REG-MediaZest Plc: Trading Update

MediazestAnnouncement

13/01/2025 07:15

 13 January 2025


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.

 

MediaZest Plc

(“MediaZest”, the “Company”, or the “Group”)

 

Trading Update

 

Strong FY performance

Growth in revenues and an expected return to EBITDA profitability

 

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider,
provides an update to shareholders on a positive performance for the year
ended 30 September 2024, following strong Q4 trading with key customers
continuing to roll-out digital signage installations across multiple sites.

 

The Company has delivered a return to year-on-year growth, with annual
revenues up around 30% to approximately £3.0m (FY 2023: £2.34m). MediaZest
expects to announce a significantly improved performance for FY 2024 compared
to FY 2023, showing a return to positive EBITDA (FY 2023: £0.23m EBITDA
loss). Cash in hand at the year-end is also expected to have improved from the
previous year end cash position.

 

MediaZest continues to increase the number of longer-term recurring revenue
contracts, with a recurring annual run rate at 30 September 2024 of c.
£900,000, compared to c. £700,000 at 30 September 2023. This continues to
grow and is expected to further increase during 2025. It is also pleasing to
see the level of European business increase after the Company’s Dutch office
was established at the end of 2022.

 

Significant projects undertaken during the year include:

 
* Pets at Home – Continued roll out of digital signage solutions, now in
over 100 stores across the UK
* Lululemon Athletica - UK projects supplemented by providing solutions in new
stores in Oslo, Stockholm and Berlin
* Kia – Car show room audio visual roll outs continued in the Netherlands,
Ireland and Slovakia
* Hyundai – Show room audio visual upgrades and ongoing support and
maintenance, generating additional recurring revenue
* First Rate Exchange Services – Successful “proof of concept” project
for the supply of digital currency boards into UK post offices
 

The Company has also worked with customers such as Wincanton, Harrods, Philip
Morris International, Arc’Teryx and Castore in the past financial year to
September 2024.

 

MediaZest expects to issue its Full Year results at the end of February 2025.

 

Geoff Robertson, Group Chief Executive, commented: “We are delighted with
the strong year end performance of the business, and the growing momentum we
have brought into the new financial year. Our order book and overall forward
visibility is encouraging and we look to continue our momentum into 2025.”

 

For further information please contact:    

 

 MediaZest Plc                                                          www.mediazest.com                                                     
 Geoff Robertson, Chief Executive Officer                               via Walbrook PR                                                       
                                                                                                                                              
 SP Angel Corporate Finance LLP (Nomad)                                 Tel: +44 (0)20 3470 0470                                              
 David Hignell / Adam Cowl                                                                                                                    
                                                                                                                                              
 Hybridan LLP (Corporate Broker)                                        Tel: +44 (0)20 3764 2341                                              
 Claire Noyce                                                                                                                                 
                                                                                                                                              
 Walbrook PR (Media & Investor Relations)  Tel: +44 (0)20 7933 8780 or mediazest@walbrookpr.com                                               
 Paul McManus / Lianne Applegarth Alice Woodings                        Mob: +44 (0)7980 541 893 / +44 (0)7584 391 303 / +44 (0)7407 804 654  
                                                                                                                                              

 

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading retailers,
brand owners and corporations. The Group offers 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 in
February 2005.

 

MediaZest’s new AIM rule 26 investor site is now available to view on the
Company website here: https://www.mediazest.com/about/investor-relations/

 



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