Pre-Close Trading Update (8827E)
14 Aprile 2011 - 8:00AM
UK Regulatory
TIDMFUZ8
RNS Number : 8827E
Fuse 8 PLC
14 April 2011
Date: 14 April 2011
On behalf of: Fuse 8 plc ('Fuse 8' or 'the Company')
Embargoed until: 0700hrs
Fuse 8 plc
Pre-Close Trading Update
Fuse 8 plc (AIM: FUZ 8), the full service digital marketing
agency, is pleased to provide an update on trading for the year
ended 31 March 2011 in advance of its Preliminary Results
announcement, which is expected to be made in June 2011.
The second half of the financial year has continued to progress
steadily and the Company expects to report revenues and profits
before exceptional items in line with current expectations. The
exceptional items during the period relate to the costs of Fuse 8's
admission to AIM and the acquisition of Delete Digital
Marketing.
Despite the fragile UK economy the Company has continued to see
increased levels of activity as both existing and new clients turn
to Fuse 8 to help them deploy digital marketing strategies and
campaigns.
New business wins have continued at a good pace, with new
clients including: London Stock Exchange, Olympic Park Legacy
Company and Welcome to Yorkshire. Some sectors, such as the public
sector, have shown a slowing in clients' decision making, however
the overall pipeline is still strong.
The Company's new office in London, acquired in December 2010,
has been successfully integrated into the Fuse 8 infrastructure,
and has increased the opportunities for the enlarged Company within
its key markets.
The outlook over the next financial year remains positive and
the Company expects to further increase revenues and profits whilst
also actively reviewing acquisition opportunities for complementary
businesses that will both add to the Fuse 8 client offering, and
drive shareholder value.
The Company is also pleased to announce that Mark Walton,
currently Executive Chairman of Fuse 8 Group plc, will now be
focusing on strategic technology development for Fuse 8. Such
development is intended to keep the Company at the leading edge of
communications capabilities. Mr Walton will remain on the Board of
Directors and become the Non-Executive Chairman.
Commenting Nigel Hunter, Chief Executive Officer said:
"We are pleased with the progress that the Company has made
since joining the market, and we continue to win clients and
service our growing client base.
"We know that we cannot be complacent about the condition of the
economy and recognise the need to continue to deliver exceptional
service and results to our clients in order to maintain the
continued growth of Fuse 8."
For Further Information please contact:
Fuse 8 plc
Nigel Hunter/Graeme Burns Tel +44 (0)113 260 4600
finnCap
Geoff Nash/ Charlotte Stranner Tel +44 (0) 20 7600 1658
Redleaf Communications
Rebecca Sanders-Hewett/ Lucy Salaman Tel +44 (0) 20 7566 6700
Notes to editors:
Fuse 8 is a full service digital marketing specialist covering a
wide spectrum of services, ranging from creative development
services to Search Engine Optimisation (SEO). Fuse 8, has offices
in Leeds and Russia, centres most of its services around enhancing
clients' reputations by helping to market and build their brands.
The Group's principal expertise is in assisting its clients to
build, grow and develop their online brands and, through this, help
to drive sales and market share growth.
Fuse 8's current service offering encompasses the six main
sectors below:
-- Online Design & Build
-- Digital Marketing
-- Creative Services
-- Media Planning & Buying
-- Marketing Consultancy
-- Online Press & Public Relations, Online Content
Fuse 8 was founded in 2000 by Mark Walton and Andy Hutchinson.
As an early adopter of online technology, the Company has spent ten
years developing and refining its digital marketing offering and
has grown rapidly in a fragmented marketplace. The business now
services more than 100 clients across the UK, Continental Europe,
and the USA. Major clients currently include: Adidas, Arla Foods,
Alton Towers, Asda, British Airways, Central Office of Information,
Manpower, Miele, Persimmon Homes, Soreen, and UK Trade &
Investment.
Fuse 8 is listed on the London Stock Exchange under the symbol
FUZ8. Further information on the Company can be found at
www.fuse8.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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