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Trading Statement

30 Mar 2012 13:08

RNS Number : 4894A
WEARE 2020 PLC
30 March 2012
 



 

 

 

 

Weare2020 plc

(the "Company" or "Group")

 

Trading Update

 

 30 March 2012

 

 

Weare2020plc, the digital marketing group, provides a trading update ahead of the publication of its preliminary results to 31 March 2012.

 

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 £1.01m on a gross profit of £15.25m.

 

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 £38m. 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 £200,000. As a result the Group expects to report an adjusted PBT of £3.1m.

 

The Group expects to publish its preliminary results in the week beginning 25 June 2012.

 

Enquiries:

Weare2020 plc

Keith Sadler 079122 74522

COO, Group Finance Director

 

Cenkos Securities plc

Ivonne Cantu (Nomad) 020 7397 8980

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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