Trophy Games increases 2021 YoY revenue with 35%
Publish date: 22 Feb 2022 22:50Regulatory
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Company Announcement No. 1-2022
Copenhagen, 22 February 2022
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Management Commentary
A successful IPO last April kickstarted the new growth plan that led to two acquisitions, upscaling and full speed on new ideas and game development.
Our strategy to expand our portfolio contributes to our future growth. Two thirds of our staff worked on upcoming games during 2021, and the heart of our development is our focus to give the users a world class experience.
We strongly believe that the best people make the best games, which is why we in 2021 have invested in both international recruitment and professional development. In 2022, we are looking forward to expand the team further.
The past years we have been able to grow our revenue as well as the development of our new games, in accordance with our strategy. We expect our efforts will bear even more fruits in 2022, and we will continue to develop our business for long term success in the coming years. We would like to thank the whole team at Trophy Games, all our partners and our shareholders for the past year. In particular, we would like to thank our players for their commitment to our games. We will continue to invest in players first, now and in the future.
.
Highlights
Strong revenue and user growth
Group revenue 2021 was DKK 41.5m, which is 35% higher than 30.8m DKK in 2020.
Unique paying users total 2021 was 106,410, which is 63% higher than 65,343 in 2020.
Total installs 2021 was 6.1m which is 75% higher than 3.5m in 2020.
Successful IPO and Acquisitions
DKK 59.3m raised from IPO in April. Net DKK 54.4m after IPO cost.
Xombat acquired April 26th and Tiny Titan Studios acquired December 31st. 100% of the shares in both companies were purchased.
Plenty of gunpowder left for the future growth plan. End of 2021 the company has DKK 37.7m in cash and cash equivalents.
EBITDA was DKK 2.2m for the year, which is DKK -3.3m compared to DKK 5.5m in 2020.
Scaling of organization
The Trophy Games organization grew from 23 to 40 employees.
Mariana Chucri hired as our new CFO in accordance with our IPO plan.
Guidance 2022
Trophy Games maintains guidance of DKK 70-80m in revenue and DKK 4-8m in EBITDA for the full year of 2022.
.
.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
.
Certified Adviser
Grant Thornton
Jesper Skaarup Vestergaard
Mobile (+45) 3179 9000
Stockholmsgade 45, 2100 Copenhagen Ø, Denmark
About Trophy Games
Trophy Games is an innovative, Denmark-based game studio who develops and publishes mobile and PC games. The Company develops and publishes games with strategy and management challenges and predominantly focuses on football themed games. Recently, the Company has ventured into additional game genres and the suite of games to be released in 2021 include an esports manager title and an auto battler title.
Since its official inception in 2006, the Company has developed and released six different games: (i) Trophy Manager (released 2006), (ii) Football Management Ultra (released 2013), (iii) Pro 11 - Football Manager Game (released 2017), (iv) Women's Soccer Manager (WSM) - Football Management (released 2017), (v) Futuball - Future Football Manager Game (released 2019) and (vi) Five - esports manager game (released 2021). Furthermore, the Company has announced its release of a seventh (Warhammer AoS: Soul Arena) game in January 2022. All games are released in +20 different languages to ensure broad global user accessibility.
Trophy Games acquired 100% of Xombat ApS in April 2021, who's major title Airline Manager 4 is live. Trophy Games has announced that a new title called Shipping Manager will be released in 2022.
Trophy Games announced in December 2021 they have also acquired 100% ownership of Tiny Titan Studios, who has made the arcade game title Tiny Rails.
With the vision of becoming the world's leading strategy game studio, the Company has throughout the years strived to provide endless entertainment and challenging gameplay for all users, following its mission; "we create games, we want to play ourselves".
Since its inception, the Company has developed exponentially and has grown significantly in both staffing, game portfolio and number of users, and naturally revenue.
Trophy Games is currently a team of 40 FTEs of which 33 FTEs is our great team of game developers.
Link:
https://trophygames.newsroom.cision.com/releasedetail.html?trophy-games-increases-2021-yoy-revenue-with-35-&releaseIdentifier=188766346C5CE9AA
Trophy Games har en betalt digital IR aftale med ProInvestor.com
Publish date: 22 Feb 2022 22:50Regulatory
.
Company Announcement No. 1-2022
Copenhagen, 22 February 2022
.
Management Commentary
A successful IPO last April kickstarted the new growth plan that led to two acquisitions, upscaling and full speed on new ideas and game development.
Our strategy to expand our portfolio contributes to our future growth. Two thirds of our staff worked on upcoming games during 2021, and the heart of our development is our focus to give the users a world class experience.
We strongly believe that the best people make the best games, which is why we in 2021 have invested in both international recruitment and professional development. In 2022, we are looking forward to expand the team further.
The past years we have been able to grow our revenue as well as the development of our new games, in accordance with our strategy. We expect our efforts will bear even more fruits in 2022, and we will continue to develop our business for long term success in the coming years. We would like to thank the whole team at Trophy Games, all our partners and our shareholders for the past year. In particular, we would like to thank our players for their commitment to our games. We will continue to invest in players first, now and in the future.
.
Highlights
Strong revenue and user growth
Group revenue 2021 was DKK 41.5m, which is 35% higher than 30.8m DKK in 2020.
Unique paying users total 2021 was 106,410, which is 63% higher than 65,343 in 2020.
Total installs 2021 was 6.1m which is 75% higher than 3.5m in 2020.
Successful IPO and Acquisitions
DKK 59.3m raised from IPO in April. Net DKK 54.4m after IPO cost.
Xombat acquired April 26th and Tiny Titan Studios acquired December 31st. 100% of the shares in both companies were purchased.
Plenty of gunpowder left for the future growth plan. End of 2021 the company has DKK 37.7m in cash and cash equivalents.
EBITDA was DKK 2.2m for the year, which is DKK -3.3m compared to DKK 5.5m in 2020.
Scaling of organization
The Trophy Games organization grew from 23 to 40 employees.
Mariana Chucri hired as our new CFO in accordance with our IPO plan.
Guidance 2022
Trophy Games maintains guidance of DKK 70-80m in revenue and DKK 4-8m in EBITDA for the full year of 2022.
.
.
Contact Information
TROPHY GAMES Development A/S
Søren Gleie, CEO
Office (+45) 7172 7573
Email: soren@trophy-games.com
Mikkel Bryggers Gade 4, 2. sal, 1460 Copenhagen K, Denmark
.
Certified Adviser
Grant Thornton
Jesper Skaarup Vestergaard
Mobile (+45) 3179 9000
Stockholmsgade 45, 2100 Copenhagen Ø, Denmark
About Trophy Games
Trophy Games is an innovative, Denmark-based game studio who develops and publishes mobile and PC games. The Company develops and publishes games with strategy and management challenges and predominantly focuses on football themed games. Recently, the Company has ventured into additional game genres and the suite of games to be released in 2021 include an esports manager title and an auto battler title.
Since its official inception in 2006, the Company has developed and released six different games: (i) Trophy Manager (released 2006), (ii) Football Management Ultra (released 2013), (iii) Pro 11 - Football Manager Game (released 2017), (iv) Women's Soccer Manager (WSM) - Football Management (released 2017), (v) Futuball - Future Football Manager Game (released 2019) and (vi) Five - esports manager game (released 2021). Furthermore, the Company has announced its release of a seventh (Warhammer AoS: Soul Arena) game in January 2022. All games are released in +20 different languages to ensure broad global user accessibility.
Trophy Games acquired 100% of Xombat ApS in April 2021, who's major title Airline Manager 4 is live. Trophy Games has announced that a new title called Shipping Manager will be released in 2022.
Trophy Games announced in December 2021 they have also acquired 100% ownership of Tiny Titan Studios, who has made the arcade game title Tiny Rails.
With the vision of becoming the world's leading strategy game studio, the Company has throughout the years strived to provide endless entertainment and challenging gameplay for all users, following its mission; "we create games, we want to play ourselves".
Since its inception, the Company has developed exponentially and has grown significantly in both staffing, game portfolio and number of users, and naturally revenue.
Trophy Games is currently a team of 40 FTEs of which 33 FTEs is our great team of game developers.
Link:
https://trophygames.newsroom.cision.com/releasedetail.html?trophy-games-increases-2021-yoy-revenue-with-35-&releaseIdentifier=188766346C5CE9AA
Trophy Games har en betalt digital IR aftale med ProInvestor.com
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