year ending 31 May 2019 towards the
upper end of the current market analyst range (of GBP58 million to
GBP88 million). This is based on sales forecasts for Jurassic World
Evolution extrapolated from its initial performance, together with
the expected performance of Frontier's first two franchises, Elite
Dangerous(R) and Planet Coaster(R).
David Braben, Chief Executive, said:
"We are pleased with the positive reaction we have seen to the
launch of Jurassic World Evolution and its initial sales
performance. We will continue to support all three of our existing
franchises (Jurassic World Evolution, Planet Coaster and Elite
Dangerous) as we enhance their content further. We already have
future franchises in different phases of internal development and
we will continue to explore other models to accelerate our
scale-up. I look forward to providing updates on our future plans
in due course."
Frontier expects to announce its audited full year results for
the 12 months ending 31 May 2018 on Wednesday 5 September 2018.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Enquiries:
Frontier Developments +44 (0)1223 394300
David Braben, CEO / David Walsh, COO / Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
finnCap - Joint Broker
+44 (0) 20 7220 0500
Matt Goode / Giles Rolls / Alice Lane
Tulchan Communications +44 (0) 20 7353 4200
James Macey White / Matt Low
About Frontier Developments plc
Frontier Developments plc, listed on the AIM stock market (AIM:
FDEV), is a leading independent creator of self-published videogame
franchises founded in 1994 by David Braben, co-author of the
seminal 'Elite' game. Based in Cambridge, UK, Frontier uses its
proprietary 'COBRA' game development technology to create
innovative videogames for home consoles and personal computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk
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END
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