10TACLE STUDIOS AG: Turnover doubled and EBIT more than tripled
Further expansion of international positioning intended / A wide range of products to be released
Darmstadt, 3rd May 2006 - 10TACLE STUDIOS
AG, with a turnover of 17.9 million Euro in the business year
ended, was able to more than double last year's result (2004:
8.4 million Euro). In 2005, compared to the same period of
time in the year before, the EBIT increased by roughly 362%
to 1.684 million EUR (2004: 0.364 million EUR). Also the
number of employees more than doubled: At the end of 2005,
168 people were permanently employed at the development and
production company for high-end computer and video games
(2004: 66), of those roughly 132 in product
development.
"We have been profitable the second year in a row and with
more than 130 highly qualified game developers, we are one of
the biggest independent development and production companies
in Europe. This position is an excellent basis for the
further expansion of our company", explains Michele Pes, CEO
of 10TACLE STUDIOS AG. 10TACLE STUDIOS AG presently owns six
development studios and thus has unique development know-how
in Europe.
With its six development studios in Europe and Asia, the
company located in Darmstadt produces top-quality games
meeting international quality standards for the segments of
growth in the games market.
In April 2006, Munich Venture Partners (MVP) took a share in
10TACLE STUDIOS AG with the help of their fund established in
collaboration with the Fraunhofer Gesellschaft for financing
innovative high tech companies. The strategic partnership
also grants 10TACLE STUDIOS AG access to the technological
potential of Fraunhofer Institutes.
In the current fiscal year 2006, the international
positioning is to be further strengthened by the takeover of
additional top-class development studios. At the same time,
with the projected new releases, the company's positioning in
the markets for Next-Generation-content and
Massive-multiplayer-gaming is further expanded. Thanks to
agreements, 10TACLE was able to secure the development costs
for four Next-Generation-products amounting to 20 million
Euros.
For further information:
www.10tacle.com
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About 10TACLE STUDIOS:
10TACLE STUDIOS AG (www.10tacle.com) is the
leading independent development and production company for
high-end computer and video games in Europe. Founded in
August 2003, the company has pushed to become even more
international and presently owns five development studios in
Europe and Asia. More than 180 employees work for the company
at its headquarters in Darmstadt and at the development sites
in Darmstadt, Hanover, London, Charleroi, Bratislava and
Singapore. With its product portfolio, 10TACLE STUDIOS AG
covers all relevant segments of growth in the games market
and produces top-quality products meeting international
development standards.