Focus Entertainment : All eyes now on Q4
>H1 results in negative territory/new game amortisation policy - Focus reported lower H1 results (to end-September). On already-reported sales up 30% at € 85m, driven by the back-catalogue, the gross margin came in lower than expected, at 24.3% (vs 28.8%e) or a contraction of 14 pts y-o-y. The gross margin was undermined by the flop for Atlas Fallen but also higher D&A and marketing expense, following a line-up of 9 games in H1 (vs 2 in N-1). With fixed costs seeing ...Focus Home Interactive SA is France-based company principally engaged in the video games industry. The Company publishes interactive video games. The Company produces the catalogue, Focus, which publishes and distributes original titles, such as Blood Bowl, the strategy games Wargames, Sherlock Holmes, TrackMania, Runaway, Cities XL, Cycling Manager and Farming Simulator, among others. The Company has also games under development, such as The Technomancer, Act of Aggression, Vampyr, Call of Cthulhu, as well as several games based on Games Workshop Warhammer and Warhammer licenses: Blood Bowl 2, Space Hulk, Mordheim, and Battlefleet Gothic. The Company operates in France and overseas.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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