Last checked at 10 Oct 2007 07:00
Date: 10 October 2007
On behalf of: TMN Group plc ("TMN" or "the Company")
Embargoed until: 0700hrsTMN Group plc * Trading Statement * Board Change * Notification of Results Date
TMN Group plc (AIM: TMN), the UK's premier online direct marketing group, is pleased to provide the following trading update for the six months to 31 October 2007 prior to entering the close period.
During the first half of the year, the Group has grown by circa 12.5% year-on-year, with both revenue and profit before tax (PBT) expected to be in line with expectations. This result has been achieved after the Group has invested over ‚£500,000 in new staff during the period. We are well-positioned to continue this solid growth into the stronger second half of the year to meet our growth expectations for the full year.
Our Research divisions, The iD Factor and ICD Research, have performed particularly strongly during the past two months, with all indications being that this trend is set to continue. Our two internet advertising divisions, TMN Media and EDR, continue to perform well and are delivering to plan.
Our strategy of organic and acquisitive growth continues to develop with further products and opportunities in the pipeline, including the launch of Envoy, our email delivery platform, due for later this year.
Finally, after four years with the Group, Warren Tayler (67) wishes to retire and will stand down as Chairman at the end of November. He will be replaced by Peter Harkness, who was appointed to the Board as a non-executive director in August. Peter brings us a wealth of business experience including Datamonitor plc, Precise Media, and Magicalia Ltd which he is currently chairman of.
TMN expects to report its interim results for the six months ended 31 October 2007 on 5 December 2007.
Mark Smith, CEO of TMN Group, commented:
"The Group has continued to evolve with a great deal of investment in staff and infrastructure underpinning our continued success. We remain well-positioned to meet our expectations for the year, and are firmly focused on achieving our strategic goals, expanding our existing divisions and delivering new products, such as Envoy.
"I'd also like to thank our outgoing chairman, Warren Tayler, for hisexceptional work in helping TMN Group grow and evolve into the opportunity thatwe have today. Likewise, I look forward to welcoming Peter Harkness as the newChairman of the Group."- ends -Enquiries to:TMN www.tmnplc.com Mark Smith, CEO 020 7440 9310 Craig Dixon, CFO Redleaf Communications Emma Kane / Anna Dunkin 020 7822 0200Notes to Editors: * TMN Group plc ("TMN") was established in 1999. * The Company comprises of three core divisions: * TMN Media: email marketing specialist, with over 10 million highly profiled, permission-based email addresses across numerous lists, manages the most comprehensive portfolio of email databases in the UK. Also operator of the largest online reward scheme in the UK. Clients include Sky, T-Mobile, British Gas, EMAP, Volvo and Boots. * EDR: online interactive advertising agency, plans campaigns across dozens of third party lists, including those operated by TMN Media, and is the largest buyer of email advertising in the UK. Clients span a number of sectors, including finance, motoring, publishing and shopping. * The iD Factor: specialists in online market research, with 250,000 panel members in the UK and over 4 million members across 41 territories, managed via a network of local partnerships, allowing targeted domestic and international research. Clients include numerous MR Agencies, producing work for Microsoft, Lloyds TSB, NSPCC, Persil, Carlsberg and PC World. * TMN is committed to the development of new initiatives to drive the growth of its business. * TMN Enterprise has been created to manage all new developments for the Group including the launches of Plum-Offers, a lead generation and competition portal, and Pure Lead, a service to companies building databases to generate leads online. * ICD Research has been established as an autonomous division providing clients with insight and analysis of market research data. * Operating in rapidly growing market * Over ‚£2billion spent on internet advertising in 2006 , a 41.2% increase on a like-for-like basis compared with 2005 (Source: IAB) * Online advertising now represents over 12% of the total advertising market - and is the fastest-growing segment of the market (Source: IAB) * Online Retail spend predicted to reach ‚£40 billion by 2010 (Source: Forrester Research) * Focus on dominating UK market in key areas of online advertising and market research * Members of the Direct Marketing Association (DMA) and Internet Advertising Bureau (IAB)
TMN GROUP PLC