Week Ahead: Keywords Studios PLC going for new high score

The February trading update sent analysts scurrying to their calculators to upgrade their forecasts

Fun for all

Services provided by Keywords Studios are used by 21 of the 25 games developers, so Tuesday's results should give a clue as to the state of the industry.

The February trading update sent the analysts that follow the stock running to their spreadsheets to update their forecasts, as the company said full-year revenues and adjusted profit before tax would be “comfortably ahead” of consensus forecasts.

Broker Numis now expects revenue of around €57.8mln and adjusted profit before tax of €7.8mln.

“We think that Keywords is likely to have generated organic revenue growth of about 20% in the year, supplemented by acquisitions to c.55% total, and to have delivered stable margins,” Numis's Will Wallis said.

“At the time of these results in particular we expect management to have a clearer perspective on major customers’ likely demand through 2016 than was available at the time of the trading update. We model organic growth in 2016 of 10%, alongside stable margins, which we believe is potentially conservative. We also continue to expect material acquisitions in due course, although we have no reason to believe that an acquisition will take place alongside the results,” Wallis added.

Significant announcements expected


Finals: Belvoir Lettings PLC (LON:BLV)

Trading statements: Cranswick PLC (LON:CWK)

Economic: UK – Construction PMI; US – Factory Orders.


Finals: AA plc (LON:AA.), Card Factory PLC (LON:CARD), EKF Diagnostics Holdings PLC (LON:EKF), Hostelworld Group PLC (LON:HSW), Instem PLC (LON:INS), Keywords Studios (LON:KWS), Martinco PLC (LON:MCO) , Moss Bros Group PLC (LON:MOSB), Silence Therapeutics PLC (LON:SLN), Thalassa Holdings Ltd (LON:THAL)

Trading statements: International Consolidated Airlines Group (LON:IAG), Tate & Lyle PLC (LON:TATE)

Economic: UK – Services PMI; US – ISM Non-manufacturing PMI, JOLTS Job Openings; Trade Balance.


Finals: HSS Hire Grp PLC (LON:HSS), ServicePower Technologies PLC (LON:SVR), Styles & Wood Group PLC (LON:STY)

Trading statements: Topps Tiles PLC (LON:TPT)

Economic: US – Crude oil inventories, FOMC meeting minutes


Finals: Alliance Pharma PLC (LON:APH), Belgravium Technologies PLC (LON:BVM), Netscientific PLC (LON:NSCI), Puretech Health PLC (LON:PRTC), Ubisense Group PLC (LON:UBI)

Interims: Imperial Innovations Group PLC (LON:IVO)

Trading statements: Dunelm Group PLC (LON:DNLM), Marks & Spencer Group PLC (LON:MKS), Victrex PLC (LON:VCT)

Economic: UK – Halifax House Price Index; EU – ECB Monetary Policy Meeting Accounts; US – Unemployment Claims


No results expected

Economic: UK – Trade Balance, Manufacturing Production.

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