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Trading Update

18 Aug 2010 07:00

RNS Number : 2302R
Adventis Group PLC
18 August 2010
 



Adventis Group Plc ("ATG.L")

("Adventis" or the "Group")

 

Trading Update

 

 

As reported in our AGM statement in May 2010, the early part of 2010 retained the challenges of the previous two years as well as the uncertainty of the general election.

 

Our healthcare business, whilst remaining fundamentally profitable, has experienced a considerable slowdown which has continued through the summer months.

 

Also our media planning and buying businesses have continued to be impacted by campaign delays. Activity in the property sector still remains at a low level. As a result, our cost cutting programme continues.

 

The technology and telecoms division, which was expanded by the addition of bChannels in February 2010, has enjoyed a strong first half year, primarily due to the expanded services offering and the sharing of clients.

 

Whilst the Board expects the Group to recover some of the lost revenue in the second half of 2010, the Board currently expects the profit before tax, excluding exceptional items, of the Group for the full year to be up to 50% below market expectations.

 

 

Enquiries:

 

Adventis Group Plc

Charles Phillpot, CEO

Tel: 01494 731608

Peter Linnell, Finance Director

Tel: 01494 731609

 

Arbuthnot Securities

Hugh Field / Tom Griffiths

Tel: 020 7012 2000

 

 

END

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