News blog

Ludorum

• BY: Andrew Hore |
• POSTED: 24/06/2014 |

Animations producer Ludorum reported lower 2012-13 revenues due to a slump in consumer product revenues due to the withdrawal of some ranges. 

Revenues were £4.91m in the year to March 2014, compared with £7.78m in the 15 months to March 2013. Broadcast income rose from £580,000 to £1.33m. Overheads have been reduced which helped Ludorum swing from loss to a profit of £184,000. Net debt was £6.59m at the end of March 2014.

Ludorum produces the children’s animation Chuggington which has been licensed for broadcast in 175 countries. A new series of 26 episodes has been completed and a further ten episodes will be due for delivery in 2015. The original series was first broadcast in 2008.

New product launches will help product revenues to improve.

At 96p a share, Ludorum is valued at £9.46m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJune2014_57.pdf