Zoo Digital Group (ZOO)

Sector:

IT Services

Index:

FTSE AIM All-Share

 71.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 88.50
  • 52 Week Low: 32.00
  • Currency: UK Pounds
  • Shares Issued: 74.55m
  • Volume: 48,804
  • Market Cap: £53.30m

Zoo Digital swings to profit amid reduced costs

By Duncan Ferris

Date: Monday 04 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Zoo Digital on Monday swung to an interim profit on the back of a reduction in cost of sales, though revenue declined as physical media sales struggled.
The software provider to the movie and TV industry recorded a profit before tax of £0.4m for the six months ended 30 September, compared with a loss of £0.2m in the same period last year, as cost of sales dropped by 15% to £8.5m.

Revenue dropped by 4% to £14.2m due to an anticipated decline in legacy services and a 75% reduction in DVD and Blu-ray sales.

Excluding this expected decline, revenue grew by 7% as the company continued to invest in its cloud-based platforms after success with its ZOOstudio and the ZOO Localisation Ecosystem software.

Zoo Digital said this innovation has led to more owners of media content placing orders to assess its cloud-based dubbing service, while the opening of a new post-production studio in London resulted in significant orders from one global media content provider.

The AIM traded company said it is on track to meet full year expectations as its order book was stronger at the end of the period than at the same point in 2018, while Zoo also expects to benefit from new media services offerings from giants such as Disney, NBC Universal and Warner Media.

Chief executive Stuart Green said: "The over-the-top consumer video market is about to undergo a step change due to the forthcoming launches of several direct-to-consumer services from major media companies. These provide an exciting growth opportunity in media localisation and digital packaging given the increased demand for these services to enable international distribution.

"We believe that ZOO is well placed to capitalise on this opportunity given the benefits and competitive advantages of our cloud-powered services."

Zoo Digital shares were down 8.05% at 77.70p at 0957 GMT.

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ZOO Market Data

Currency UK Pounds
Share Price 71.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 88.50
52 Week Low 32.00
Volume 48,804
Shares Issued 74.55m
Market Cap £53.30m

ZOO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.44% below the market average92.44% below the market average92.44% below the market average92.44% below the market average92.44% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Price Trend
33.61% above the market average33.61% above the market average33.61% above the market average33.61% above the market average33.61% above the market average
24.27% above the sector average24.27% above the sector average24.27% above the sector average24.27% above the sector average24.27% above the sector average
Income Not Available
Growth
27.03% above the market average27.03% above the market average27.03% above the market average27.03% above the market average27.03% above the market average
9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ZOO Dividends

No dividends found

Trades for 08-Jul-2020

Time Volume / Share Price
14:06 800 @ 70.17p
13:49 52 @ 72.80p
13:37 446 @ 70.15p
12:56 13,918 @ 71.85p
12:12 2,154 @ 70.00p

ZOO Key Personnel

CEO Stuart Green
CFO Phillip Blundell
Chair Gillian Wilmot

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