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LONDON (Alliance News) - Digital marketing services company Jaywing PLC on Wednesday said trading in the year to the end of March was good, with the fourth quarter coming in ahead of expectations.
Jaywing said revenue and underlying profit for the full year are set to marginally outpace market expectations, with gross profit to rise around 6.0% and adjusted earnings before interest, taxation, depreciation and amortisation to grow 7.0% year-on-year.
Jaywing said the Epiphany business it acquired in 2014 has continued to drive growth for the wider business and the group said its shift to a "one company" model, rather than a traditional agency group model, is working well.
The group said it has seen a positive start to the new financial year thanks to the momentum gained in the fourth quarter and the launch of its Data Science Institute at Imperial College London.
Jaywing will publish annual results on July 12.
Shares in Jaywing were untraded on Wednesday, having last traded at 31.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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