Focus Home Interactive's gross profit grew 20% to €36.6M, with a gross margin of 31% (up from 29% last year), and operating profit increased 36% to €19.2M for the year ended March 31, 2020.
02
The Group held a net cash position of €18M on March 31, 2020.
03
Focus Home Interactive has established new collaborations with Saber (for new projects and porting existing titles to Nintendo Switch and mobile) and Sumo Digital (for a new multiplayer game developed by Sumo Newcastle).
04
The company successfully released "World War Z" in April 2019, developed with Saber and based on the Paramount film.
05
Focus Home Interactive held 8,295 of its own shares valued at €148,978 as part of a liquidity contract and an additional 151,759 shares under its stock buyback program as of March 31, 2020.
06
Denis Thébaud, Chairman of the Supervisory Board, is the majority shareholder of Focus Home Interactive through Nabuboto (35.4% of capital) and is also the majority shareholder in Innelec Multimédia, with which Focus Home Interactive has an ongoing commercial agreement for game distribution in France.
07
The company faces risks related to console manufacturers' approval processes, production of physical units, and potential changes in royalty rates, though obtaining console authorizations (Sony, Nintendo, Microsoft) is not considered a significant risk.
Insights
01
Focus Home Interactive's gross profit grew 20% to €36.6M, with a gross margin of 31% (up from 29% last year), and operating profit increased 36% to €19.2M for the year ended March 31, 2020.
02
The Group held a net cash position of €18M on March 31, 2020.
03
Focus Home Interactive has established new collaborations with Saber (for new projects and porting existing titles to Nintendo Switch and mobile) and Sumo Digital (for a new multiplayer game developed by Sumo Newcastle).
04
The company successfully released "World War Z" in April 2019, developed with Saber and based on the Paramount film.
05
Focus Home Interactive held 8,295 of its own shares valued at €148,978 as part of a liquidity contract and an additional 151,759 shares under its stock buyback program as of March 31, 2020.
06
Denis Thébaud, Chairman of the Supervisory Board, is the majority shareholder of Focus Home Interactive through Nabuboto (35.4% of capital) and is also the majority shareholder in Innelec Multimédia, with which Focus Home Interactive has an ongoing commercial agreement for game distribution in France.
07
The company faces risks related to console manufacturers' approval processes, production of physical units, and potential changes in royalty rates, though obtaining console authorizations (Sony, Nintendo, Microsoft) is not considered a significant risk.