25 Nov 2013 07:00
25 November 2013
reach4entertainment enterprises plc
("r4e" or "the Company" or "the Group")
Trading Update
r4e, the transatlantic media and entertainment marketing company, today provides the following update on trading for the four month period up to 31 October 2013.
Trading Update
The Company continues to make progress, trading in line with expectations, and the Board remains confident of meeting market expectations for the full year to 31 December 2013.
All Group operations are trading profitably with performance, as expected, improving in the second half of the financial year. The Company's focus on driving further integration between its market-leading events marketing businesses, Dewynters in London and SpotCo in New York, in order to share knowledge, best practice and drive operational improvements, continues to reap rewards, with mandates secured on both sides of the Atlantic as a result.
David Stoller, Executive Chairman, r4e, said:
"As anticipated, our trading performance has improved as we have progressed through the year. The stability within Group business we referred to when announcing our interim results remains, with our operating divisions continuing to benefit from their market-leading positions, while additionally seeking new revenue streams to fuel growth. We are on track to meet market expectations for the year and remain quietly confident about our prospects in the medium-term."
Ends
Enquiries:
reach4entertainment +44 (0) 20 7968 1655
David Stoller, Executive Chairman
Sarah Hall, Chief Operating Officer
Blythe Weigh Communications +44 (0) 20 7138 3204
Paul Weigh +44 (0) 7989 129658
Eleanor Parry +44 (0) 7551 293620
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
Mark Percy (Corporate Finance)
David Banks / Paul Jewell (Corporate Broking)
First Columbus +44 (0) 20 3002 2070
Katrina Perez/Kelly Gardiner