SEC Newgate S.p.A. Trading Update (8174B)
04 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMSECG
RNS Number : 8174B
SEC Newgate S.p.A.
04 February 2020
4 February 2020
SEC Newgate S.p.A.
("SEC Newgate" or the "Group")
Trading Update
SEC Newgate (AIM: SECG), the international communications,
advocacy and research group, today provides an update on Group
trading for the year ended 31 December 2019, based on year-end
preliminary figures.
Following the merger of SEC S.p.A. and Porta Communications Plc,
which completed in September 2019, SEC Newgate expects to report
results for the combined Group in line with management
expectations, with consolidated total turnover in excess of Euro 47
million (unaudited), consolidated unadjusted Operating Profit of c.
Euro 2.3 million (unaudited) and consolidated unadjusted Profit
Before Tax of c. Euro 1.6 million (unaudited and subject to
year-end adjustments). Consolidated Net Debt at 31 December 2019
was c. Euro 9.0 million (unaudited and excluding the impact of IFRS
16 adjustments).
Fiorenzo Tagliabue, Group CEO of SEC Newgate, commented:
"The unaudited consolidated figures reflect the significant
progress we have made since the merger in September 2019. Our
three-year Strategic Plan is being implemented, an example of which
was our replacement EUR3 million banking facility secured with
Deutsche Bank S.p.A., on preferable terms with no security or
covenants, reflecting the improved financial stability of the
Group.
"Our agile teams are now working together across the
communications spectrum building and protecting brands, reputations
and business. We are committed to creating positive change for our
people, clients and shareholders and have had a strong start to the
new financial year."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
- Ends -
Further information:
For further information please contact:
SEC Newgate S.p.A.
Fiorenzo Tagliabue (Group CEO) Telephone: +39 335 6008858
tagliabue@secrp.com
Emma Kane (Deputy Group CEO, Telephone: +44 (0) 20
CEO Newgate Communications UK) 3757 6860
emma.kane@newgatecomms.com
Federico Vecchio (Group CFO) Telephone: +44 (0) 20
7680 6500
federico.vecchio@secnewgate.co
Arden Partners
Richard Johnson / Benjamin Cryer Telephone: +44 207 614
5900
Notes to Editors
-- Further information is available at www.secnewgate.com
-- On 3 September 2019, SEC S.p.A. and Porta Communications Plc
merged to create SEC Newgate S.p.A.
The Group's principal brands are: ACH SEC Global (Spain); Cambre
Associates (Belgium); Cambre Maroc (Morocco); Clai (France); Kohl
PR (Germany); Martis Consulting (Poland); SEC Latam (Colombia);
Newgate Communications (Abu Dhabi, Australia, Greater China,
Singapore, UK); Newington (UK); Publicasity (UK); SEC Newgate
S.p.A. (Italy); and 2112 (UK).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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