16 Oct 2017 07:00
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Press Release | 16 October 2017 |
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System1 Group PLC (AIM: SYS1)
formerly BrainJuicer Group PLC
("System1", or "the Company", or "the Group")
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Trading update for the six months to 30 September 2017
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System1 (formerly BrainJuicer), the innovative marketing services group, today releases the following six month ("H1") trading update.
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As announced on 18 August, trading in H1 has been slower than expected, and Gross Profit (the Company's main top line performance indicator) is 9% lower than prior year (12% in constant currency), due in the main to non-recurrence of large one-off Innovation projects as a result of some significant client spending reductions and a more competitive market. Profit Before Tax in H1 is some £0.8m (prior year: £2.8m).
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We remain cautious about our prospects over the remainder of the financial year due to our usual lack of revenue visibility.
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The Company will announce its interim results for the six months to 30 September 2017 on 27 October 2017.
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The Company can be found at www.system1group.com.
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The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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For further information, please contact:
System1 Group PLC | Tel: +44 (0)20 7043 1000 | Â |
John Kearon, Chief Executive Officer | Â | |
James Geddes, Chief Financial Officer | Â | |
Canaccord Genuity Limited | Tel: +44 (0)20 7523 8000 | |
Simon Bridges / Emma Gabriel |
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