ZOO Digital Group plc, a provider of cloud-based localisation and digital distribution services to the global entertainment industry, gace an update to 23 March 2020 in which it said revenue is expected to be approximately $30m and EBITDA of not less than $2.2m.

Cash collection, it added, has been much stronger than forecast and cash at the year-end was $0.7m.

Trading in the first weeks of the 2021 financial year has been encouraging and we have built a pipeline of new business. Following the temporary softening of sales experienced as customers implemented business continuity plans and halted production on new originals titles, as outlined on 23 March 2020, the Group has since experienced a reassuring resumption in demand.

Stuart Green, Chief Executive, of ZOO Digital said: "Our proprietary cloud-based solutions have been designed from the outset to enhance the efficiency of collaboration as the film and TV entertainment industry has become increasingly globalised.

"The current environment has encouraged industry change and the investments made in prior periods to scale our business mean we are well placed to meet our customers' needs."

Why Zoo Digital is reporting encouraging trading