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Pin to quick picksKeywords Studios Plc Share News (KWS)

Share Price Information for Keywords Studios Plc (KWS)

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Share Price: 2,374.00
Bid: 2,372.00
Ask: 2,374.00
Change: 904.00 (61.50%)
Spread: 2.00 (0.084%)
Open: 2,450.00
High: 2,498.00
Low: 2,350.00
Prev. Close: 1,470.00
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IN BRIEF: Keywords Studios eyes results towards upper end of consensus

Wed, 25th Jan 2023 11:12

Keywords Studios PLC - London-based global video games technical and creative services provider - Expects 2022 revenue to reach EUR690 million compared to previous guidance of EUR675 million. Adjusted pretax profit is expected at EUR112 million, also beating previous guidance of EUR110 million. In 2021, revenue was EUR512 million and pretax profit was EUR86 million. "The group's strong performance during the year reflected high levels of demand for our services, particularly in our Create and Globalise service lines," the company says.

Looking ahead, Keywords expects to deliver a performance towards the upper end of the recently raised analysts' consensus range for 2023, with revenue being between EUR758 million to EUR816 million, and adjusted pretax profit in the range of EUR117 million to EUR123 million. Expects organic growth to ease in 2023, but with a mid-term aim of above 10%.

Current stock price: 2,664.00 pence each, up 2.2% on Wednesday morning in London

12-month change: up 8.4%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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