Entertainment One reports in-line trading at six-month stage
Entertainment One reported that trading had met management´s expectations at the interim stage and that full-year financial performance would meet its own forecasts.
Entertainment One Limited
557.00p
16:35 27/12/19
FTSE 250
20,413.08
17:14 07/05/24
FTSE 350
4,570.66
17:14 07/05/24
FTSE All-Share
4,522.99
16:54 07/05/24
Media
12,167.44
17:14 07/05/24
Significantly, the independent library valuation rose from $1.0bn to $1.5bn.
The second half of the financial year would be underpinned by a strong committed film and television slate and operating performance was "on-track" across all its divisions, the company said in a statement.
The owner of the Peppa Pig Franchise forecast highlighted its strong line-up of new shows in the TV segement, including new shows such as Mary Kills People and Ice.
In parallel, the firm continued to roll-out its Peppa Pig brand, the mainstay of its Familiy division, in internationational territories.
Growth for Peppa Pig was in-line with management´s plans.
In Film, the group released a series of higher profile titles in the first half, which took its period-on-period box office totals from $97m in 2015 to $151m in 2016.
Entertainment One expected to release 85 theatrical titles in the first half of 2016, down from 96 during the equivalent period of 2015.