REG-MediaZest Plc: Trading Update

MediazestAnnouncement

19/07/2023 07:15

19 July 2023

MediaZest Plc

("MediaZest", or the “Group”; AIM: MDZ)

 

 Trading Update

 

 

MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to
provide the following trading update.

 

Progress in the second half of the financial year ending 30 September 2023 has
been promising, with significant new business wins with both new and existing
clients. As with the first half of the financial year, recurring revenue
streams and margins remain robust.

 

Trading in the Group’s European located subsidiary in the Netherlands, which
was established in late 2022 to facilitate project delivery in European Union
countries, has started strongly. The Group has recently achieved new business
wins in multiple EU countries which will generate revenue in excess of
€500,000.

 

In the UK, the volume of client work has also continued to grow with new
projects for several existing clients including Pets at Home, Hyundai, HMV and
Lululemon all being delivered in the second half of the current financial
year.

 

The Board remains confident that the outlook for the second half of the
financial year is encouraging and expects to report improved financial results
relating to the period in due course.

 

Geoff Robertson, MediaZest’s CEO, commented: “As expected, the
establishment of our subsidiary in the Netherlands has already begun to pay
off, with additional revenues generated and multiple new client projects under
negotiation. The volume of UK business also remains encouraging with existing
clients and new customers engaging with us to deploy projects, all of which
bodes well for the longer term growth prospects of the Group.”

 

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

 Enquiries:                                       
 Geoff Robertson                   0845 207 9378  
  Chief Executive Officer                         
  MediaZest Plc                                   
 David Hignell/Adam Cowl           020 3470 0470  
  Nominated Adviser                               
  SP Angel Corporate Finance LLP                  
 Claire Noyce                      020 3764 2341  
  Broker                                          
  Hybridan LLP                                    
                                                  

Notes to Editors:

About MediaZest

MediaZest is a creative audio-visual systems integrator that specialises in
providing innovative marketing solutions to leading retailers, brand owners
and corporations, but also works in the public sector in both the NHS and
Education markets. The Group supplies an integrated service from content
creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM market
in February 2005. For more information, please visit www.mediazest.com



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