SECG Sec Newgate S.p.a.

TIDMSECG

RNS Number : 2721N

SEC Newgate S.p.A.

19 May 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

19 May 2020

SEC Newgate S.p.A.

("SEC Newgate", the "Group" or the "Company")

2019 Results Update

The Board of SEC Newgate (AIM: SECG), the international communications, advocacy and research group, today provides the following update ahead of the publication of the Group's audited results for the year ended 31 December 2019. The 2019 consolidated results will comprise the consolidated results of SEC S.p.A. until 3 September 2019 and the consolidated results of the enlarged Group (following the merger of SEC S.p.A. and Porta Communications Plc) for the final four months of 2019, to include changes in accounting treatment under IFRS16.

After preliminary audit review, SEC Newgate now expects to report consolidated turnover of Euro 47.6 million, Operating Profit of Euro 1.8 million and Profit Before Tax of c. Euro 1.3 million. Consolidated Group Net Debt at 31 December 2019 was c. Euro 8.7 million (excluding the impact of IFRS 16 adjustments).

The Board expects to announce the detailed audited results in the first week of June 2020 following formal audit sign off.

- ends -

Further information:

For further information please contact:

 
 SEC Newgate S.p.A. 
 Fiorenzo Tagliabue (Group CEO)        Tel: +39 335 6008858 
                                        tagliabue@secrp.com 
 Emma Kane (Deputy Group CEO,          Tel: +44 (0) 7876 338339 
  CEO Newgate Communications UK)        emma.kane@newgatecomms.com 
 Federico Vecchio (Group CFO)          Tel: +44 (0) 20 7680 6500 
                                        federico.vecchio@secnewgate.co 
 
   Arden Partners (Nominated Adviser 
   and Broker) 
 Richard Johnson / Benjamin Cryer      Tel: +44 207 614 5900 
 

Notes to Editors about SEC Newgate

   --      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); Newgate Communications (Abu Dhabi, Australia, Greater China, Singapore, UK); Newington (UK); Publicasity (UK); SEC Latam (Colombia); 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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