10 Jul 2019 11:37
Information contained within this announcement was deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.
Date: 10 July 2019
On behalf of: Jaywing plc (the "Company")
Jaywing plc
("Jaywing" or the "Company")
Trading update
The Company is intending to publish its preliminary results for the year to 31 March 2019 before the end of August 2019. These are expected to report EBITDA in line with market expectations.
However, trading in the first quarter of this financial year has been very weak. With the heightened political and economic uncertainty, many clients are focused on the short term and where their spend is discretionary, it is running at a level well below that seen in previous years. So, even at this relatively early stage in the year and with a significant amount (typically 50%) of revenues being recurring, it is unlikely that the current year's profit will match last year's.
Enquiries:Jaywing plc (www.jaywingplc.com)Michael Sprot (Company Secretary)
Tel: 0114 281 1200
Cenkos Securities plc
Nicholas Wells/Callum Davidson (Nominated Adviser)
Tel: 0207 397 8900
Jaywing (JWNG)