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IN BRIEF: Keywords Studios eyes results towards upper end of consensus

ALN

Keywords Studios PLC - London-based global video games technical and creative services provider - Expects 2022 revenue to reach €690 million compared to previous guidance of €675 million. Adjusted pretax profit is expected at €112 million, also beating previous guidance of €110 million. In 2021, revenue was €512 million and pretax profit was €86 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 €758 million to €816 million, and adjusted pretax profit in the range of €117 million to €123 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

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