Join our community of smart investors

Take two at Entertainment One

A weak summer box office weighed on Entertainment One's half-year results, but its TV division remains strong.
November 19, 2014

Entertainment One (ETO) bombed at the box office this summer. But gains in the international distributor's TV division still pushed underlying cash profits up 31 per cent to about £37m.

IC TIP: Buy at 310p

Sales at the group's TV division rose nearly a third to £91m as its Peppa Pig franchise passed $1bn (£640m) in retail sales and landed nearly 200 new international broadcast and licensing deals. But the piglet is "only scratching the surface" in territories such as the US, says finance director Giles Willits. The group continues to view TV as a key growth driver, and plans to expand its production presence into the US, UK and Australia.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in