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Zoo Digital sees double-digit interim revenue growth

By Iain Gilbert

Date: Wednesday 23 Sep 2020

Zoo Digital sees double-digit interim revenue growth

(Sharecast News) - Localisation and digital distribution services provider Zoo Digital said on Wednesday that it expects to deliver double-digit revenue growth in the six-months ended 30 September.
Zoo said it had been able to "adapt seamlessly" to current customer needs through its end-to-end vendor model, something it branded a "strong endorsement" of its business model.

The AIM-listed group anticipates recording "significant" year-on-year first-half growth in dubbing sales, despite the impact of Covid-19 on the production of new titles.

"It is safe to say that the pandemic continues to have a negative effect on our customers and their traditional suppliers," said Zoo.

"However, this has not affected our ability to attract new customers for these services which we expect will deliver substantial revenue growth to Zoo in the long-term."

Zoo highlighted that third-quarter orders were "significantly ahead" of any other quarter in the group's history.

As of 1035 BST, Zoo Digital shares were up 6.14% at 60.50p.

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