Thousands of Keywords Colleagues praised for contribution to strong 2020 results
Joint Interim CEO Jon Hauck has praised the thousands of Keywords Colleagues around the world for their contribution to a hugely successful 2020 for Keywords Studios, despite the challenges of COVID-19.
Sharing the 2020 Full Year Results, Hauck noted: “The Group achieved a strong performance in a year that was heavily impacted by the global pandemic and, on behalf of the Board, we are prouder than ever of the dedication of all our talented Keywords Colleagues through this challenging year.
“We reacted with agility to fundamental changes to our ways of working, whilst continuing to deliver the excellent service that our clients have come to expect.”
Keywords delivered strong revenue growth in 2020, despite COVID-19-related disruptions and the Board expects the Group to further cement its position as the ‘go-to’ provider of technical and creative services to a global client base.
Keywords also continued to deliver on its acquisition strategy, welcoming Coconut Lizard, High Voltage, Maverick Media, gnet, Indigo Peal and Jinglebell to the Keywords Family.
Welcoming a 14.4% increase in revenue to €373.5m for the 12 months to December 31, 2020 and a 86.8% increase in pre-tax profits for the same period, Hauck also noted that: “The Group's strong position in the buoyant video games market, our increasingly sought-after 9,000-people-strong resource base, a robust business model that has proven capable of continued growth in the face of the pandemic, together with our financial strength, places us well for further growth and long-term success.”
The strong organic growth as well as growth through acquisitions is something Hauck expects to see continue throughout 2021.
"As we enter 2021, we are very confident in the Group's opportunity for growth due to the continued trend towards outsourcing and an increased focus on content creation in a growing video games market.
“This combined with our ability to increase our market share and to selectively acquire high quality businesses will allow us to further cement our position as the 'go-to' provider of technical and creative services to a global client base.”
You can download the 2020 Full Year Results statement here.