Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,302.00p
   
  • Change Today:
      44.00p
  • 52 Week High: 2,808.00
  • 52 Week Low: 1,245.50
  • Currency: UK Pounds
  • Shares Issued: 78.90m
  • Volume: 523,723
  • Market Cap: £1,027.24m

Keywords Studios hikes forecasts amid solid second half

By Josh White

Date: Monday 20 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Video games technical and creative services provider Keywords Studios updated the market on its trading on Monday, upgrading its expectations for the year amid a solid second-half, following a "strong performance" in the first.
The AIM-traded firm said demand for its services was being driven by a "buoyant" video games market, and the industry's focus on new content creation.

It had continued to benefit from a reduction in certain costs due to Covid-19, primarily relating to remote working, property costs, travel and business development.

As a result, Keywords said it now expected that full-year revenue for the year ending 31 December would be at least €505m, making for 35% year-on-year growth, with adjusted profit before tax of more than €85m, for year-on-year growth of 55% - both ahead of current consensus forecasts.

Keywords said it expected the trading momentum to continue into 2022, giving the board "confidence" in delivering 2022 revenue at the upper end of the current consensus forecasts among analysts.

At the same time, it continued to expect adjusted profit before tax margins to moderate towards its historic levels of around 15%, as certain costs returned with the easing of restrictions and as it continued to invest in the platform and people.

"Keywords continues to perform strongly, driven by high levels of demand for our services, as we grow our capabilities, reach and scale," said chief executive officer Bertrand Bodson.

"Having started to meet with many of our people, studios and customers, I am excited about the opportunity to capitalise on the group's unique full service platform to deliver an ever more compelling proposition for the buoyant video games market, and adjacent content industries.

"I have been impressed by the ambitious team at Keywords, which is highly driven to continue to build on the group's successful organic and acquisitive growth track record."

Keywords said it would provide a further update with its scheduled trading update at the end of January.

At 0943 GMT, shares in Keywords Studios were up 4.7% at 2,628p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

KWS Market Data

Currency UK Pounds
Share Price 1,302.00p
Change Today 44.00p
% Change 3.50 %
52 Week High 2,808.00
52 Week Low 1,245.50
Volume 523,723
Shares Issued 78.90m
Market Cap £1,027.24m

KWS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.63% below the market average29.63% below the market average29.63% below the market average29.63% below the market average29.63% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
61.94% below the market average61.94% below the market average61.94% below the market average61.94% below the market average61.94% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
96.72% below the market average96.72% below the market average96.72% below the market average96.72% below the market average96.72% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
21.76% below the market average21.76% below the market average21.76% below the market average21.76% below the market average21.76% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

KWS Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-24 05-Oct-23
Paid 28-Jun-24 27-Oct-23
Amount 1.76p 0.85p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 100,471 @ 1,302.00p
16:35 2,015 @ 1,302.00p
16:35 2,389 @ 1,302.00p
16:35 454 @ 1,302.00p
16:35 354 @ 1,302.00p

KWS Key Personnel

CEO Bertrand Bodson
CFO Robert Kingston

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