Pre Close Trading Update

RNS Number : 3436W

SpaceandPeople PLC

25 January 2013

 



SpaceandPeople plc

("SpaceandPeople" and "the Company")

Pre Close Trading Update

SpaceandPeople is pleased to announce the following update on trading during its financial year ended 31 December 2012. The Company's final results will be announced on 25 March 2013 and the Board expects they will be in line with market expectations.

Trading throughout the second half of the year continued strongly, with revenue from existing clients increasing as well as significant new client gains such as Land Securities and Capital Shopping Centres in the UK and MEC in Germany. As a result for the full year:

·     UK client venue sales increased by 16% to £21.4million and net income to the Company increased by 5% to £8.4million,

·     German client venue sales increased by 52% to €10.1million and net income to the Company increased by 70% to €3.7million.

Cash flow was positive during 2012 with cash less borrowings being £391k at the end of the year compared with £2k at the end of 2011. This was achieved on top of investing in the future growth of the Company by expanding and developing the mobile kiosk business in Germany and the UK and investing significantly in IT.

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Seymour Pierce Limited	020 7107 8000
Stewart Dickson, David Foreman (Nominated Adviser)
Richard Redmayne, Paul Jewell (Corporate Broking)

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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