Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

237.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 400.00p
  • 52 Week Low: 152.00p
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 201,494
  • Market Cap: £346.28m

Acquisitions underpin full-year growth for Team17

By Josh White

Date: Wednesday 30 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Video games developer, creative partner and label Team17 reported a 9% improvement in revenue in its unaudited final results on Wednesday, to £90.5m.
The AIM-traded firm said its gross profit was ahead 16% year-on-year in the 12 months ended 31 December, at £45.5m, as its gross profit margin rose to 50% from 47%.

Its adjusted EBITDA was 18% firmer at £35.8m, while its profit before tax was ahead 11% at £29.1m.

Cash and cash equivalents narrowed 10%, however, to £55.3m.

Basic earnings and diluted earnings per share were both 8% higher year-on-year, at 18.3p and 18.2p respectively, while they were both 16% firmer on an adjusted basis at 22.1p.

Operating cash conversion came in at 101% for the year, compared to 109% in 2020.

"Our group now has its most diverse range of owned intellectual property, third-party and licensed IP targeting the broadest audiences across multiple platforms," said chief executive officer Debbie Bestwick.

"We have made great strides over the last few years to build out our portfolios, laying strong foundations for future years.

"The acquisitions have enabled us to expand not just our content portfolio but also our skillset and customer reach, taking us into new territories and markets, and enabling us to leverage the group collectively in a way we could never have imagined a few years ago."

At 1031 BST, shares in Team17 Group were down 6.78% at 550p.

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Team17 Group Market Data

Currency UK Pounds
Share Price 237.50p
Change Today 2.50p
% Change 1.06 %
52 Week High 400.00p
52 Week Low 152.00p
Volume 201,494
Shares Issued 145.80m
Market Cap £346.28m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.34% below the market average36.34% below the market average36.34% below the market average36.34% below the market average36.34% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
66.29% below the market average66.29% below the market average66.29% below the market average66.29% below the market average66.29% 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 Not Available
Growth
40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average40.43% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Team17 Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:35 159 @ 234.90p
14:23 258 @ 231.30p
14:22 681 @ 231.25p
14:17 1 @ 235.25p
14:16 34 @ 231.25p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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