ReportPullup Entertainment
Annual Financial Report and CSR Report: 2022/2023
97 pages~311 min full read
Key insights
5 slides
Name change
Focus Home Interactive became FOCUS ENTERTAINMENT on April 1, 2022.
The company changed its name to better reflect its main business lines and values.
New studio
FOCUS ENTERTAINMENT acquired 66.67% of WW1 Game Series B.V. for €5.5 million.
The acquisition on September 5, 2022, made the renamed BlackMill Games B.V. the sixth development studio to join the Group.
Headcount growth
The average workforce increased from 307 to 398 between March 2022 and March 2023.
Production roles grew from 201 to 269, and administration roles grew from 52 to 85.
Financial commitments
Commitments to studios and right holders increased to €152,398 by March 2023.
These commitments rose from €120,786 on March 31, 2022, with €68,311 due within one year.
New leadership
Sean Brennan was appointed CEO on January 5, 2023.
He is supported by Deputy CEOs Christophe Nobileau and John Bert, while Fabrice Larue became Chairman of the Board.
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Summary
ANNUAL FINANCIAL REPORT AS OF 31 MARCH 2023 1. INTRODUCTION pages 3 to 7 2. DECLARATION BY THE CHIEF EXECUTIVE OFFICER page 8 3. MANAGEMENT REPORT pages 9 to 24 4. REPORT ON CORPORATE GOVERNANCE pages 25 to 34 5. STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 MARCH 2023 pages 35 to 37 6.
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