Imagelinx PLC Trading Statement (3768H)

TIDMILI

RNS Number : 3768H

Imagelinx PLC

11 July 2012

IMAGELINX PLC (the "Group")

Trading Statement

The Group's revenue in May and June 2012 has seen a sudden and marked deterioration and was below the levels seen in the first four months of the year, which were ahead of budget. This sudden decline in spending across almost all of our clients appears directly or indirectly related to the current economic uncertainty in Europe.

Earlier cost realignment work has gone a long way to mitigating the impact of these low trading levels and the Group has been able to reduce its costs further. While we expect to see a recovery in turnover this is unlikely to be before the end of the third quarter of 2012. Despite current trading, the Group's cash position is expected to remain in line with this year's opening position.

With continued productivity improvements, lower costs and the Group's operational gearing, a modest recovery in turnover should return the Group to profitability.

Enquiries:

 
Imagelinx                                 Tel: +44 7771 
 Richard Clothier, Chairman                644 962 
 Alistair Rae, Chief Executive             Tel: +44 7736 
                                           883934 
finnCap                                   Tel: [phone] 
 Edward Frisby / Rose Herbert (corporate   0500 
 finance) 
 Victoria Bates (corporate broking) 
Cadogan PR                                Tel: [phone] 
 Alex Walters                              9260 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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