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EXP Expomedia Grp

1.25
0.00 (0.00%)
13 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Expomedia Grp LSE:EXP London Ordinary Share GB0031056673 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.25 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pre-Close Trading Update

12/07/2007 8:01am

UK Regulatory


RNS Number:1062A
Expomedia Group PLC
12 July 2007



                                                                    12 July 2007

                               EXPOMEDIA GROUP PLC

                          ("Expomedia" or "the Group")


                            PRE-CLOSE TRADING UPDATE

                               NOTICE OF RESULTS


             Strong progress made in 2007 with profitability ahead


The Board of Expomedia Group plc, the AIM listed international exhibition,
conference and publishing company, is pleased to provide shareholders today with
an update on trading for the six months ended 30 June 2007 prior to the Company
entering its close period, which reflects trading performance in line with
expectations, and a significant improvement over the prior year .



KEYPOINTS:


   * 2007 set to be profitable;
   * Significant increase in turnover from continuing activities - up by over
     32% including share of JVs;
   * First positive interim EBITDA - a major improvement from 2006;
   * Current bookings on continuing activities for 2007 up by 42%;
   * June: Acquisition of a 90% interest in events business 'EXPOSYSTEMS';
   * May: Group's largest acquisition to date in the leading branded
     property events: Homebuyer Events Ltd.;
   * April: Acquisition of World Food Market exhibition;
   * Conference business up by 74%;
   * Further opportunities for strong organic growth and potential
     acquisitions; and
   * Significant non-core business disposals.



Strong trading

The Board is pleased to announce that the Group has made good progress in 2007,
with trading broadly in line with expectations and showing a marked improvement
over the previous period with turnover from continuing activities increasing by
32% to Euro17.1 million (2006: Euro13.0 million). The Board is also pleased to report
Expomedia's first positive interim EBITDA - which shows an increase over the
previous period. This overall strong performance is a result of the realignment
of the business, and recent tactical and complementary acquisitions.  The Board
anticipates that growth will continue in the second half of 2007, where turnover
has historically been heavily weighted; and remains confident that the Group
will be profitable in 2007.


As highlighted at the time of the Group's March Preliminary Results, the focus
was to continue to drive its foothold in India, Russia, Poland, Germany and the
UK. All of the Group's core operations have shown improvement: in particular,
the growth of Expomedia's Conference Businesses in Russia, Poland and India - up
by 74% compared to last year.


Positive outlook ahead

The Board is highly positive over Expomedia's potential in 2007 and beyond.
Forward bookings for 2007 are also encouraging, with current bookings 42% ahead
of the same period in 2006. The Group has now created and settled its
infrastructure across key markets, and is in a robust position to capitalise on
future opportunities in each of Expomedia's territories.


Notice of Results

The Board announces that it will be releasing its results for the six months
ended 30 June 2007, on 24 September 2007, and looks forward to providing
shareholders with a more in-depth statement.


Mark Shashoua, CEO, commented: "Following the key restructuring decisions made
in 2006, to streamline the business, the Group has turned the corner in its
development. Proof of this turnaround can be seen in the first six months of
2007, and the Board anticipates that it will continue in the second half of
2007, where we have always been traditionally weighted.


"With the addition of acquiring leading branded events in their respective
industries Expomedia remains in an ideal position to replicate these into our
core markets.


"With trading in line with expectations, we look forward to 2007 being a
profitable year."



                                     -Ends-


For further information contact:

Expomedia Group Plc Tel: 020 8386 0070
Mark Shashoua, CEO

Bishopsgate Communications Ltd Tel: 020 7562 3350
Dominic Barretto
Sophie Davis

Charles Stanley Securities Tel: 020 7149 6000
Mark Taylor






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

END
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