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18 Apr 2016 07:00
18 April 2016
Creston plc
('Creston' or the 'Group')
Trading update
Creston plc, the marketing communications group, provides an update on trading for the year ended 31 March 2016 ahead of its unaudited preliminary results for the period, which will be announced on Wednesday 8 June 2016.
The Board anticipates the Group's financial performance to be in line with the trading statement of January 2016 and consensus expectations for revenue, Headline PBT and Headline Diluted Earnings per Share, with net cash ahead of expectations at over £1 million. As previously announced, exceptional charges against reported PBT will include a charge for impairment in the carrying value of goodwill.
Barrie Brien, Group Chief Executive, commented: "We have ended the year in line with consensus expectations. The actions we have taken since our January update to the market, plus a more stable outlook for our clients, continue to develop our strong foundation for future growth."
For further information please contact:
Creston plc | + 44 (0)20 7930 9757 |
Barrie Brien, Group Chief Executive | |
Kathryn Herrick, Chief Financial Officer | |
Bell Pottinger | +44 (0)20 3772 2491 |
Elly Williamson/Lucy Stewart |
About Creston plc
Creston plc (LSE: CRE), incorporating the Creston Unlimited group offer, is a marketing communications group delivering a range of digital technology based marketing solutions to blue-chip global clients. Encompassing consultants and discipline experts from across the industry and beyond, Creston Unlimited unlocks the power of creative collaboration to realise the opportunities that exist for brands and businesses in today's rapidly evolving world.
www.creston.com
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[1] Headline results reflect the underlying performance of the Group and exclude property related costs, start-up net losses, acquisition and restructuring related costs, the launch of Creston Unlimited and Group rebranding, movement in fair value of contingent deferred consideration, impairment of goodwill, amortisation of acquired intangibles, deemed remuneration charges, acquisition related share based payment charges and notional finance costs.
2 Profit before taxation (PBT).
3 Like-for-like comparisons remove the impact of acquisitions during the current period.
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