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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Huntsworth Plc | LSE:HNT | London | Ordinary Share | GB00B0CRWK29 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.50 | 107.50 | 108.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHNT
RNS Number : 1005P
Huntsworth PLC
24 May 2018
Trading update
Huntsworth plc, the healthcare and communications group, is today issuing the following trading update for the four months to 30(th) April 2018.
-- Group trading well and in line with market expectations. -- AboveNation Media (acquired in February 2018) fully integrated. -- Balance sheet remains strong with net debt lower than expected.
Trading
The Group traded well through the first four months of the year, led by strong growth in the Medical and Immersive Divisions. The Marketing Division is flat, as expected, as it tracks a very strong first half prior year comparator, with stronger growth expected in the second half of the year.
The Communications Division continues to trade in-line with expectations, with performances varying across the agencies. As previously highlighted the Communications Division will see revenue decline as it continues to exit unprofitable clients.
Financial Position
The Group remains in a strong financial position, operating well within its GBP75m facility. Cash flow is strong and net debt at 18(th) May 2018 was lower than expected at circa GBP34m.
Outlook
The Group is focused on delivering superior growth led by its healthcare focused agencies and recent acquisitions continue to complement this. With a strong balance sheet, the Group remains interested in adding further selective complementary businesses within stringent ROIC and earnings enhancing criteria. The Board is confident of continued progress through the remainder of 2018.
Enquiries:
Citigate Dewe Rogerson 020 7638 9571 Angharad Couch Nick Reading Elizabeth Kittle
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
TSTPGUQGAUPRGRW
(END) Dow Jones Newswires
May 24, 2018 02:00 ET (06:00 GMT)
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