MDZ Mediazest Plc

 
TIDMMDZ 
 
24 August 2021 
 
                                 MediaZest Plc 
 
             ("MediaZest", the "Company" or the "Group"; AIM: MDZ) 
 
                                 Trading Update 
 
MediaZest (AIM: MDZ), the creative audio-visual company, is pleased to provide 
an update on current trading and new business wins. 
 
Further to the announcements of 11 February and 30 March 2021, the Company 
continues to win additional new project work with a strong uptake across the 
main vertical sectors in which it operates, with many delivered across the 
second half of the current financial year to 30 September 2021. 
 
The main sectors the Company specialises in are Retail, Automotive, Corporate 
office spaces (including Innovation centres and virtual meeting rooms) and 
Education. 
 
As expected and noted in the Unaudited Interim Results to 31 March 2021, the 
impact of this new project work would, and has, led to a notable improvement in 
the Company's performance during the second half of the financial year. 
 
In addition to project revenues, ongoing recurring revenue contracts continue 
to be robust with several renewals and new contracts signed in the last 4 to 5 
months (including a number of multi-year deals) with both new and existing 
clients, providing greater visibility with regards to ongoing revenue across 
the next 3 years and potentially beyond. 
 
With the Group experiencing strong demand in all four sectors, the outlook 
beyond 30 September 2021 also looks encouraging. As such the Group has invested 
in additional sales resource, including the recruitment of a senior salesperson 
for the Corporate Sector. This has been an area of growth in recent years and 
particularly the last few months as clients and potential customers adapt their 
places of business with new technology solutions in order to safely accommodate 
the return to the office environment for their staff. 
 
Geoff Robertson, CEO commented, "We believe a lot of the changes in the 
workspace environment that were taking hold before the pandemic are being 
accelerated and following the recent improvement in the Company's financial 
performance, it is the right time to invest in further growing this side of the 
business. Across all sectors, the number of projects coming from established 
clients and the levels of renewal and growth of recurring revenue contracts are 
both encouraging and show the results of steadily building the business and 
client base in recent years." 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law 
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed 
in accordance with the Company's obligations under Article 17 of MAR. 
 
 
Enquiries: 
 
Geoff Robertson                                      0845 207 9378 
Chief Executive Officer 
MediaZest Plc 
 
David Hignell/Adam Cowl                              020 3470 0470 
Nominated Adviser 
SP Angel Corporate Finance LLP 
 
Claire Noyce                                         020 3764 2341 
Broker 
Hybridan LLP 
 
 
Notes to Editors: 
 
About MediaZest 
 
MediaZest is a creative audio-visual systems integrator that specialises in 
providing innovative marketing solutions to leading retailers, brand owners and 
corporations, but also works in the public sector in both the NHS and Education 
markets. The Group supplies an integrated service from content creation and 
system design to installation, technical support, and maintenance. MediaZest 
was admitted to the London Stock Exchange's AIM market in February 2005. For 
more information, please visit www.mediazest.com 
 
 
 
END 
 
 

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August 24, 2021 02:00 ET (06:00 GMT)

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