30 Mar 2012 13:08

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Weare2020 plc
(the "Company" or "Group")
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Trading Update
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 30 March 2012
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Weare2020plc, the digital marketing group, provides a trading update ahead of the publication of its preliminary results to 31 March 2012.
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Our interim results to September 2011 showed significant progress for the Group. Despite a decline in gross profit as a result of the consolidation of the operations in Nottingham and the impact of the economic environment on 2020 Agency, the Company posted PBT of ÂŁ1.01m on a gross profit of ÂŁ15.25m.
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A number of clients have deferred their expenditure decisions which has affected 2020 Technology, our e-commerce project implementation division, in particular. The Group expects to report revenues of ÂŁ38m. On the positive side 2020 Dialogue, our lead generation and data and risk business continued to perform well and above expectations. The Group's adjusted PBT has also been affected by a requirement to make a one-off provision in relation to certain fees in dispute amounting to ÂŁ200,000. As a result the Group expects to report an adjusted PBT of ÂŁ3.1m.
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The Group expects to publish its preliminary results in the week beginning 25 June 2012.
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Enquiries:
Weare2020 plc
Keith Sadler 079122 74522
COO, Group Finance Director
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Cenkos Securities plc
Ivonne Cantu (Nomad) 020 7397 8980
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