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4 Nov 2019 07:00
4 November 2019
Team17 Group plc
("Team17", the "Group" or the "Company")
Trading update
Team17, a global games label, creative partner and developer of independent ("indie") premium video games, provides the following trading update for the year ended 31 December 2019.
The Company has continued to experience strong customer traction from both new and established games throughout the second half of the year and now expects both adjusted EBITDA and revenue to be ahead of market expectations for the current year.
The performance has been driven by continued sales momentum across the portfolio of titles.
Enquiries:
Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer
| via Vigo Communications
|
GCA Altium (Nominated Adviser) Adrian Reed / Paul Lines
| +44 (0)845 505 4343 |
Berenberg (Broker) Chris Bowman / Toby Flaux / Marie-Agnes Stolberg
| +44 (0)20 3207 7800 |
Vigo Communications (Financial Public Relations) Jeremy Garcia / Fiona Henson / Charlie Neish team17@vigocomms.com | +44 (0)20 7390 0238 |
About Team17
Founded in 1990, Team17 Group plc is a leading international premium video games label and creative partner for independent developers. The portfolio comprises over 100 games, including The Escapists, Genesis Alpha One, My Time at Portia, Overcooked, Yoku's Island Express, Yooka-Laylee, the Worms franchise and many more from developers around the world. Visit www.team17.com for more info.
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