9 May 2019 07:00
SEC S.p.A.
("SEC" or "the Company")
Trading update and results announcement
SEC, the largest independent advocacy, public relations and integrated communications agency in the Italian market, expects to announce audited results for the year to 31 December 2018 during the week beginning, 20 May 2019.
The Company expects to report revenues of €24 million for the year to 31 December 2018, (an increase of 17.3%), an increase in EBITDA to €2.6 million (an increase of 59%), and net profits up to €1.5 million an increase of 103% (unaudited). The Company's net cash and financial investments at 31 December 2018 will be - €1.2 million (unaudited). This is due to the different classification attributed to the Company's holding in the securities of Porta Communications plc ("Porta") which changed from 'Financial Assets Available for Sale' to 'Participations' as a result of the merger talks currently taking place between Porta and the Company.
The improvements secured in 2018 are a result of management time being focused on increasing the delivery of successful client outcomes, boosting existing client growth and generating new business opportunities.
For more information:
SEC S.p.A
Fiorenzo Tagliabue (CEO)
Telephone: +39 335 6008858
Arden Partners plc (Nominated adviser and broker)
Tom Price / Steve Douglas / Maria Gomez de Olea
Telephone: +44 (0) 20 7614 5900