REG - SpaceandPeople PLC - Pre-Close Trading Update <Origin Href="QuoteRef">SAL.L</Origin>

SpaceandpeopleAnnouncement

28/01/2015 02:18

RNS Number : 9162C
SpaceandPeople PLC
23 January 2015
23 January 2015
SpaceandPeople plc
("SpaceandPeople" or the "Company")
Pre-Close Trading Update
Space and People, (AIM:SAL) the retail, promotional and brand experience specialist, today issues a pre-close trading update ahead of its final results for the year ended 31 December 2014, which will be released on 23 March 2015.
Trading during the last four months of the year has been robust with profits for the year expected to be at the upper end of market expectations and higher than expected cash inflows with a net cash balance at 31 December 2014 of 1.5 million (2013: 1.9 million).
Matthew Bending, Chief Executive of SpaceandPeople commented:
"Despite it being a difficult year I am pleased to say that the core UK and German businesses had a good return to form in the second half. The Company is making good progress with new higher margin products and we look forward to 2015 with confidence."
For further information, contact:
SpaceandPeople plc
0845 241 8215
Matthew Bending
Gregor Dunlay

Cantor Fitzgerald Europe
020 7894 7000
David Foreman / Mark Percy / Will Goode (Corporate Finance)
David Banks (Corporate Broking)

About SpaceandPeople plc:
SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.
www.spaceandpeople.com

This information is provided by RNS
The company news service from the London Stock Exchange
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