27 September 2019
MediaZest Plc
("MediaZest" or the "Company”; AIM: MDZ)
Trading update
Ahead of today’s AGM, the Board is pleased to provide the
following update on current trading.
As previously noted at length, the first half of the financial
year has proved difficult against a challenging macroeconomic
backdrop in the UK, felt particularly keenly in the retail sector.
This has been mitigated somewhat by cost savings implemented at the
beginning of 2019 and ongoing contractual revenues which continue
to renew at a healthy rate.
However, the second half of the year is set to be much improved
with two large projects set for completion in November/December
which should generate significant profitability in the quarter
ended 31 December 2019.
Further projects for Ted Baker,
LuluLemon, Pets at Home, Tiffany & Co, Kuoni, HMV and Hyundai
have been completed or are in progress. New business enquiries in
recent weeks have markedly increased and several potentially
significant opportunities are being pitched in coming months.
At this stage it is too early to be able to forecast full year
results but pending successful upcoming pitches the Board expects
to build upon last year’s profit for the current financial year
despite the economic environment.
This announcement contains inside
information for the purposes of Article 7 of Regulation (EU)
596/2014.
| Enquiries: |
|
Geoff Robertson
Chief Executive Officer
MediaZest Plc |
0845 207 9378 |
David Hignell/Lindsay Mair/Jamie Spotswood
Nominated Adviser
SP Angel Corporate Finance LLP |
020 3470 0470 |
Claire Noyce
Broker
Hybridan LLP |
020 3764 2341 |
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Notes to Editors:
About MediaZest
MediaZest is a creative audio-visual systems integrator that
specialises in providing innovative marketing solutions to leading
retailers, brand owners and corporations, but also works in the
public sector in both the NHS and Education markets. The Group
supplies an integrated service from content creation and system
design to installation, technical support, and maintenance.
MediaZest was admitted to the London Stock Exchange's AIM market in
February 2005. For more information,
please visit www.mediazest.com