Business Update

RNS Number : 4764Z

Frontier Developments PLC

27 May 2016

 

27 May 2016

Frontier Developments plc

Business Update

Frontier Developments plc (AIM: FDEV, "Frontier", the "Group"), a leading developer of video games, announces the following update.

Elite: Dangerous

Frontier yesterday launched the next major expansion of Elite Dangerous: Horizons, 'The Engineers'. This release comes slightly earlier than previously anticipated following a successful Beta period, and in combination with sales performance to date, will have a positive impact on revenues and profitability in the financial year to 31 May 2016. The Group has also announced that it plans to release Elite Dangerous: Horizons for Xbox One on 3 June.

Planet Coaster

Frontier released the second Alpha build of Planet Coaster, the Group's second self-published franchise, on schedule on 24 May. The Alpha 2 build delivers further creative tools to the Planet Coaster Alpha community including terrain deformation and the next iteration of coaster construction and is a step along the roadmap towards full release, which remains on track for the final quarter of 2016.

David Braben, Chief Executive of Frontier Developments, said:

"The six week additional development time before the release of 'The Engineers' has greatly improved the quality of the game overall. Due to the success of the beta, we have managed to release a few days earlier than originally expected.

Planet Coaster continues to progress well and we continue to receive highly encouraging feedback. The full release in the final calendar quarter of 2016 will complete our transition to fully self-publishing our own output."

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Neil Armstrong, CFO
Numis - Nomad and Joint Broker	[phone]
Simon Willis/Jamie Lillywhite/Toby Adcock
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

Important Note

The information contained in this announcement about the sales of Elite: Dangerous and Planet Coaster does not constitute a profit estimate or profit forecast in respect of the Group or any guidance as to the likely profits of the Group.

About Frontier Developments plc 

Frontier Developments plc, quoted on the AIM market of the London Stock Exchange (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game.

Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.

Notes to Editors

Alpha and Beta are common terms used to describe pre-release versions of software. Alpha releases are typically focused on a limited feature set compared to the final version, whilst Beta releases approach full functionality with some aspects remaining work-in-progress.

www.frontier.co.uk 

 

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