Zoo Digital enjoys a boost after it upgrades forecast

ZOO Digital, which helps distribute programmes including Sex and the City, yesterday said full-year turnover would come in significantly ahead of expectations due to a strong pipeline of new contract wins.

Zoo expects to report turnover of around $15m (£9.8m) for the year to March, with earnings before interest, taxes, depreciation and amortisation coming in at about $1.6m.

Broker FinnCap said momentum was “clearly in Zoo’s favour”, adding: “The company is now expected to be close to adjusted net income break even and therefore the developing momentum adds all the more to generating a maturing multiple context.”

Zoo also said Roger Jeynes, the ex-chief operating officer at technology merchant bank Interregnum, will replace Christopher Honeyborne as chairman at the end of the month.