Zattikka PLC Trading Update (1424W)
23 January 2013 - 6:00PM
UK Regulatory
TIDMZATT
RNS Number : 1424W
Zattikka PLC
23 January 2013
For immediate release 23 January 2013
ZATTIKKA PLC
('Zattikka' or the 'Group')
Trading Update
Trading in line with revised market expectations
Zattikka, the online games entertainment group, today provides
the following update on trading and operational initiatives. The
Board is pleased to report that full year trading is expected to be
in line with market expectations as stated in November 2012. Key
growth areas of the business ended the year on a positive trend
with the Board confirming that pro forma revenue bookings for the
year ended 31 December 2012 will be within the range of $10.0m to
$11.0m.
Operational summary
Hattrick
The Hattrick business continues to build on the progress created
in the second half of 2012. Over a proforma 12 month period, after
a disappointing first half, post-acquisition H2 revenue bookings
were more than 20% higher than in H1. This trend is a result of
marketing campaigns stimulating both repeat and new subscriptions
of the "Supporter" product, combined with continuing product
improvements.
The focus for Hattrick remainson continued product innovation
coupled with geographic expansion.
Game Development
In November 2012, Zattikka announced that a new studio, Spellgun
was successfully split out from Concept Art House. The release by
Spellgun of the mobile and tablet versions of Legacy of a Thousand
Sunsis expected later in the first quarter of 2013. The original
Facebook and web based game experienced its best performing months
during the latter half of 2012, creating a significant potential
audience for the new mobile version of game. Sneaky Games continues
to focus on the major new franchise property, under the working
name "Hero Wars".
The Group looks forward to launching both of these games in Q1
2013.
Publishing Services
Concept Art House ("CAH") revenues in the fourth quarter of 2012
returned to expected levels, stimulated by new management and an
increased penetration into selected international markets,
especially Japan. Building on new clients previously announced, new
contracts have been signed with NgMoco for Transformers Legends and
Hellfire with contract extensions also agreed with DeNa, for its
game Ninja Royale.
Management also plans to extend the existing art and game design
services to include in-game analytics, via Zattikka's SNAP
technology and cross promotional services via the newly created
Zattikka Games Network. The Board believes the expansion of
publishing services will be an important revenue stream in the
future.
Outlook
Progress since the November 2012 trading update has been in line
with market expectations, with improving performances from Concept
Art House and Hattrick. The full year results for Zattikka will be
released in April 2013.
Ends
For further information, please contact:
Zattikka
Mark Opzoomer, Chief Executive Officer +44 (0) 20 7491 6410
Rob Gorle, Chief Financial Officer
Canaccord Genuity Limited
Nominated Adviser and Broker
Simon Bridges
Peter Stewart +44 (0) 20 7523 8000
Buchanan
Jeremy Garcia
Clare Akhurst +44 (0) 20 7466 5000
About Zattikka:
Zattikka plc is a digital games entertainment group, developing
games and providing publishing services in this sector of the
rapidly evolving multi-billion dollar global digital entertainment
market. Zattikka is executing a clear vision to become a large
scale, diverse games publisher through strategic acquisitions and
by accelerating organic growth. Headquartered in the United Kingdom
with shares listed on London's AIM (ZATT), Zattikka games studios
include Sneaky Games (USA), Spellgun (USA and China) and Hattrick
(Europe). Business to business services include high quality game
art and design services provided by Concept Art House (USA and
China) and in-game analytics insights through its bespoke SNAP
technology platform developed in London.
For more information visit www.zattikka.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDGGDBBDDBGXD
Zattikka (LSE:ZATT)
Historical Stock Chart
From May 2024 to Jun 2024
Zattikka (LSE:ZATT)
Historical Stock Chart
From Jun 2023 to Jun 2024