News blog

Ludorum

  • BY: Andrew Hore |
  • POSTED: 30/12/2013 |

Animations developer Ludorum fell into loss in the six months to September 2013.

There are three completed series of train-based character animation Chuggington. Ludorum and its toy manufacturer partner Tomy are jointly funding a fourth series (26x10 minutes) costing £4.4m. This is almost complete and will take the number of episodes to 118. Pre-production has started on additional episodes for 2015. The series is shown in 175 countries.

TV revenue increased but consumer products revenue was nearly one-third lower. Total revenues fell from £3.36m to £2.53m. During the period, Tomy withdrew part of the plastic product range.

Net debt has £3.31m at the end of September 2013. This includes £2.75m of loan notes issued to DC Thomson and Downing in March 2012. 

At 120p a share, down 10p, Ludorum is valued at £11.9m.

Ludorum wants Chuggington to be the “premier evergreen pre-school global train property”. The new series should help to propel revenues from the toy range, which was launched this autumn.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFDecember2013_51.pdf

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