PCF Group posted a net profit of PLN 61.37m, PLN 70.54m adjusted. EBITDA in 2021

PCF Group recorded PLN 61.37 million of consolidated net profit attributable to shareholders of the parent company in 2021 compared to PLN 24.58 million of profit a year earlier, the company said in the report. The operating profit amounted to PLN 61.66 million compared to PLN 25.59 million profit a year earlier. The EBITDA result was respectively: PLN 73.19 million compared to PLN 31.94 million a year earlier, and the adjusted EBITDA was respectively: PLN 70.54 million compared to PLN 32.6 million. Consolidated sales revenues reached PLN 180.29 million in 2021 compared to PLN 103.77 million a year earlier.

On a standalone basis, the net profit in 2021 amounted to PLN 41.75 million, compared to PLN 29.1 million in profit a year earlier.

“We are pleased with the pace at which we implemented our strategic goals last year, but we know that the market judges us primarily through the prism of our products. Activities related to the ‘Outriders’ debut were opened on February 25, 2021 by the game’s demo, released on all platforms (except Google Stadia), which in the first week from its release reached over 2 million downloads. The full game premiered on April 1, 2021 and a month after its premiere, it exceeded the number of 3.5 million unique users. The emerging technical errors slightly cooled the initial enthusiasm of players and reviewers. Together with the publisher, we immediately started the process of improving and balancing the game, ”wrote President Sebastian Wojciechowski in a letter to shareholders.

“Our ambition for 2022 is to move key projects from pre-production to production. We also do not rule out further acquisitions in the near future. We also create publishing structures within the group. We already have a team of outstanding experts in the group building the foundations for self-publishing activities. We are planning a further reconstruction of the group’s structures in order to manage the company’s growth more efficiently and to care for the satisfaction of our Aviators more effectively. We intend to continue the business and cultural transformation of the group with an emphasis on consolidating and strengthening the global nature of the People Can Fly studio and brand ”- summed up the president. PCF Group is a video game producer specializing in shooter games, cooperating with leading international game publishers.

The PCF Group runs the People Can Fly production studio, established in 2002, which is one of the three most experienced Polish producers of AAA games. The company made its debut on the WSE in 2020.

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