Thomson Intermedia PLC
09 June 2004
THOMSON INTERMEDIA PLC
('Thomson Intermedia' or 'the Company')
AGM STATEMENT
John Napier, Non-executive Chairman of Thomson Intermedia, will make
the following comments at the Company's Annual General Meeting to be held at
11.00a.m. today:
'The value of new sales contracts signed in the first quarter of
this year shows an increase of 39% compared to the previous year, slightly ahead
of the Board's expectations.
'The current order book highlights a strong pipeline of quality
prospects for our three core offerings of competitive monitoring, news
evaluation and press vouching. Total contracts and project business secured in
the first quarter, amounted to £1.6m. This was through a combination of a
continued strong customer retention rate and some substantial new business wins.
As expected, with our high operational gearing, this revenue growth has resulted
in a strong increase in gross margin to 66% in the first quarter of 2004
(unaudited), up from an audited 56% for the whole of the last financial year.
Nevertheless, management continues to focus on further improvements in
operational efficiency and cash balances remain healthy.
'Development of vouching for other media and automatic sentiment
evaluation for the Newsmetrics division continues, with strong progress being
made. Both these products display exciting commercial potential with testing and
market phases expected in the second half of the current financial year.
'Negotiations have advanced with a number of third parties to
enhance the existing product portfolio and to create new revenue streams. In an
important year of commercial development for the Company, the Board is extremely
pleased with progress to date and remains confident about the outcome for the
year as a whole.'
9 June 2003
Enquiries:
Thomson Intermedia
Sarah Jane Thomson, Joint CEO Tel: 020 8466 2906 sjthomson@thomson-intermedia.com
David Trendle, Finance Director Tel: 020 8466 2906 dtrendle@thomson-intermedia.com
College Hill
Kate Pope Tel: 020 7457 2020 kate.pope@collegehill.com
Adrian Duffield Tel: 020 7457 2020 adrian.duffield@collegehill.com
This information is provided by RNS
The company news service from the London Stock Exchange
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