Aeorema Communications Plc Trading Statement (1797Z)
May 16 2019 - 1:00AM
UK Regulatory
TIDMAEO
RNS Number : 1797Z
Aeorema Communications Plc
16 May 2019
Prior to publication, the information contained within this
announcement was 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,
this information is now considered to be in the public domain.
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
16 May 2019
Aeorema Communications plc
("Aeorema" or the "Company")
Trading Update
Aeorema Communications plc, the AIM-traded live events agency,
reports a trading update for the 2019 financial year to date.
In this difficult trading environment, the Company is pleased to
have secured business wins with both new and existing clients,
including a three-year contract with a global media company.
Aeorema has seen strong trading in the second half of the reporting
period to date, with record revenues generated that will exceed
those expected by the market. The new business wins, albeit on
reduced margins from certain areas of client business, have
contributed to the improved performance over that seen in the first
half of the financial year and this will result in the Company
reporting profits for the year ended 30 June 2019 broadly in line
with market expectations.
The Company is in a strong cash position and it remains the
intention to pay a full year dividend, subject to the final audited
results for the year.
**ENDS**
For further information visit www.aeorema.com or contact:
Mike Hale Aeorema Communications Tel: +44 (0) 20 7291
plc 0444
John Depasquale / Liz Allenby Capital Limited Tel: +44 (0)20 3328
Kirchner (Nominated Adviser 5656
and Broker)
Catherine Leftley / St Brides Partners Tel: +44 (0) 20 7236
Gaby Jenner Ltd 1177
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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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