Dublin-headquartered Keywords Studios says it is performing “stronger than expected” despite the impact of Covid-19. Adjusted profit before tax this year is predicted to be around €52m, up from €40.9m in 2019, according to a trading update. This reflects good underlying margin improvement, despite revenue constraints, driven by operational leverage and good cost control, together with a reduction in certain costs due to Covid-19, such as travel. Revenue for the year to December 31 is expected to be in line with company compiled consensus of €367m. The improved performance reflects “robust demand” for the group’s services despite previously stated Covid-19 production constraints.

Source: Irish Independent November 24, 2020 08:26 UTC