The latest London South East Webinar takes place on July 6. Come and hear CEO’s from Orosur Mining, Caledonia Mining, Glantus Holdings and Tekcapital speak. Please register here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBe Heard Group Plc Share News (BHRD)

  • There is currently no data for BHRD

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Be Heard losses widen despite solid second half

Mon, 25th Mar 2019 08:01

(Sharecast News) - Digital marketing outfit Be Heard saw losses widen in its last trading year as improved revenues were offset by asset write-downs and a slow start to the year.

Despite a 51% surge in revenues to £29.46m, pre-tax losses widened 160% to £10.3m in 2018 as a non-cash impairment charge on goodwill of £7.2m wiped out any improvement to the group's bottom line.

EBITDA increased by 90% to £3m.

The AIM-listed group highlighted that it had, in fact, turned a profit over the last nine months, with most of its woes stemming from global political and economic worries which knocked business confidence earlier in the year - resulting in clients' opting to spend less on marketing and Be Heard itself spending more to win new business, denting margins in the process.

However, Be Heard revealed that its "strong cost control" and ability to secure contracts with the likes of Vodafone and GlaxoSmithKline meant there had been a "marked improvement" in its second-half performance.

Chairman David Morrison said: "In spite of a difficult start to the year, which gave rise to senior management changes, the company has made considerable progress and finished the year strongly.

"The results for the second six months show a marked improvement when compared to the first half and reflect the focus of the new management team on operational effectiveness, profitability and cash generation."

Looking forward, Morrison said: "The new financial year has started positively, against an unsettling market environment and the financial constraints of the group. Assuming reasonable trading weather ahead, I expect to be able to report positive news as the year progresses."

As of 1100 GMT, Be Heard shares had ticked up 0.87% to 1.16p.

More News

Be Heard Shareholders Approve GBP6.2 Million MSQ Takeover

Be Heard Shareholders Approve GBP6.2 Million MSQ Takeover

12 Aug 20 17:38

Be Heard Accepts GBP6 Million Takeover Offer From MSQ Partners

Be Heard Accepts GBP6 Million Takeover Offer From MSQ Partners

24 Jun 20 12:13

Be Heard Confirms Talks With MSQ Partners Over Possible Takeover

Be Heard Confirms Talks With MSQ Partners Over Possible Takeover

9 Jun 20 12:24

Be Heard in advanced talks with MSQ Partners over 0.5p a share offer

(Sharecast News) - Digital marketing group Be Heard said on Tuesday that it is in advanced discussions with London-based marketing communications group MSQ Partners about a possible cash offer of 0.5p a share.

9 Jun 20 12:04

UK EXECUTIVE CHANGE SUMMARY: McColl's Hires Restaurant Exec As New CFO

UK EXECUTIVE CHANGE SUMMARY: McColl's Hires Restaurant Exec As New CFO

28 May 20 14:10

Be Heard Reports Improved Annual Results, Warns On Outlook

Be Heard Reports Improved Annual Results, Warns On Outlook

20 Apr 20 14:11

UK TRADING UPDATE SUMMARY: Pawnbroker H&T Declares Interest Holiday

UK TRADING UPDATE SUMMARY: Pawnbroker H&T Declares Interest Holiday

6 Apr 20 14:47

Be Heard withdraws guidance, implements contingency plans

(Sharecast News) - Digital marketing group Be Heard withdrew its full-year guidance on Monday and implemented a number of contingency plans as the Covid-19 pandemic continued to have a "material and adverse impact" on the demand and supply sides of both the domestic and foreign economies.

6 Apr 20 11:27

Be Heard Retains Outlook; To Focus On Innovation In Challenging Times

Be Heard Retains Outlook; To Focus On Innovation In Challenging Times

16 Dec 19 10:57

Be Heard warns of 'disappointing decline' in traditional businesses

(Sharecast News) - Digital marketing services group Be Heard told investors on Monday that it had experienced a "disappointing decline" in its more traditional and creative businesses thus far in 2019.

16 Dec 19 09:53

Be Heard Group leaps on 'major' Carlsberg win

(Sharecast News) - Be Heard Group leapt on Tuesday as it announced a major client win with Carlsberg, where the business has been appointed to a newly-created digital agency role to work across all the brands in the brewing giant's portfolio

4 Jun 19 08:10

Be Heard chairman details 'good start' to trading year

(Sharecast News) - Digital marketing outfit Be Heard's chairman David Morrison told investors at the group's annual general meeting on Wednesday that the group had seen a "good start" to the year.

15 May 19 11:40

Be Heard Annual Loss Widens On Increased Administrative Costs

LONDON (Alliance News) - Be Heard Group PLC on Monday reported a sharp rise in revenue but a widened loss for 2018 on a goodwill impairment charge.Shares in the digital advertising, and up

25 Mar 19 10:22

Be Heard losses widen despite solid second half

(Sharecast News) - Digital marketing outfit Be Heard saw losses widen in its last trading year as improved revenues were offset by asset write-downs and a slow start to the year.

25 Mar 19 08:01

Be Heard says full year will be in line with market expectations

(Sharecast News) - Digital marketing services group Be Heard said on Monday that its full-year performance will be in line with market expectations following a "marked" improvement in adjusted earnings in the second half of the year.

14 Jan 19 10:07

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.