31st Jan 2019 10:02
LONDON (Alliance News) - Shares in Keywords Studious PLC climbed Thursday as it guided for strong growth in profit and both organic and reported revenue.
For 2018, the video games services firm guided for revenue of at least EUR250 million, well above the EUR151.4 million achieved a year prior. Organic growth in revenue was 10%.
Keywords' adjusted pretax profit is guided to be EUR37.8 million, from EUR23.0 million in 2017.
Keywords said "almost" all of its seven service lines had a strong year, with Player Support and Engineering in particular doing well.
Localisation Testing, however, had a more disappointing year on the back of some titles moving from the last quarter of 2018 into 2019.
Chief Executive Andrew Day commented: "We are pleased with the group's continued organic growth, in a year in which our markets were impacted by the Fortnite phenomenon.
"This together with the group's successful acquisitive growth has seen us increase revenues and profit before tax by approximately 65% in the year."
Shares were 9.4% higher on Thursday at a price of 1,181.33 pence each.
Related Shares:
Keywords Studios Plc