REG - Aeorema Comms Plc - Trading Update - Double Digit Revenue Growth

Aeorema CommunicationsAnnouncement

01/03/2023 13:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230301:nRSA5539Ra&default-theme=true

RNS Number : 5539R  Aeorema Communications Plc  01 March 2023

The Information communicated within this announcement is deemed to constitute
information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

1 March 2023

Aeorema Communications plc ('Aeorema' or 'the Company' or 'the Group')

Trading Update

-      Double Digit Revenue Growth   -

 

Aeorema Communications plc, a leading strategic communications group based in
London, New York City and Amsterdam, is pleased to announce an update on
trading for the first half of the current financial year ('H1 2023').

 

The year continues to be one of major investment in our service offering as
Aeorema continues to experience significant demand for its integrated agency
services and client partnership approach, offering bespoke events spanning
live, virtual, and hybrid experiences.

 

Aeorema has experienced a strong first half of the financial year ending 30
June 2023 ('FY 2023') and expects to report H1 2023 revenues, building on the
records of last year, of not less than £7 million (H1 2022: £4.91 million)
and H1 2023 profit before tax of not less than £325,000 (H1 2022: £255,677).

 

Looking ahead to the remainder of FY 2023, the Company's prospects remain
favourable. There are a large number of discussions taking place, particularly
on the back of our recently announced contract win with Stagwell for one of
the largest experiential events at Cannes Lions 2023. The pipeline is looking
strong as we go into the final few months of FY 2023, and we anticipate this
growth in revenue to continue.

 

Steve Quah, CEO, commented: "I am delighted to report another period of
improved performance during the first half of this financial year. We are
benefitting from our increasing global reach, which we are investing
significantly in, working with leading brands on communications campaigns that
span multiple regions and multiple markets.

 

"The first half of our financial year has ended very well for Aeorema with
double-digit revenue growth, and I look forward to updating our shareholders
with further details in the coming weeks."

 

The Interim Results for the period ending 31 December 2022 will be released
during the week commencing 27 March 2023.

 

 

 

*ENDS*

 

For further information visit www.aeorema.com (http://www.aeorema.com/)  or
contact:

 

 Mike Hale                                      Aeorema Communications plc                              +44 (0)20 7291 0444


 John Depasquale (Corporate Finance)            Allenby Capital Limited (Nominated Adviser and Broker)  +44 (0)20 3328 5656

 Kelly Gardiner (Sales and Corporate Broking)
 Catherine Leftley/ Paul Dulieu                 St Brides Partners Ltd                                  info@stbridespartners.co.uk

                                                (Financial PR)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTUAAOROKUORAR