19 May 2010 07:00
| For release | 07.00am | 19 May 2010 |
Adventis Group Plc ("ATG.L")
("Adventis" or the "Group")
AGM STATEMENT
At the Annual General Meeting of Adventis Group Plc (ATG.L), the AIM-listed marketing services, media buyer and advertising and digital agency, being held later today, Non-Executive Chairman, Aubrey Adams will make the following statement:
"The early part of 2010 retained the challenges of the previous two years pending the outcome of the general election. Trading to date has been generally in line with the Board's expectations. Our healthcare business continues to perform well, but there is some evidence of a slowdown affecting this sector. The technology and telecoms market has improved somewhat and visibility for 2010 is now stronger than at this time last year. The addition of bChannels to the Group in February 2010 has not only supplemented the Group's revenues, but also broadened our existing technology activity via Second2.
Our media planning and buying businesses remain profitable, but activity levels have been impacted by the election, triggering some delays. Activity in the property sector remains at a low level. The commercial property market is demonstrating some evidence of recovery and the residential market is still principally supported by recession resistant areas, such as registered social housing, but there are signs that some developers are now re- entering the market.
The Board is actively considering several opportunities which would support the programme of growth.
The economic and political climate will ensure that 2010 remains challenging. We believe that the Group remains well placed to continue to trade profitably and to take advantage of the opportunities that will be created."
Enquiries:
| Adventis Group Plc |
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| Charles Phillpot, CEO | Tel: 020 7034 4750 |
| Peter Linnell, Finance Director | Tel: 020 7034 4795 |
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| Peckwater PR |
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| Tarquin Edwards | Tel: 020 7808 7340 |
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| Arbuthnot Securities |
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| Tom Griffiths | Tel: 020 7012 2000 |
END
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