Key insights
6 slides
Cash position
Financial assets grew by PLN 13m to nearly PLN 84m by June 30, 2019.
Financial assets grew by PLN 13m from the end of 2018 to nearly PLN 84m by June 30, 2019. This was supported by almost PLN 20m in net cash flows from operating activities.
Sales drivers
Frostpunk and Moonlighter sales drove H1 2019 financial performance.
Strong sales of Frostpunk and Moonlighter, both over a year old, were primary drivers. Continued contributions from This War of Mine also supported performance.
Platform shift
Moonlighter reached over one million players with Nintendo Switch as leading platform.
Moonlighter had over one million players by early Q3 2019. Nintendo Switch became its leading sales platform since Q1 2019, especially after a successful Japanese launch.
Page 16 of the reportone million
Moonlighter players by early Q3 2019
Upcoming launch
Children of Morta is set to launch on PCs on September 3, 2019.
Children of Morta is set to launch for PCs on September 3, 2019, and consoles on October 15, 2019. Strong pre-release interest on Steam suggests significant commercial potential.
Page 37 of the report- 01PC launchSeptember 3, 2019
- 02Console launchOctober 15, 2019
Amortisation increase
Depreciation and amortisation more than doubled to PLN 3,038,143 in H1 2019.
Depreciation and amortisation more than doubled to PLN 3,038,143 in H1 2019. This was due to Frostpunk and Moonlighter being amortised for the full six-month period.
Currency impact
Finance income dropped by 61.7.1% to PLN 495,721 in H1 2019.
Finance income dropped by 61.7.1% to PLN 495,721 in H1 2019. The Polish złoty gained value against the USD and EUR, reversing favorable currency movements from H1 2018.
1 / 6
Ask AI about this report
Summary
Signed by: LETTER FROM THE MANAGEMENT BOARD Dear Shareholders and Investors Przemystaw Marszat Michat Drozdowski President of the Management Board Member of the Management Board Member of the Management Board Please be invited to read the Half-Year Report of 11 bit studios S.A. for the first half of 2019. During the period, we recorded over PLN 30.7m in revenue. Operating profit came in close to PLN 8.7m, with net profit above PLN 6.4m.
Cite this report
Citation
Generating citation…
