Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Be Heard Group Plc LSE:BHRD London Ordinary Share GB00BT6SJV45 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 5.56% 0.475 0.45 0.50 0.49 0.45 0.45 4,194,742 09:00:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 55.8 -7.9 -1.0 - 6

Be Heard Group PLC Trading Update

16/12/2019 7:00am

UK Regulatory (RNS & others)


Be Heard (LSE:BHRD)
Historical Stock Chart


From Jul 2019 to Jul 2020

Click Here for more Be Heard Charts.

TIDMBHRD

RNS Number : 8956W

Be Heard Group PLC

16 December 2019

For Approval

16.12.2019

Be Heard Group plc

Trading update

Be Heard Group plc ("Be Heard" or the "Group") (AIM: BHRD), the digital marketing services group, today announces the following trading update ahead of its announcement of the Group's results for the year ending 31 December 2019, which is expected to be released in late April 2020.

Trading performance

The full year outlook for the Group remains unchanged, with reported EBITDA (post IFRS 16)(1) expected to be in line with market expectations. The Group's digital and insight businesses continue to perform well, offsetting the disappointing decline that the Group has experienced in its more traditional and creative businesses, which is in line with recent announcements from several of the Group's competitors.

David Morrison, Non-Executive Chairman of Be Heard plc, commented:

"For many companies in our universe, particularly those operating in the more traditional creative and marketing sectors, the past twelve months have been challenging. For Be Heard, 2019 has, particularly in the context of prevailing market conditions and competitor performance, been a successful year in which the Group has made demonstrable progress across a broad range of metrics including: new business wins, growth from the established client base and improved cost and working capital management.

Looking to 2020, we expect the economic and market conditions to be broadly similar to those of 2019. This, coupled with our financial constraints, means that in order to deliver growth we will have to be more innovative, more responsive and more agile than our competitors in responding to changing client needs. However, we will enter the new year with a reasonable level of booked business and a guardedly positive outlook."

Note 1: Reported EBITDA which includes the impact of IFRS 16 (Leases) is Earnings Before Interest Tax Depreciation and Amortisation and excludes; share based payments charge, abortive costs and restructuring/redundancy costs.

For further information please contact:

   Be Heard Group plc                                        +44 (0) 203 828 6269 

Simon Pyper - Chief Executive Officer

Ben Rudman - Chief Operating Officer

   Cairn Financial Advisers - Nomad              +44 (0) 207 213 0880 

Jo Turner / Tony Rawlinson

   Dowgate - Broker                                          +44 (0) 203 903 7715 

James Serjeant

   Hudson Sandler- Financial PR                    +44 (0) 207 796 4133 

Nick Lyon

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the directors' of Be Heard (the "Directors") current intentions, beliefs or expectations concerning, among other things, Be Heard's results of operations, financial condition, liquidity, prospects, growth, strategies and Be Heard's markets. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based on certain factors and assumptions, including the Directors' current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Be Heard's operations, results of operations, growth strategy and liquidity. Whilst the Directors consider these assumptions to be reasonable based upon information currently available, they may prove to be incorrect. Save as required by applicable law or by the AIM Rules for Companies, Be Heard undertakes no obligation to release publicly the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the Directors' expectations or to reflect events or circumstances after the date of this announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

TSTCKNDDOBDDKBD

(END) Dow Jones Newswires

December 16, 2019 02:00 ET (07:00 GMT)

1 Year Be Heard Chart

1 Year Be Heard Chart

1 Month Be Heard Chart

1 Month Be Heard Chart
ADVFN Advertorial
Your Recent History
LSE
BHRD
Be Heard
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200705 11:32:44