Last checked at 30 Jul 2008 07:00
| For release | 7.00am | July 30, 2008 |
V5
Adventis Group plc (ATG/L)
Pre-close Trading update
Adventis Group plc ("Adventis" or the "Group"), the AIM-listed full service multimedia marketing and advertising agency announces, before entering its closed period, that trading for the half year to 30 June 2008 is in line with the Board's expectations.
On 10 June 2008 we announced the acquisition of Second2 Limited which added Technology and Telecommunications as a new specialised business sector to the Group. Being largely focused on digital media, the acquisition also represents a significant strengthening of Adventis Digital's service capabilities and Second2 will move into our Beaconsfield office on August 1 to facilitate integration within the Group. Earlier in the year we established Medical Device Communications which will become the marketing partner for medical device producers and distributors, opening up one of the fastest growing areas of the healthcare market to our integrated Adventis Health division. We have also established Adventis Integrated, a direct marketing specialist business, to work across all our specialist divisions as well as to service its own generalist clients.
The Board looks forward to announcing interim results for the six months ended 30 June 2008 at the end of September.
Charles Phillpot, Chief Executive of Adventis Group plc, commented:
"We continue to expand our market share in Healthcare and Financial Services and are delighted to have entered the ever-growing Technology & Telecoms sector. These diversifications by internal reorganisation and acquisition together with prudent cost control have led to our Property businesses becoming a less significant contributor to the Group's revenue. This serves to emphasise the importance of our other areas of operation which continue to be robust."
-ENDS-
Enquiries:
| Adventis Group Plc | |
| Charles Phillpot, CEO | Tel: 020 7034 4750 |
| Peter Linnell, Finance Director | Tel: 020 7034 4795 |
| Adventis Financial PR | |
| Chris Steele | Tel: 020 7034 4759 |
| Tarquin Edwards | Tel: 020 7034 4758 |
| Arbuthnot Securities | |
| Tom Griffiths | Tel: 020 7012 2000 |
Editor's Note:
Adventis Group plc is an AIM-listed full service multimedia marketing and advertising agency to the healthcare, technology & telecoms, financial services and property industries.
Adventis's strategy is to focus its marketing and media buying services on these specialist business sectors, in which it has the opportunity to build significant market positions.
There are three main strands to Adventis' strategy to develop the business:
* Consolidation of its position in the healthcare, technology & telecoms, financial services, residential and commercial property markets, which are predominantly serviced by a large number of small operators;
* Diversification into other specific sectors which have a requirement for a higher level of expertise;
* Maintain/increase profit margins which are amongst the strongest in the industry.
Management intends to achieve these objectives through a mix of organic development, acquisitions and by creating structures to attract new senior people with proven revenue earning ability and appropriate sector expertise.