Keywords Studios PLC - London-based technical services provider to the global video games industry - Revenue for the first half of 2020 is estimated to have increased 13% to EUR173.5 million from EUR153.2 million a year prior . The good performance is put down to the company's diversified service platform and the continued strong demand for most of its services. Most audio studios have opened since June, and the company is prioritising in-studio recruitment and training activities to mitigate some of constraints caused by Covid-19. Keywords Studios' adjusted earnings before interest, tax, depreciation and amortisation is expected to be approximately EUR30.8 million, an increase of 19% from EUR25.8 million a year prior. Interim results are due to be published on September 17.
Chief Executive Andrew Day said: "I am proud that our resilient and flexible platform enabled our clients to pursue their production schedules, with Keywordians continuing to show their passion to create, adapt and support our clients' great game content, despite the Covid-19 challenges. In-turn, our clients have increasingly looked to us for their outsourcing needs during this challenging time."
Current stock price: 2,016.00
Year-to-date change: up 35%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Keywords Studios Plc (KWS)