Zoo Digital Group (ZOO)

Sector:

IT Services

Index:

FTSE AIM All-Share

35.23p
   
  • Change Today:
    -1.18p
  • 52 Week High: 197.50
  • 52 Week Low: 21.75
  • Currency: UK Pounds
  • Shares Issued: 97.86m
  • Volume: 725,339
  • Market Cap: £34.47m

Zoo Digital FY EBITDA expected to have more than doubled

By Iain Gilbert

Date: Tuesday 20 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Software firm Zoo Digital said on Tuesday that full-year underlying earnings were expected to have more than doubled, driven by an acceleration in revenues and cost control measures implemented amid the Covid-19 pandemic.
Zoo Digital said revenues for the year ended 31 March were now expected to be $39.5m, up 33% year-on-year and ahead of previous management guidance of at least $38.0m, while EBITDA was pegged to more than double from $2.1m to roughly $4.5m.

Net cash on 31 March, prior to the receipt of proceeds of the group's recent share placing, was $2.9m, a marked improvement on the $700,000 the group had on hand at the same time last year, reflecting strong cash generation and tight management of costs.

The AIM-listed group stated the past year had seen an "accelerated evolution of the entertainment sector" as the Covid-19 pandemic temporarily stalled production of new titles and led to consumer take-up of on-demand streaming services growing "considerably".

It also highlighted that some film and TV productions had started to resume, with the second half of the 2021 calendar year expected to see the completion of "significant numbers" of new titles.

Chief executive Stuart Green said: "We have delivered a strong second-half performance as streaming services seek to grow their customer bases internationally and on a global scale.

"Looking ahead, we expect new title production to resume and back catalogue migration to continue. Q1 of our new financial year has begun well."

As of 0850 BST, Zoo Digital shares were up 5.83% at 118.0p.

Email this article to a friend

or share it with one of these popular networks:


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

 

ZOO Market Data

Currency UK Pounds
Share Price 35.23p
Change Today -1.18p
% Change -3.23 %
52 Week High 197.50
52 Week Low 21.75
Volume 725,339
Shares Issued 97.86m
Market Cap £34.47m

ZOO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.37% above the market average6.37% above the market average6.37% above the market average6.37% above the market average6.37% above the market average
59.52% above the sector average59.52% above the sector average59.52% above the sector average59.52% above the sector average59.52% above the sector average
Price Trend
82.17% below the market average82.17% below the market average82.17% below the market average82.17% below the market average82.17% below the market average
87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average
Income Not Available
Growth
81.70% above the market average81.70% above the market average81.70% above the market average81.70% above the market average81.70% above the market average
84.09% above the sector average84.09% above the sector average84.09% above the sector average84.09% above the sector average84.09% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZOO Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
12:47 10,000 @ 35.33p
12:46 10,000 @ 35.33p
12:42 100 @ 35.33p
12:38 591 @ 35.33p
12:26 10,000 @ 35.54p

ZOO Key Personnel

CEO Stuart Green
CFO Phillip Blundell
Chair Gillian Wilmot

Top of Page