REG - SpaceandPeople PLC - Trading Update

SpaceandpeopleAnnouncement

11/02/2025 07:00

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RNS Number : 5705W  SpaceandPeople PLC  11 February 2025

SpaceandPeople plc

("SpaceandPeople" or the "Group")

 

Trading Update

 

SpaceandPeople (AIM:SAL) the retail, promotional and brand experience
specialist, is pleased to announce a positive pre-close trading update for the
year ended 31 December 2024 ("FY24").

The Board is pleased to report that the strong sales performance achieved
across the business in the first half of FY24 continued during the second
half, with total unaudited revenue for FY24 being above market expectations,
at approximately £6.8 million (2023: £5.8 million). All departments
performed well, with UK Brand Experience and Rock Up and Pop Up (our unique
end-to-end pop-up retail solution) showing particularly strong growth.

During FY24, the Group prioritised investing in additional staff, both in
relation to securing the renewed Network Rail contract and to deliver further
anticipated growth across the business in 2025 and beyond. This increase in
staff numbers along with commission and bonuses payable in relation to
achieving key revenue targets means that profitability remains in line with
market expectations.

As at 31 December 2024, the Group had gross cash of £1.9 million (2023: £1.9
million) with £0.8 million of term loans (2023: £1.1 million), which is
slightly better than market expectations.

The Group expects to announce its FY24 results during the week commencing 14
April 2025.

 

Contact details:

 SpaceandPeople Plc                   0845 241 8215
 Nancy Cullen, Gregor Dunlay

 Zeus (Nominated Adviser and Broker)  0203 829 5000
 David Foreman, Ed Beddows

 

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