Aeorema Comm. Share News (AEO)

(Sharecast News) - Live-events agency Aeorema said on Tuesday that the outlook for the start of the new financial year was "very strong", with first-half revenues anticipated to be greater than any previous interim period on record.
Aeorema stated it had a "very strong pipeline" looking forward, with both new and existing clients, while opportunities were said to be "strong" across its virtual, hybrid and face-to-face events.

As far as the year ended 30 June was concerned, operating losses were cut from £277,931 to roughly £230,000, with the group achieving an improved profit margin, primarily driven by the ability to bill an increased amount of higher-margin services in the pre-production phase of contracts.

Chairman Mike Hale said: "We have adapted and are thriving with an increasing amount of client business, from existing and new clients, smaller companies to blue-chip, and our very strong pipeline is testament to the work and advice our team provide.

"Returning to profitability is something the board and I are incredibly proud of and I would like to take this opportunity to thank our clients, and crucially our team, for their dedication and loyalty and I look forward to seeing this growth continue."

As of 1105 BST, Aeorema shares had surged 30.88% to 37.30p.