Last checked at 16 May 2019 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media
16 May 2019
Aeorema Communications plc
("Aeorema" or the "Company")
Trading Update
Aeorema Communications plc, the AIM-traded live events agency, reports a trading update for the 2019 financial year to date.
In this difficult trading environment, the Company is pleased to have secured business wins with both new and existing clients, including a three-year contract with a global media company. Aeorema has seen strong trading in the second half of the reporting period to date, with record revenues generated that will exceed those expected by the market. The new business wins, albeit on reduced margins from certain areas of client business, have contributed to the improved performance over that seen in the first half of the financial year and this will result in the Company reporting profits for the year ended 30 June 2019 broadly in line with market expectations.
The Company is in a strong cash position and it remains the intention to pay a full year dividend, subject to the final audited results for the year.
**ENDS**
For further information visit www.aeorema.com or contact:
Mike Hale | Aeorema Communications plc | Tel: +44 (0) 20 7291 0444 |
John Depasquale / Liz Kirchner | Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0)20 3328 5656 |
Catherine Leftley / Gaby Jenner | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |