REG - SpaceandPeople PLC - Trading update

SpaceandpeopleAnnouncement

07/02/2022 07:00

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RNS Number : 8066A  SpaceandPeople PLC  07 February 2022

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7 February 2022

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

 

Trading update

 

SpaceandPeople, (AIM:SAL) the retail, promotional and brand experience
specialist, today issues a pre-close trading update for the year ended 31
December 2021 ("FY21").

Trading during the second half of 2021 began to recover as restrictions eased,
although this was negatively affected to an extent due to Government advice in
the key December trading period.

Revenue for FY21 was substantially better than FY20 at £4.5m (FY20: £2.8m)
with the re-opening of venues in the second half of the year leading to a
bounce back in trading activity.

As at 31 December 2021, the Group had cash of £1.35 million (31 December
2020: £0.8 million) with £2.0 million of term loans (2020: £1.8 million)
and undrawn bank facilities of £0.75 million (2020: £0.5 million).
Therefore, cash headroom at 31 December 2021 was £2.1 million (2020: £1.3
million).

Trading has continued to recover in early 2022 in both the UK and Germany and
the Board is increasingly confident on the outlook for the business and has
the resources and opportunities to deliver sustained and improved financial
performance.

The Group expects to announce its 2021 results during the week commencing 25
April 2022.

 

This announcement was approved for release by Gregor Dunlay, CFO of the Group.

Contact details:

 SpaceandPeople Plc                                   0845 241 8215
 Nancy Cullen, Gregor Dunlay
 Zeus Capital Limited (Nominated Adviser and Broker)  0203 829 5000
 David Foreman, Jamie Peel

 

 

 

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