Avesco Group PLC Trading Update (8402Z)

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RNS Number : 8402Z

Avesco Group PLC

16 December 2014

Avesco Group plc

Trading Update

Avesco Group plc (the "Group"), the provider of services to the corporate presentation, entertainment and broadcast markets, today issues the following trading update ahead of its full year results for the financial year ended 30 September 2014.

The restructuring of the Group's Creative Technology and Presteigne Broadcast Hire businesses in mainland Europe has now been completed in line with our previous cost estimates and it is pleasing to note that the cost savings derived from this exercise are already coming through, both stronger and quicker than anticipated.

The final quarter of the year was also extremely busy for the Group, with a particularly strong performance from Creative Technology in North America.

Consequently the directors anticipate that operating profits and trading profits (being operating profits excluding the impact of non-recurring restructuring costs), before and after net finance costs, for the year ended 30 September 2014, will be ahead of current expectations. The Group's results for the year ended September 2014 are planned to be announced on 15(th) January 2015.

For further information please contact:

Avesco Group plc 01293 583400

Richard Murray, Chairman

John Christmas, Finance Director

finnCap 020 7220 0500

Julian Blunt/Ed Frisby, Corporate Finance

Victoria Bates, Corporate Broking

This information is provided by RNS

The company news service from the London Stock Exchange

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