Pre Close Trading Update

RNS Number : 4154Y

SpaceandPeople PLC

24 January 2014

 



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 2013. The Company's final results will be announced on 24 March 2014.

Gross revenue for the year increased to £36.8 million (2012: £30.1 million) and net revenue increased to £13.8 million (2012: £13.1 million) as the Company continued to expand its client base whilst delivering increased sales to its existing clients both in the UK and Germany.

Pre-tax profit for the year is anticipated to be in line with current market expectations.

Cash flow was again positive during 2013 with net cash being £1.9 million at the end of the year compared with £834k at the end of 2012.

During 2013 the Company has continued to make good progress and has gained a number of significant and iconic clients including St Pancras International, One New Change, The Garden Centre Group and Corio GmbH. These clients, together with our existing portfolio and our determination to win additional business place the Company in an excellent position to continue its growth going forwards.

For further information, contact:

SpaceandPeople plc
Matthew Bending, Gregor Dunlay	0845 251 8215
Cantor Fitzgerald Europe
David Foreman / Mark Percy (Corporate Finance) Richard Redmayne / Paul Jewell (Corporate Broking)	0207 894 7000

About SpaceandPeople plc:

The SpaceandPeople Group markets, sells and administers space in high footfall venues, including shopping centres, garden centres, city centres, retail parks and travel hubs. 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 with 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 Mobile Kiosk specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

 

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