10 May 2010 07:00
Avesco Group plc
Trading Update
Avesco Group plc (the "Group"), the provider of services to the corporate presentation, entertainment and broadcast markets, today issues the following trading update ahead of its interim results for the six months ended 31 March 2010, which will be released towards the end of June.
Trading in the first half of the current financial year remained subdued, but in line with management expectations and considerably better than in the corresponding period of last year. The Group was also significantly cash generative.
Trading at the start of the second half of the current financial year has been much more encouraging, particularly in North America . The order book is looking much stronger and benefits from the inclusion of both the World Cup in South Africa and the World Expo in Shanghai. Consequently the directors anticipate a good performance for the current financial year taken as a whole.
For further information please contact:
Avesco Group plc 01293 583400
Ian Martin, Chief Executive
John Christmas, Finance Director
FinnCap 020 7600 1658
Corporate Finance
Clive Carver/Ed Frisby
Corporate Broking
Tom Jenkins