AGM Statement

RNS Number : 0063J

Creston PLC

06 September 2016

 

6 September 2016

Creston plc

AGM Statement

Creston plc ('Creston' or the 'Group') (LSE: CRE), the marketing communications group, announces that at the Annual General Meeting to be held at 9.00 am today, it will provide the following update for the four months trading to 31 July 2016.

The Group has had a positive start to the year, trading broadly in line with expectations and maintaining its strong balance sheet, which underpins its progressive dividend policy.

The recent EU referendum continues to cause some variability and uncertainty in budgets amongst the Group's UK clients, which adds to the challenges some were already facing as they experience their own transformations within their industries. The subsequent movements in existing clients' marketing budgets have largely offset the benefit of new business gains and for the period to 31 July 2016 there has been marginal growth in reported Group revenues.

Group Headline PBT is well ahead of the comparative period reflecting the benefit from the ongoing implementation of operational efficiencies commenced in the prior year and some benefit from the weakening in UK sterling.

The Company is also making good progress in its search for a new Chairman and will update the market soon.

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For further information please contact:

Creston plc	+ 44 (0)20 7930 9757
Barrie Brien, Group Chief Executive
Kathryn Herrick, Chief Financial Officer
Bell Pottinger	[phone]
Elly Williamson/Lucy Stewart

About Creston plc

Creston plc (LSE: CRE), incorporating the Creston Unlimited group offer, is a marketing communications group delivering a range of digital technology-based marketing solutions to blue-chip global clients. Encompassing consultants and discipline experts from across the industry and beyond, Creston Unlimited unlocks the power of creative collaboration to realise the opportunities that exist for brands and businesses in today's rapidly evolving world. www.creston.com / www.creston-unlimited.com  

 

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