SEC Newgate S.p.A. Trading Update
RNS Number : 6227N
SEC Newgate S.p.A.
02 February 2021
2 February 2021
SEC Newgate S.p.A.
("SEC Newgate" or the "Group")
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."
Fiorenzo Tagliabue (Group CEO) Tel: +39 335 6008858
Emma Kane (Deputy Group CEO, Tel: +44 (0) 7876 338339
CEO SEC Newgate UK) firstname.lastname@example.org
Sergio Penna (Group CFO) email@example.com
(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
-- 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
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(END) Dow Jones Newswires
February 02, 2021 02:00 ET (07:00 GMT)