Aeorema Communications Plc Trading Update (9869Q)
December 05 2016 - 6:43AM
UK Regulatory
TIDMAEO
RNS Number : 9869Q
Aeorema Communications Plc
05 December 2016
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
5 December 2016
Aeorema Communications plc ('Aeorema' or 'the Company')
Trading Update
Aeorema Communications plc, the AIM-traded live events agency,
provides a trading update. As outlined in the Company's full year
results in October 2016, the trading environment in the event
sector has been challenging with uncertainty causing customers to
be more reserved in their event planning budgets. Indeed, the
Company noted that the next six months could be rocky. Against this
backdrop, trading during the first six months of the year has been
in line with management expectations and it remains in a strong
cash position. However, it is now evident that market volatility is
affecting client spending plans and certain contracts have already
either been postponed or cancelled. As a result, the Board of the
Company now believes that trading during the second six months of
the year will be below anticipated levels.
The Company has a strong market reputation in the delivery of
creative and differentiated live events, incorporating both screen
content and video. Given the skill sets within the Company and its
market reputation, the Board believes that notwithstanding the
short term challenges the Company is facing, its long-term strategy
for the Company will see Aeorema prosper.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) no 596/2014.
**ENDS**
For further information visit www.aeorema.com or contact:
Gary Fitzpatrick Aeorema Communications plc Tel: 020 7291
0444
Marc Milmo/Catherine Leftley Cantor Fitzgerald Europe Tel: 020
7894 7000
Isabel de Salis/Megan Dennison St Brides Partners Tel: 020 7236
1177
This information is provided by RNS
The company news service from the London Stock Exchange
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