Jaywing PLC Trading Statement (8142X)
May 02 2019 - 1:00AM
UK Regulatory
TIDMJWNG
RNS Number : 8142X
Jaywing PLC
02 May 2019
Date: 2 May 2019
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, provides the following trading update ahead of
publication of its final results for the year ended 31(st) March
2019.
The Board can report that it expects full year EBITDA to be
in-line with market expectations. This performance has been
achieved despite the ongoing challenging market conditions within
the UK and continued uncertainty surrounding its anticipated
withdrawal from the European Union.
During the financial year, management successfully completed the
disposal of a non-core contact centre business, HSM Ltd. This
assisted the Company in focusing on growing its core business in
data science and digital marketing.
Martin Boddy, Chairman, commented:
"This has been a year of solid progress for Jaywing. We have
seen encouraging growth in Epiphany, our online performance
marketing division, and also in our fast-growing operations in
Australia. We have managed our cost base carefully and exited a
non-core low margin business, which has strengthened our balance
sheet.
We have enhanced core capabilities in data science and digital
marketing. This, allied to our AI powered technology and
collaborative "One Jaywing" operating model leaves us well placed
as confidence returns to clients, and their longer term marketing
plans."
Jaywing will announce its preliminary results for the year ended
31(st) March 2019 in July.
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 8900
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END
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