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Keywords Studios Plc #KWS announced that trading in 2020 started in line with market expectations for the full year, with only minimal impact from COVID-19 in the first two months, due principally to the short-term disruption in China that affected its five studios there. These operations have now returned to near full production, following the return to work after the government mandated shutdowns and its subsequent implementation of social distancing and rigorous hygiene regimes in the studios, as well as some work from home measures. Separately, the company stated that whilst the Board were in a position to announce the Group's audited results for the year ended 31 December 2020 on 31 March 2020, it has decided to delay their announcement in response to guidance recently issued by the Financial Conduct Authority and the Financial Reporting Council. In line with the announcement on 30 January 2020, the Board expects to report full year revenues of approximately €326 million, representing a 30% increase on the prior year or a 15% increase on an Organic basis, Adjusted Profit Before Tax of approximately €41 million, representing an increase of 8%, and Adjusted EBITDA (excluding the impact of IFRS 16) of approximately €49.5 million, an increase of 13% on the prior year.
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