Pre-close statement

RNS Number : 1430J

Ten Alps PLC

25 March 2010

 



25 March 2010

Ten Alps Plc ('Ten Alps' or the 'Company')

Pre-close statement

Multimedia factual producer Ten Alps Plc (AIM: TAL) provides the following pre-close statement for the financial year ending 31 March 2010.

The Directors anticipate that Ten Alps will deliver aprofit before tax of approximately £3.5m, an increase on the prior year of 6% (2009: £3.3m), in line with current market expectations.

The general recessionary environment during the period affected businesses exposed to advertising, Ten Alps included. The Directors therefore expect to report, subject to audit, revenue for the period of approximately £68m (2009: £80.2m) and EBITDA of approximately £5.4m (2009: £5.9m).

Ten Alps has successfully improved its margins through reduced product costs, notably, a continued move to online services and digital distribution of the product range.

The measures taken to improve the Company's return on sales will hold the business in good stead as it enters its new financial year.

In recent trading, weekly advertising sales run rates have improved within the Communications division, and the Content division has achieved its expected order book for TV production which presents a positive, if early, indication for 2010-11.

The Directors believe that the Company's multimedia product proposition is increasingly required by clients across all sectors, and that the assets of Ten Alps remain independently well-positioned in each of their markets.

Preliminary results for the financial year to 31 March 2010 will be released on Tuesday 8 June.

www.tenalps.com

Contact

Ten Alps plc                                                      Tel: [phone]
Alex Connock, CEO                        
c/o Moira McManus
www.tenalps.com/investors

Grant Thornton, Nominated Adviser             Tel: [phone]
Gerry Beaney / Robert Beenstock
www.grantthornton.co.uk

Canaccord Adams, Broker                               Tel: [phone]
Mark Williams / Kit Stephenson
www.canaccordadams.com

Pelham Bell Potinger                                       Tel: [phone]
Alex Walters / Francesca Tuckett
www.pelhampr.com

 

END

 

 

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