Gameloft achieved consolidated sales of EUR122.0 million for 2009, up by
11% from the previous year. On a comparable exchange rate basis, growth in
2009 reached 10%.
In EUR millions 2009 2008 Variation
1st quarter 30.8 25.3 +22%
2nd quarter 29.3 25.0 +17%
3rd quarter 30.1 26.2 +15%
4th quarter 31.8 33.8 -6%
Total 2009 122.0 110.3 +11%
Fourth quarter sales reached EUR31.8 M, down 6% from the previous year. This decline in sales is due to Gameloft's withdrawal from boxed games in January 2009 and to the drop in the dollar. On a like-for-like basis, sales in the last quarter of 2009 were up 7%.
Europe represented 39% of full-year sales in 2009, North America 32% and the rest of the world 29%. In 2008, Europe accounted for 43% of sales, North America 30% and the rest of the world 27%.
Mobile games accounted for 94% of the company's sales in 2009. The remaining 6% are related to consoles game sales. Gameloft's mobile gaming activity continued to show solid growth in 2009. Full-year revenues from this segment grew by 12% due to the huge success of Gameloft games on Apple's App Store. In the last quarter of 2009, iPhone revenues for the company reached EUR7.0 M, up 115%, significantly exceeding initial expectations of EUR4.4 M.
As anticipated, Gameloft's profitability should increase dramatically. The operating margin before stock options is expected to reach between 8% and 9% in 2009 compared to 3% in 2008.
The company is expecting further growth in 2010 in terms of revenue and profitability. In the long term, Gameloft is in an ideal position to benefit from the rapid emergence of digitally distributed video games on mobile phones, tablets, consoles and from major technological innovations brought to the market by companies such as Apple, Palm, Nokia and Google.
Gameloft's annual results for 2009 will be published on 23 March 2010 after the market closes.
About Gameloft
Gameloft is a leading international publisher and developer of downloadable video games. For 10 years, Gameloft has been established as one of the top innovators in its field. The company creates games for mobile phones, smartphones, iPhone and iPod touch. Gameloft games are also available to players on WiiWare(R), DSiWare, Microsoft(R) Xbox LIVE(R) Arcade and PlayStation(R)Network. Partnership agreements with leading licenses such as UNO(R), Ferrari(R), Shrek(R), CSI(TM) and Sonic Unleashed(TM) allow Gameloft to form strong relationships with international brands. In addition to the partnerships, Gameloft owns and operates titles such as Real Football, Asphalt and Brain Challenge(R).Gameloft is present on all the continents with its own production studios, employing over 3,500 developers, and distributes its games in over 100 countries. Gameloft is listed on Euronext Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA)
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