23 January 2025
Team17 Group
plc
("Group"
or the "Company")
Trading
Update
and
Change of Company Name to
everplay group plc and TIDM to EVPL
Team17 Group plc, a leading global
independent ("indie") games developer and publisher of premium
video games, working simulation games and children's edutainment
apps, today provides a trading update for the twelve months
ended 31 December 2024 ("FY 2024" or the "year")
alongside announcing the rebrand of the Company to everplay group
plc.
Trading update
The Group continued to trade well in
H2 2024, driven by an improved performance from new releases and
another excellent performance in the back catalogue across the
Group. Trading over the Christmas period was strong, and we have
seen this encouraging momentum continuing into January.
As a result, we expect to deliver FY
2024 revenues and adjusted EBITDA slightly ahead of market
expectations. The Group expects to report its results for the year
in March 2025 when we look forward to providing further
insight into the Group's operational and financial performance,
exciting schedule of new releases and future strategic
plans.
Change of company name to everplay group plc
Today we are delighted to share the
rebranding of the Group, reflecting the evolution of the business
following its IPO in 2018. The Group now comprises three distinct
divisions operating across complementary markets within the video
games and apps industry. everplay provides the Group with a name
that reflects its purpose to never stop playing, as well as its
creative drive to deliver a lifetime of play. The change enables Team17, StoryToys and
astragon to continue to operate under their highly distinctive
brand identities whilst maximising operational synergies and
cross-selling opportunities across the wider group and avoiding any
confusion between the Group and the Team17
division.
To view a short presentation from
Steve Bell, Group CEO, providing further insights into the renaming
of the Group, visit our new website - www.everplaygroupplc.com
As previously outlined, the Group's
strategic focus is to accelerate growth alongside improving
profitability and return on investment. To that end, the Group
continues to focus on the wealth of opportunities in the indie,
childrens and working simulation markets by launching exceptional
new games. At the same time, we focus on driving back catalogue
sales by prioritising our portfolio and evergreen franchises, while
adopting innovative publishing and marketing models to maximise
discoverability and appeal in the marketplace.
Trading in the Company's shares
under a new TIDM1, "EVPL", will commence at 8.00 a.m. on
Friday 24 January 2025. The change of name is expected to take
effect in early February.
The Group's AIM Rule 26 website is
available at www.everplaygroupplc.com.
Shareholdings will be unaffected by the change of name and existing
share certificates should be retained as they will remain valid for
all purposes. The Company confirms that there is no change to the
Company's ISIN2.
Steve Bell, Chief Executive
Officer of everplay group plc (formerly Team17 Group plc),
commented:
"I
am delighted with the strong end to the year's trading, and the
momentum into 2025, which is further evidence of the success of our
refocused strategic initiatives. I am grateful for the dedication
of all our employees, whose continuing hard work has helped grow
our revenues in 2024 to another all-time high. I look forward to
sharing greater insight into our exciting plans for 2025 at the
full year results in March.
"I
am also excited to be unveiling our new Group brand today, which we
believe better represents our business which has evolved greatly
since the IPO and reflects our DNA to never stop playing. This
rebrand not only creates an ideal backdrop to foster greater
cross-collaboration internally, but also reflects our aspirations
to expand our reach across complementary sectors within the broader
indie market.
"Fundamentally, we want to create pioneering and captivating
experiences that enrich and inspire players around the world, and I
firmly believe everplay will become synonymous with creating games
that deliver a lifetime of play."
1Tradable Instrument Display Mnemonic
2International Securities Identification Number
Enquiries:
|
everplay group plc
Steve Bell, Chief Executive
Officer
Rashid Varachia, Chief Financial
Officer and Chief Operating Officer
James Targett, Group Investor
Relations Director
|
ir@everplaygroupplc.com
|
|
Peel Hunt (Nominated Advisor and Joint Corporate
Broker)
Neil Patel / Benjamin Cryer
/ Kate Bannatyne
|
+44 (0)20 7418 8900
|
|
Jefferies International Limited (Joint Corporate
Broker)
Philip Noblet / Will Brown
/ Shaam Vora
|
+44 (0)20 7029 8000
|
|
Vigo Consulting (Financial Public
Relations)
Jeremy Garcia / Fiona
Hetherington / Anna Stacey
everplay@vigoconsulting.com
|
+44 (0)20 7390 0233
|
About everplay group plc
everplay group plc (formerly Team17
Group plc) is an award winning and leading global indie games
label developer and publisher of premium video games and apps,
comprising three distinct divisions: Team17, astragon and
StoryToys. Team17 is a games developer, publisher and creative
partner for indie developers around the world, known for iconic IP
such as Hell Let Loose, Worms and Overcooked!. astragon is a
leading games publisher, developer and distributor of sophisticated
working simulation games, including Construction Simulator and
Police Simulator, targeting a broad audience from young enthusiasts
to technical experts and casual gamers. Story Toys a world-class
developer and publisher of educational entertainment apps, bringing
the world's most popular characters, worlds and stories to life for
children under the age of eight, with apps including Disney
Colouring World and LEGO® DUPLO® PEPPA PIG
Visit www.everplaygroupplc.com
for more information.
