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Yippee! Team17 smashes expectations again

10/01/2020 · Abcam (ABC)  · Breedon Group (BREE)  · Nichols (NICL)  · Team17 Group PLC (TM17) 

AIM AIM Inheritance Tax potential Financial Results UK

Team17 Worms 4 game banner

High performing video group Team17 has delivered another record-beating year. Here are our thoughts on that and a host of other small-cap results.

Team17’s (LON: TM17) growing and diverse portfolio of games performed well over the peak Christmas sales period and management now expect both adjusted EBITDA and revenue to be ahead of market forecasts for the year ended 31 December 2019. Previous forecasts were for revenue growth in 2019 of approximately 32% – exceeding this organically is therefore quite an achievement.

The group also continues to develop an impressive portfolio of original games and launches in 2020…

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