Report
Aurelien Sivignon

Focus Entertainment : Les yeux désormais rivés sur T4

>Résultats S1 en territoire négatif / Nouvelle politique d’amortissement des jeux  - Focus a publié des résultats S1 en baisse (clôturés à fin septembre). Pour un CA (déjà publié) en progression de 30% à 85 M€, porté par le back-catalogue, le taux de marge brute ressort en plus forte baisse qu’anticipé, à 24.3% (vs 28.8%e) soit un retrait de 14 pts y-o-y. La MB est pénalisée par le raté d’Atlas Fallen mais aussi la hausse des D&A et des frais marketing, conséquence d’...
Underlying
Focus Home Interactive SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Aurelien Sivignon

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Matthias Desmarais
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