Frontier Dev PLC - Trading Update
In recent months demand for Frontier's immersive and creative games has increased as a result of Covid-19 lockdowns around the world. Demand during May has continued to be high, which is providing a strong finish to the financial year. The Board now expects operating profit for FY20, as reported under IFRS, to be materially ahead of the top of the previous guidance range of
All four games,
Our other games have also recently crossed sales milestones. During April
The Company expects to provide a financial year end trading update for FY20 on Monday 8th
"Lockdown is a challenge for many people, and is going on for longer than most of us expected, but it is great to see so many more people joining our communities during these difficult times across all our games.
We continue to be delighted by the engagement, passion and feedback from our players, and look forward to a bright future post-lockdown, as we believe many of our new players will stay with us for the long term."
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is
Frontier Developments +44 (0)1223 394 300
David Braben, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
Jefferies - Joint Broker +44 (0)20 7029 8000
Max Jones / William Brown
Tulchan Communications +44 (0)20 7353 4200
Matt Low / Deborah Roney / David Allchurch
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
This information is provided by RNS, the news service of the
Quick facts: Frontier Developments
Market Cap: £1.03 billion
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