Stillfront Group AB (publ)
STO:SF

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Stillfront Group AB (publ) Logo
Stillfront Group AB (publ)
STO:SF
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Price: 6.455 SEK 1.25% Market Closed
Market Cap: 3.3B SEK

Stillfront Group AB (publ)
Investor Relations

Stillfront Group AB engages in the developing, publishing, and distributing digital games. The company is headquartered in Stockholm, Stockholm and currently employs 1,381 full-time employees. The company went IPO on 2015-12-08. The firm operates through a number of near-autonomous subsidiaries, including Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the United Kingdom and Sweden, and Dorado Online Games in Malta, Simutronics in the United States, and Babil Games in United Arab Emirates and Jordan, among others. The firm's games portfolio includes Call of War, DragonRealms, ManagerZone Football, Lara Croft Relic Run, Supremacy 1914 and Unravel, among others. The games are distributed globally, however the main markets are Sweden, Germany, the United States, United Kingdom, Middle East and North Africa.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Revenue Decline: Group net revenue fell to SEK 1,373 million, down 14% year-on-year, mainly due to weakness in North America.

Margin Expansion: Adjusted EBITDAC increased to SEK 436 million with a margin of 32%, up 8 percentage points, driven by reduced user acquisition costs.

Europe Returns to Growth: Europe achieved organic growth just under 1% for the first time since Q1 2024, with new game launches expected in Q4.

North America Turnaround: North America revenues dropped 32.9% year-on-year but EBITDAC margin improved to 15% after significant cost cuts.

MENA & APAC Strength: MENA and APAC saw over 18% franchise growth with strong double-digit gains in key titles and a 57% EBITDAC margin.

Cost Program Success: Cost optimization program concluded one quarter early, achieving targeted fixed and direct cost reductions.

Deleveraging Progress: Net debt reduced by nearly SEK 800 million year-on-year to SEK 5.1 billion; leverage ratio down to 2.06x.

Positive Free Cash Flow: LTM free cash flow rose to SEK 974 million, up from SEK 835 million last year.

Key Financials
Net Revenue
SEK 1,373 million
Organic Revenue Growth
-7.8%
User Acquisition Costs (UAC)
SEK 336 million
Adjusted EBITDAC
SEK 436 million
Adjusted EBITDAC Margin
32%
Gross Margin
83%
LTM Free Cash Flow
SEK 974 million
Net Debt
SEK 5.1 billion
Net Debt to EBITDA
2.06x
Europe Net Revenue
SEK 643 million
Europe Adjusted EBITDAC
SEK 154 million
Europe Adjusted EBITDAC Margin
24%
North America Net Revenue
SEK 246 million
North America Adjusted EBITDAC
SEK 36 million
North America Adjusted EBITDAC Margin
15%
MENA/APAC Adjusted EBITDAC
SEK 276 million
MENA/APAC Adjusted EBITDAC Margin
57%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alexis Bonte
Interim Chief Executive Officer
No Bio Available
Mr. Jörgen Larsson
Founder & President
No Bio Available
Dr. Fabian Ritter
Co-Founder and Technical Director
No Bio Available
Mr. Andreas Uddman
President of Finance & Global Functions and Group CFO
No Bio Available
Mr. Bjorn Tonne
Executive VP & Group Chief Information Officer
No Bio Available
Ms. Marina Yurjevna Andersson
Executive VP of Corporate Development and M&A
No Bio Available
Mr. Phillip Knust
Executive VP & Group Chief Product Officer
No Bio Available
Mr. Armin Busen
Senior Vice President of Business Operations
No Bio Available
Mr. Alexandre Salem
Senior Vice President of Operations & Platforms
No Bio Available
Ms. Amy Lee
Senior Vice President of Synergies & Operations
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Kungsgatan 38
Contacts