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Stillfront doubles profits - the stock market cheers

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James Woodson
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Stillfront CEO Jörgen Larsson is pleased with the first quarter.

In April, the company stated that it intends to acquire development studios for a total of 50 million.

On Wednesday reported Stillfront that the company's turnover rose to 25 million in the first quarter, an increase of 113 per cent against the beginning of 2015.

Adjusted for non-recurring items, operating profit, measured as EBITDA to 10 million, compared with 4.8 million in last year's first quarter.

Shortly after the stock market opening had Stillfront rate has risen by 10 percent.

The positive development is primarily based on the success of our German studio Bytro and Swedish Cold Wood, not least because of the acclaimed game Unravel, says CEO Jörgen Larsson.

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James Woodson
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