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Pin to quick picksSpaceandPeople Regulatory News (SAL)

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160.00    0.00 (0.00%)
Bid:
155.00
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Spread: 10.00 (6.452%)
Market Cap: £3.08m
SAL Live PriceLast checked at - London Stock Exchange

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Pre Close Trading Update

24 Jan 2014 07:00

RNS Number : 4154Y
SpaceandPeople PLC
24 January 2014
 



 

 

SpaceandPeople plc

 

("SpaceandPeople" and "the company")

 

Pre Close Trading Update

 

 

SpaceandPeople is pleased to announce the following update on trading during its financial year ended 31 December 2013. The Company's final results will be announced on 24 March 2014.

 

Gross revenue for the year increased to £36.8 million (2012: £30.1 million) and net revenue increased to £13.8 million (2012: £13.1 million) as the Company continued to expand its client base whilst delivering increased sales to its existing clients both in the UK and Germany.

 

Pre-tax profit for the year is anticipated to be in line with current market expectations.

 

Cash flow was again positive during 2013 with net cash being £1.9 million at the end of the year compared with £834k at the end of 2012.

 

During 2013 the Company has continued to make good progress and has gained a number of significant and iconic clients including St Pancras International, One New Change, The Garden Centre Group and Corio GmbH. These clients, together with our existing portfolio and our determination to win additional business place the Company in an excellent position to continue its growth going forwards.

 

 

For further information, contact:

 

SpaceandPeople plc

 

 

Matthew Bending, Gregor Dunlay

0845 251 8215

 

 

Cantor Fitzgerald Europe

 

 

David Foreman / Mark Percy (Corporate Finance)Richard Redmayne / Paul Jewell (Corporate Broking)

0207 894 7000

 

 

 

About SpaceandPeople plc:

 

The SpaceandPeople Group markets, sells and administers space in high footfall venues, including shopping centres, garden centres, city centres, retail parks and travel hubs. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers with a mix of experiential marketing events and complementary above-the-line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the Mobile Kiosk specialist, in May 2010 and operates in the UK, Germany, India and Russia.

 

www.spaceandpeople.com

 

 

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