Video Presentation

VIDEO: Sumo Group runs through its 2019 results and exciting plans for the future (SUMO) (piworld)

23 Apr 2020 | by: Richard Mason

Earlier this week, Sumo Group (LSE:SUMO), which provides creative and development services to the video games and entertainment industries, exceeded the market’s expectations with a strong set of results for 2019.

Among the highlights was a 26.6% jump in revenues to £49 million, and a 30% leap in gross profit to £23.9 million.

Elsewhere, the business said it entered 2020 in “great shape” and is continuing to experience strong demand for its services in the face of the Covid-19 pandemic.

In the video below, provided by piworld, Sumo’s chief executive Carl Cavers and chief financial officer David Wilton run through the figures in more detail.

piworld provides content for investors, by investors.

The organisation aims to help private investors get closer to companies and their management and – in turn – make more informed investment decisions.

Videos include:

•             Company results presentations

•             Management interviews

•             Company visits

•             Enlightened educational investor videos with investors, opinion formers, and industry leaders

Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

    More News & Analysis

    European economy grows 2%, ending double-dip recession

    Europe emerged from a double-dip recession in the second quarter with stronger than expected growth of 2.0% over the quarter before, according to official figures released Friday, as southern European economies previously hard hit by the pandemic showed surprisingly strong results.

    Air France-KLM reports huge Q2 loss, sees signs of recovery

    French-Dutch airline group Air France-KLM said Friday that the “first signs of recovery are visible” in bookings amid easing pandemic travel restrictions as it reported a second-quarter net loss of nearly 1.5 billion euros ($1.8 billion).

    Is Disney a good investment?

    Disney is one of the biggest and most recognised companies in the world, and their stock has performance has been strong after the release of Disney+, but does Disney’s stock represent good value for the retail investor?