Team17 off the mark with a bang

Team17 off the mark with a bang

Maiden results offer an opportunity for newly-listed groups such as video game developer Team17 (TM17) to showcase their financial strengths. In the first half of 2018, operating net cash inflows nearly doubled to £6.5m, thanks to extraordinary operating cash conversion of 274 per cent. And, after excluding £2.6m of IPO-related costs, depreciation and intangible asset impairments, adjusted cash profits rose 36 per cent to £4.9m. Despite trading being largely second-half weighted, revenues still rose nearly 50 per cent, far outstripping the wider market.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now