re MDZ going global29 Dec 2017 10:18
MR HALLETT want a peace of this CO because of its growing client list and low MC as we can see from last RNS
Gross margins continue to improve as the business has become increasingly focussed around managed service fees and less dependent on low margin ‘box shifting’ transactional work. To this end, the Board is pleased to announce further growth in recurring revenue contracts to a run rate of just under £600,000 per annum (versus just under £400,000 per annum at the end of the comparable period last year). The Board notes that several of the larger contracts written during the period were towards the end of the half-year and hence the benefit will mainly be accrued thereafter.
New client acquisition continued apace and the Group was pleased to add new clients Hewlett Packard (for in-store work in EMEA (Europe Middle East and Africa)), Godiva Chocolates, Volkswagen UK (“VWâ€), European Bank for Reconstruction and Development (“EBRDâ€), and BMW. The Board anticipates further projects to be delivered from these relationships.
The Group is receiving more international enquiries and opportunities and now work with several key clients outside of the UK. During the period, the Group rolled out digital signage solutions for Ted Baker alone in Asia Pacific, the Middle East, Africa, and the United States. The consistency of delivery of high quality solutions gives the Company a strong market proposition which is attractive to clients.
GLA
REGARDS