Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

 305.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 350.00
  • 52 Week Low: 152.00
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 129,781
  • Market Cap: £444.70m

Expanded Team17 meets expectations in its first half

By Josh White

Date: Thursday 14 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Video games developer, creative partner and label Team17 Group said in an update on Thursday that trading in the six months ended 30 June was in line with its expectations.
The AIM-traded firm said the enlarged group, including recent strategic acquisitions, had delivered "significant growth" against the first half, once again showing record half-year revenue and adjusted EBITDA performance.

Looking ahead, Team17 said it had a "solid and high-quality" portfolio of new releases planned for the second half, which, alongside continued back catalogue performance, was expected to drive a more second-half weighted performance than previous years.

The board said it remained mindful of ongoing macroeconomic uncertainty and inflationary pressures, the impact of which remained in line with its expectations.

Team17 said its recent acquisitions had all settled "well" into the group, and were delivering incremental earnings.

In addition, the senior management teams were exploring group synergies to leverage portfolio breadth, as it strengthened its entertainment portfolio offering.

"I am delighted with Team17's first half performance, trading in line with our expectations," said chief executive officer Debbie Bestwick.

"Pleasingly, our new acquisitions, led by our talented and committed management teams, have worked incredibly well together across all parts of the group, and we are all looking forward to a busy and productive second half.

"The Group now has more evergreen own intellectual properties than ever before, alongside a phenomenal back catalogue portfolio, and in StoryToys, a growing subscription model."

Debbie Bestwick said new releases included additions to many established franchises and licensed global brands, alongside "exciting" new original properties that were tracking well.

"We have made a solid start to 2022 and remain confident about the near-term prospects for the group despite the ongoing broader macro-economic climate."

Team17 said it would announce its results for the six months ended 30 June in September.

At 1147 BST, shares in Team17 Group were flat at 390p.

Reporting by Josh White at Sharecast.com.

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

 

Team17 Group Market Data

Currency UK Pounds
Share Price 305.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 350.00
52 Week Low 152.00
Volume 129,781
Shares Issued 145.80m
Market Cap £444.70m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
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 19-Jul-2024

Time Volume / Share Price
16:36 263 @ 305.00p
16:35 354 @ 305.00p
16:35 157 @ 305.00p
16:35 18 @ 305.00p
16:35 179 @ 305.00p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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