Phil Elliott
10:45 (BST)
13/08/2007
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Infogrames sales up 13 per cent
Atari parent posts strong revenues, but net debt is up
Infogrames Entertainment posted first fiscal quarter results today that showed sales up overall by 13 per cent, subject to finalisation of Atari's results.
Revenues hit EUR 50.1 million, up EUR 5.7 million from a year ago, with 69 per cent of that coming in Europe - while sales in the US were down by 50 per cent.
Meanwhile net debt was up EUR 16.8 million since the last quarter, although that figure doesn't include drawdowns available since new credit facilities were provided on June 20, 2007.
The most popular formats for the company were the Sony PlayStation Portable and Nintendo DS, making up 35 per cent of sales, while the PlayStation 2 took 32 per cent.
The three next-gen consoles made a fifth of sales, while the PC platform took 12 per cent of the overall figure.
Despite the rise in revenues, the company was keen to point out that this was a traditionally quiet time of year, and that sales in this quarter weren't "indicative of the anticipated sales for the rest of the year."
The company's share price rose 4.8 per cent following the announcement of these results.
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