Pre-Close Trading Update (4735P)
2011年10月4日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMMSQ
RNS Number : 4735P
Media Square PLC
04 October 2011
Media Square plc (the "Group" or "MSQ")
Pre-Close Trading Update
The Board of Media Square plc (AIM : MSQ), the international
marketing communications group, today provides the following update
prior to entering into a closed period in advance of the
announcement of its interim results for the period up until the
31(st) August 2011. The Group's interim results will be announced
in November.
At an operating level, the Group has continued to make good
progress in a challenging environment. Headline operating profit
and revenue for the period is expected to be broadly similar to the
equivalent period in the prior year.
The Group expects net debt as of 31 August 2011 to be an
increase over the position as of the 28 February 2011 (when
underlying net debt was GBP19.5m). This cash outflow for the first
half is in line with historical working capital patterns (which
typically see an outflow in H1 followed by a corresponding inflow
in H2). However, given the current economic environment and
resulting pressures on working capital being experienced by the
Group's clients and suppliers, the Board recognises that there is a
possibility that this build up in working capital may not be
reversed over the course of the second half of the year, as it has
been in prior years.
Also at the Interim stage, the Group expects to take an
exceptional charge for legal fees and restructuring charges
incurred towards the end of the period relating to a reorganisation
of its advertising division. The direct cash impact of these events
to date has been approximately GBP250k, although the full
exceptional charge may also include provisions for certain related
indirect costs.
Looking forward at a revenue and headline operating profit
level, the Board anticipates that the Group's results for the full
year will be in line with previous expectations. However, the
general trading environment as well as the potential additional
working capital pressure on the Group's financial structure means
that the Board remains cautious about Media Square's future
prospects.
Peter Reid, CEO of Media Square plc, comments: "The Group is
trading well given the economic conditions. It is clearly a
frustration that the high level of legacy debt continues to be a
problem but we continue to take active steps to look at long-term
solutions".
For further information please contact:
Media Square plc www.mediasquare.co.uk
Peter Reid 020 3026 6607
Collins Stewart Europe Limited
Matt Goode / Adam Miller 020 7523 8350
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTMJBRTMBAMBFB
Media Square (LSE:MSQ)
過去 株価チャート
から 5 2024 まで 6 2024
Media Square (LSE:MSQ)
過去 株価チャート
から 6 2023 まで 6 2024