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Frontier Developments - F1 Manager 23 launch date set: 31 July

July 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FDEV
  • Price:
  • 590p
FDEV’s trading update saw FY23 sales a tad over consensus at £104m delivered through the existing portfolio of games including Jurassic World Evolution 2 and F1 Manager 2022. Operating profit before one-off amortisation adjustments was in-line at c.£2m, reflecting continued investment in new games under wraps as Frontier gears up to deliver >2 new game releases per financial year from now on alongside new content for existing games. As anticipated last month, The Foundry, its third party games label, has been shelved in order to increase operational focus on these own releases, giving rise to an amortisation charge of £13m. First game out of the traps is F1Manager 2023, incorporating a new mode that should broaden the ga ...

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