Keywords Studios (KWS)

Sector:

Leisure Products

Index:

FTSE AIM 50

1,289.00p
   
  • Change Today:
      23.00p
  • 52 Week High: 2,350.00p
  • 52 Week Low: 1,136.00p
  • Currency: UK Pounds
  • Shares Issued: 78.91m
  • Volume: 187,666
  • Market Cap: £1,017.16m

Keywords Studios FY profits surge amid pandemic-fuelled industry boom

By Iain Gilbert

Date: Wednesday 24 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Video game industry services company Keywords Studios said on Wednesday that profits had surged in 2020 on the back of an industry boom amid the Covid-19 pandemic.
Keywords posted an adjusted pre-tax profit of €55.0m for the year ended 31 December, up 34.5% year-on-year, while annual revenues shot up 14.4% to €373.5m as the industry-wide boom led to an increased demand for the company's services. Adjusted underlying earnings were up 28.8% at €74.2m.

The AIM-listed group also swing from a net debt position of €17.9m at the end of 2019 to having a net cash balance of €102.9m at the start of 2021.

However, despite the solid performance, Keywords opted not to declare a dividend for 2020 but said it intends to resume its progressive dividend policy at the end of the current year.

As far as the current year was concerned, Keywords said first-quarter trading had "started well", with momentum from the tail end of 2020 continuing into 2021 despite Covid-19-related impacts, with the firm also noting heightened demand across its service lines following the launch of the PlayStation 5 and Xbox XS Series consoles.

Joint interim chief executive Jon Hauck said: "As we enter 2021, we are very confident in the group's opportunity for growth due to the continued trend towards outsourcing and an increased focus on content creation in a growing video games market. This combined with our ability to increase our market share and to selectively acquire high-quality businesses will allow us to further cement our position as the 'go-to' provider of technical and creative services to a global client base."

As of 0915 GMT, Keywords shares were up 3.82% at 2,497.98p.

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KWS Market Data

Currency UK Pounds
Share Price 1,289.00p
Change Today 23.00p
% Change 1.82 %
52 Week High 2,350.00p
52 Week Low 1,136.00p
Volume 187,666
Shares Issued 78.91m
Market Cap £1,017.16m

KWS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.38% below the market average14.38% below the market average14.38% below the market average14.38% below the market average14.38% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Price Trend
60.6% below the market average60.6% below the market average60.6% below the market average60.6% below the market average60.6% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income
96.74% below the market average96.74% below the market average96.74% below the market average96.74% below the market average96.74% 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
16.61% below the market average16.61% below the market average16.61% below the market average16.61% below the market average16.61% below 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

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 10-May-2024

Time Volume / Share Price
16:38 551 @ 1,278.75p
16:35 31,183 @ 1,289.00p
16:35 135 @ 1,289.00p
16:35 147 @ 1,289.00p
16:35 21 @ 1,289.00p

KWS Key Personnel

CEO Bertrand Bodson
CFO Robert Kingston

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