Focus Entertainment acquired 77.5% of Dotemu for €53.5M on September 30, 2021, resulting in goodwill of €60.7M and significantly increasing the gross value of goodwill from €6.257M to €72.747M.
02
The company's commitments to studios and right holders dramatically increased from €39.290M in 2021 to €120.786M in 2022, with €59.183M due within one year.
03
Focus Entertainment paid a €2.9M fine to the European Commission on July 12, 2021, related to an investigation into alleged technical and contractual restrictions on PC game circulation in Europe.
04
The proportion of sales billed in US dollars was 55% of consolidated revenue as of March 31, 2022, exposing the company to currency risk, though game sales in USD can partially offset USD-denominated costs.
05
The company bought back 181,643 shares by March 31, 2022, as part of a program authorizing the buyback of up to 250,000 shares, and held 299,365 of its own shares at that date.
06
A non-competition agreement was signed with CEO Christophe Nobileau on April 1, 2022, effective for his tenure and 18 months post-departure.
07
The Supervisory Board met 14 times during the year ended March 31, 2022, with an average attendance rate of 84%, before its dissolution on April 1, 2022, due to the adoption of a Board of Directors.
Insights
01
Focus Entertainment acquired 77.5% of Dotemu for €53.5M on September 30, 2021, resulting in goodwill of €60.7M and significantly increasing the gross value of goodwill from €6.257M to €72.747M.
02
The company's commitments to studios and right holders dramatically increased from €39.290M in 2021 to €120.786M in 2022, with €59.183M due within one year.
03
Focus Entertainment paid a €2.9M fine to the European Commission on July 12, 2021, related to an investigation into alleged technical and contractual restrictions on PC game circulation in Europe.
04
The proportion of sales billed in US dollars was 55% of consolidated revenue as of March 31, 2022, exposing the company to currency risk, though game sales in USD can partially offset USD-denominated costs.
05
The company bought back 181,643 shares by March 31, 2022, as part of a program authorizing the buyback of up to 250,000 shares, and held 299,365 of its own shares at that date.
06
A non-competition agreement was signed with CEO Christophe Nobileau on April 1, 2022, effective for his tenure and 18 months post-departure.
07
The Supervisory Board met 14 times during the year ended March 31, 2022, with an average attendance rate of 84%, before its dissolution on April 1, 2022, due to the adoption of a Board of Directors.