10tacle raises forecasts for 2007

10tacle raises forecasts for 2007
Michael French

By Michael French

June 18th 2007 at 3:15PM

German development company with studios globally expects uplift in revenues

10tacle plans to announce its revenue and earning forecast at its AGM tomorrow, and has lifted its forcast for 2007.

For the current financial year the company is expecting revenue of €52m and earnings before tax at €9.3m - all of which would represent year on year growth of 77 per cent (revenue) and 97 per cent (EBIT).

The growth comes off the back of the company's 3D world developed with MTV Germany, the launch of a media fund in Singapore and the acquisition of Stormregion in Hungary, which was announced earlier this month.

In a statement, the company said that continued activity in the online space plus two new contracts for Stormregion with a combined worth of €14m, had boosted the bottom line.

10tacle has games development studios including sites at Hanover, Duisburg, London, Charleroi, Bratislava, Budapest and Singapore.