RNS Number : 6227N

SEC Newgate S.p.A.

02 February 2021

2 February 2021

SEC Newgate S.p.A.

("SEC Newgate" or the "Group")

Trading Update

SEC Newgate S.p.A., the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, today provides an update on Group trading for the year ended 31 December 2020, based on year-end preliminary unaudited figures.

SEC Newgate expects to report results for the Group in line with market expectations, with consolidated total turnover of c. EUR65 million, consolidated Gross Profit of c. EUR56 million, consolidated unadjusted Operating Profit of c. EUR4.2 million and consolidated unadjusted Profit Before Tax of c. EUR3.0 million (subject to year-end adjustments). Consolidated Net Debt as at 31 December 2020 was c. EUR7.8 million (excluding the impact of c. EUR5.75 million IFRS 16 adjustments for leases).

Fiorenzo Tagliabue, Group Chief Executive, commented:

"Our first full year as SEC Newgate has ended very positively due to the huge effort made across our Group and, in particular, by our teams in Australia, the UK, Italy and Brussels. We have started the new financial year in a strong financial position and with a significant pipeline as we continue to build a diversified, dynamic group that is helping clients clearly demonstrate their purpose, value and impact locally, nationally and internationally."


Media Enquiries

  Fiorenzo Tagliabue (Group CEO)     Tel: +39 335 6008858 
  Emma Kane (Deputy Group CEO,       Tel: +44 (0) 7876 338339 
   CEO SEC Newgate UK)                emma.kane@secnewgate.co.uk 
  Sergio Penna (Group CFO)           penna@secrp.com 
   Arden Partners 
   (Nominated Adviser and Broker) 
  Richard Johnson / Benjamin Cryer   Tel: +44 (0) 20 7614 5900 

Notes to Editors

-- SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally.

   --    Further information is available at the Group's website:  www.secnewgate.com 
   --    Further information on SEC Newgate UK is available at:  www.secnewgate.co.uk 

Market Abuse Regulation (MAR) Disclosure

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(END) Dow Jones Newswires

February 02, 2021 02:00 ET (07:00 GMT)