Zoo Digital Group PLC

Zoo Digital Group PLC (LSE: ZOO) is an FTSE AIM All-Share index-listed technology company that offers localization and media production services. The company has differentiated its operations into three operating segments: Localisation, Digital Packaging, and, Software Licensing.

AGM Statement and Trading Update (Released on 28 September 2023)

• Financial Update: The order processing is at historically lower levels and might impact the revenues in H1 FY24 which could be around USD 21 mn whereas a significant EBITDA loss is expected to be reported during H1 FY24. Also, the cash balances of the group are to be no less than USD 16 mn during H1 FY24.
• Macro Outlook: The major media organizations are working towards adjusting to the ongoing situation to improve profitability due to the ongoing strike. The markets and the various organizations are expecting a result to surface from the ongoing negotiation between the Writer’s Guild of America and the Association of Motion Pictures and Television Producers.
• Company Outlook: The company is working on various cost-cutting and optimization strategies, the impact of which could be visible during Q4 FY24. The management is actively pursuing a strategy that is aligned with its growth objectives also which meets the requirements of its current and potential customers to achieve the stated growth objectives.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Zoo Digital Group PLC (LSE: ZOO) was trading at the current market price of GBX 47.00 (as of 06 October 2023, 10:05 AM GMT+1)  

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 06 October 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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