Last checked at 18 Aug 2010 07:00
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 |
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| Charles Phillpot, CEO | Tel: 01494 731608 |
| Peter Linnell, Finance Director | Tel: 01494 731609 |
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| Arbuthnot Securities |
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| Hugh Field / Tom Griffiths | Tel: 020 7012 2000 |
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