FinancialFocus Home Interactive
Annual Financial Report & Corporate Social Responsibility Report 2020/21
1 Jan 2021106 pages~286 min full read
Focus Home Interactive achieved record-breaking fiscal 2020/21 results with €171 million in revenue, a 20% year-over-year increase, and a 29% rise in operating profit to €24.8 million.
Digital distribution accounted for 89% of total revenue, supported by the success of SnowRunner and a 63% surge in back-catalogue sales from titles like World War Z and Farming Simulator.
The company executed a strategic pivot toward internal development and 'AA' production through the acquisitions of Deck13 Interactive and Streum On Studio, followed by a €70.35 million capital increase to fund future growth.
Governance underwent a major restructuring, establishing Neology Holding as the primary shareholder and achieving gender parity on the Management and Supervisory Boards.
The Group maintained a strong financial position with €68.5 million in equity and a net cash position of €7 million, choosing to retain all annual profits to support its expansion pipeline.
The company incurred a €2.9 million European Commission fine for historical geo-blocking practices while simultaneously launching a CSR strategy that achieved 100% renewable electricity usage and an 84/100 gender equality index.
Focus Home Interactive achieved record-breaking financial results for the 2020/21 fiscal year ending March 31, 2021, characterized by a 20% increase in consolidated revenue to €171 million and a 29% rise in operating profit to €24.8 million. This performance was primarily driven by the commercial success of the million-selling title SnowRunner and a 63% surge in back-catalogue sales from established franchises like World War Z and Farming Simulator. A critical driver of this growth was the continued shift toward digital distribution, which accounted for 89% of total revenue.
The period represented a transformative strategic pivot from a pure publishing model toward internal development and "AA" title production. This transition was marked by the acquisitions of Deck13 Interactive and Streum On Studio, alongside a significant overhaul of the Group’s governance and ownership. Neology Holding emerged as the primary shareholder, and the company restructured its Management and Supervisory Boards to enhance oversight and achieve gender parity. To fund future external growth, the Group successfully executed a €70.35 million capital increase post-closing, significantly strengthening its liquidity position.
From a corporate responsibility perspective, the Group launched its inaugural CSR strategy focused on player safety, environmental commitment, and responsible employment. While the company reported a solid gender equality index of 84/100 and transitioned to 100% renewable electricity, it faced a €2.9 million European Commission fine related to historical geo-blocking restrictions. Despite pandemic-related risks and a competitive market for talent, the Group maintained a robust balance sheet with €68.5 million in equity and a net cash position of €7 million, opting to retain all annual profits to fuel its ambitious expansion pipeline.
