Consolidated revenue for the period is 17 388 KSEK, up 82% compared to 9 548 KSEK for the same period of 2011. This is 1% above the previously communicated forecast of 17.2 MSEK.
Operating result for the period is 5 753 KSEK, up 49% compared to 3 858 KSEK for the same period of 2011. This result is 3% above the previously communicated forecast of 5.6 MSEK. Earnings per share for the period are 0.58 SEK.
During the period, the group had positive cash flow of 1 108 KSEK. Cash reserves on March 31st 2012 amounted to 18 518 KSEK.
Current assets of the group as of March 31st 2012 were 33 110 KSEK. Current liabilities: 8 827 KSEK. Working capital (CA-CL): 24 283 KSEK. Current ratio (CA divided by CL): 3.75. The group does not have any long-term liabilities, and has strong liquidity position.
The management announces its goal to turn G5 into a company with 300 MSEK annual revenue and 100 MSEK operating result in a couple of years. Going forward, the management aims to keep the group's long term average revenue growth at 2010/2011 levels. In connection with this announcement the management is changing quarterly forecast update policy and will not be providing quarterly guidance or updates in the future.
The management confirms the previously announced goal for the period January-December 2012 of 87 MSEK revenue and 30 MSEK operating result with EPS of 3.2 SEK. This is a forward-looking statement, and the actual result can be both above and below these numbers, depending on the performance of the group's games and certain risk factors detailed further in this report.
In Q1 2012, G5 released Magician's Handbook, Letters From Nowhere, Spirit of Wandering, Royal Trouble: Hidden Adventures, Treasure Seekers 4, The Island: Castaway, and other games for iOS. The Island: Castaway, Treasure Seekers 4 and Royal Trouble: Hidden Adventures HD achieved notable success, with the latter becoming Top 10 most downloaded game in 73 countries, and achieving Top 10 grossing game status in 34 countries and Top 100 grossing game status in 87 countries.
In March, G5 started releasing its games for Barnes & Noble Nook Color and Nook Tablet devices in USA, and so far has released five games: Virtual City, Mahjongg Artifacts, Stand O'Food, The Mystery of the Crystal Portal, and The Island: Castaway.
Also in March, G5 released Virtual City Playground - the group's first free-to-play game - for Kindle Fire through the Amazon Appstore.
Preliminarily, the date for the Annual General Meeting is set for the 19th of June 2012. The Annual Report 2011 will be available on the group's web-site on 4th June 2012. The Board will propose paying no dividend in 2011.
This interim report has not been reviewed by company's auditor.Important events after the end of the period
In April and May, G5 released a number of new games for iOS and Android platforms, including The Mystery of the Crystal Portal for Nook, The Island: Castaway for Google Play and Nook, Spirit of Wandering for Google Play, The Island Castaway for Nook, Fix-it-up: Kate's Adventures for Mac, and other games.
Free-to-play game Virtual City Playground has been updated to include additional features and content. The multi-platform game has set new records, achieving #1 Top Grossing Game positions in Canada, China, Japan, and Brazil, and Top 10 Grossing Game positions in USA, Canada and most EU countries in Mac App Store.
The total number of downloads of G5 games on iOS and Android (not counting update downloads) surpassed 50 million.More information about the company can be found at: www.g5e.se/corporateFor additional information please contact: mailto:out G5 Entertainment AB (publ)G5 Entertainment AB is a developer and publisher of high quality downloadable games for iPhone, iPad, Android, Mac, Kindle Fire, and Nook tablets. G5 develops and publishes games that are family-friendly, easy to learn, and targeted at the widest audience of experienced and novice players. G5 owns a number of popular game franchises like Virtual City, Special Enquiry Detail, Supermarket Mania, Stand O' Food, and Mahjongg Artifacts, and invests in creating new games and bringing established franchises to new gaming platforms.