Frontier Dev PLC - Trading Update
Following the trading update on
We start FY21 (the financial year ending
FY21 will also see the release of genre leading Planet Coaster on the PlayStation and Xbox consoles, and the first two game releases from Frontier's third party publishing initiative. A further three third party games have already been signed for FY22 and there is scope for more. Five or six third party game releases per year are expected from FY23 onwards.
Full financial results for FY20 are expected to be announced on Wednesday
"I'd like to thank our fantastic team for their achievements during the last financial year, particularly through the ongoing challenges of the Covid-19 situation.
We are well positioned going forward with great visibility of a fantastic range of projects over the next few years, both internal and external. We've started FY21 strongly with our current portfolio of games continuing to do very well. In this financial year we also have Planet Coaster coming to consoles and we plan to announce and release two great third party games. In addition, we have
Our future is more exciting than ever and we look forward to working with all our great partners over the coming years."
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
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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