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Sumo Group Plc

Sumo Digital delivers upbeat trading update despite coronavirus

Sheffield-headquartered games developer Sumo Digital has delivered an upbeat trading update despite the coronavirus pandemic.

The company said it had “enjoyed a positive start to the new financial year” and “already has a high degree of earnings visibility on contracted or near contracted revenue of approximately 71%”.

The company is currently working on 21 projects with 12 different clients. While Sumo admitted “there has been some disruption and loss of efficiency” as a result of coronavirus, with staff moved away from its 10 studios to work remotely from home, “early indications are encouraging”.

Sumo Digital, part of the Sumo Group PLC (LON:SUMO) is an award-winning business providing creative and development services to the video games and entertainment industries, from studios in Sheffield, Newcastle, Nottingham, Pune (India) and Vancouver (Canada).

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.