Jaywing PLC Trading Statement and Full Year Results Date (9996L)
April 25 2018 - 1:00AM
UK Regulatory
TIDMJWNG
RNS Number : 9996L
Jaywing PLC
25 April 2018
Date: Wednesday 25(th) April 2018
On behalf of: Jaywing plc ("the Company")
Jaywing plc
("Jaywing" or "the Company")
Year-end trading statement
Trading Update
Jaywing plc, the data science led agency and consulting
business, is pleased to provide a pre-close trading update ahead of
its results for the year ended 31(st) March 2018.
The Board can report that it expects the results to be in line
with market expectations. The Company exits the year having
re-aligned the cost base in its Performance Marketing division and
having seen spend start to recover from one of its major brand led
marketing clients in the FMCG sector.
Martin Boddy, Chairman, commented:
"It has been a very challenging year due to tough market
conditions for our Performance Marketing division in the UK and our
Brand led marketing agency in Newbury.
However, it is important to recognise the excellent performance
in other areas of the business and opportunity that we have created
to accelerate growth in Australia with our acquisition of Frank
Digital. Our disruptive data science led offering, creative
excellence and collaborative operating model provide the platform
on which to grow the business in today's rapidly evolving
marketplace."
Board Changes
Following his secondment in Sydney, which culminated in the
successful acquisition of Frank Digital to strengthen our
Australian operation, Andy Gardner is stepping down from the Board
with immediate effect. Andy will continue in his role as Chief
Strategy Officer, working with the executive management team
providing ongoing strategic input and analysis.
Jaywing will release its preliminary results for the year ended
31(st) March 2018 on Tuesday 10th July 2018.
Enquiries:
Jaywing plc (www.jaywingplc.com)
Michael Sprot (Company Secretary)
Tel: 0114 281 1200
Cenkos Securities plc
Nicholas Wells/Callum Davidson (Nominated Adviser)
Tel: 0207 397 892
This information is provided by RNS
The company news service from the London Stock Exchange
END
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