Gameloft - Record First-Quarter Sales of EUR22.7 Millions

    PARIS, April 30 /PRNewswire-FirstCall/ --
     - Growth Reaches 54% in the First Quarter of 2007
     Gameloft generated consolidated sales of EUR22.7 M ($30.9 M) in the
 first quarter of 2007, up by 54% from the previous year. On a comparable
 consolidation and exchange rate basis, growth would have reached 66%.
     In EURM                   2007          2006      Variation
     1st quarter               22.7          14.8        +54%
     In the first quarter of 2007, Europe accounted for 44% of sales, North
 America 39% and the rest of the world 17%.
     The sharp increase in the company's sales is a result of:
     - the continued success of Gameloft's back catalogue, thanks in
 particular to the large number of games released in 2006 (45 new games were
 released in 2006 compared to just over 20 in 2005);
     - and the immediate success of the games launched in the first quarter
 of 2007, such as Desperate Housewives, Lost, Real Football 2007, Tennis
 Open 2007 feat. Lleyton Hewitt, etc.
     The company's strong performance in the first quarter of 2007 shows
 that it is perfectly positioned to take advantage of the rapid growth in
 the mobile games market. The worldwide installed base of Java phones
 reached 1.2 billion units in 2007[1] and is expected to double in the
 coming years. With its catalogue of 130 mobile games distributed by more
 than 170 operators around the world, Gameloft is now beginning to reap the
 benefits of the massive investments made in previous years.
     The better-than-expected growth in its activity over the first three
 months of the year is prompting the company to fine-tune its 2007 sales
 target. Gameloft is now forecasting annual sales of EUR95 to 100 M (versus
 its previous estimate of EUR90 to 100 M), i.e. annual growth of 39 to 46%.
 The company is also confirming its operating margin target (excluding
 employee stock-based compensation) in excess of 10% for 2007.
     Second quarter sales will be published July 26, 2007.
     Contact: Anne-Laure Descleves
     Tel: +33-(0)1-58-16-20-82
     anne-laure.descleves@gameloft.com
     [1] Source: Ovum
 
 

SOURCE Gameloft