Keywords Studios FY pre-tax profits expected to be 'significantly ahead' of consensus

Video games group Keywords Studios expects to deliver a full-year adjusted pre-tax profits "significantly ahead" of current market consensus.

Keywords said on Tuesday that adjusted pre-tax profits would be approximately €52.0m, reflecting underlying margin improvement and driven by operational leverage and good cost control, together with a reduction in certain costs due to Covid-19, such as travel.

Revenues were expected to be in line with company compiled consensus of €367.0m, up from €326.5m in the previous year, as a result of robust demand for the AIM-listed group's services despite production constraints as a result of the coronavirus pandemic.

Chief executive Andrew Day said: "We are pleased the group is delivering such a robust performance, with continued organic growth and underlying margin improvement, despite the production constraints in some parts of the business."

As of 0900 GMT, Keywords shares were up 3.12% at 2,180.0p.