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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Immediate Acquisition Plc | LSE:IME | London | Ordinary Share | GB0033881904 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.75 | 17.50 | 18.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMIME
RNS Number : 9350Z
Immedia Group PLC
24 September 2020
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
Thursday, 24 September 2020
Immedia Group Plc
("Immedia" or "the Group" or "the Company")
multi-media content and digital solutions provider to global businesses
2019 Preliminary Results
Immedia Group Plc (AIM: IME) today announces its preliminary results for the year ended 31 December 2019.
Immedia Group Plc
Preliminary results for the year ended 31 December 2019
"2019 was a disappointment after the improved performance in the prior year in terms of revenue and profitability. Our unique mix of brand engagement and creative skills underpins our ability to secure new business. 2020 business activity has been affected by the COVID-19 outbreak, but we are also witnessing a pipeline of new opportunities with several key potential clients across our target verticals which we hope will take effect when restrictions ease again."
Tim Hipperson, Chairman
Hot Features
Premium
FINANCIAL HIGHLIGHTS
Ø A reduced performance after an improved 2018
Ø 14% decrease in revenue to GBP4,020,443
Ø EBITDA loss of GBP699,583 (2018: profit GBP262,588)
Ø Trading EBITDA loss (excluding a one-off bad debt provision
and one-off transaction costs) of GBP(317,434)
Ø One-off transaction costs of GBP279,360
Ø Loss before tax of GBP991,461 (2018: profit GBP106,204)
Ø Cash balances decreased to GBP237,574 (2018: GBP369,698)
Ø The Group has lease liabilities totaling GBP184,393
(2018: GBP77,044). The increase being due to the adoption of
IFRS 16.
OPERATIONAL HGHLIGHTS
Ø Extension of business with Nationwide Building Society,
IKEA and Subway
Ø New business with Headmasters, Fugro, Deep Green, Weir
Oil and Gas, Stork and JFD Global
Ø Review and rationalisation of business processes and
overhead costs
"2019 was a year of challenge as the business sought to match and beat its 2018 performance in extraordinarily volatile political and economic conditions. That we ultimately failed to do so is no reflection on the hard work and commitment shown by the entire team. We developed new business with high end hair salon chain Headmasters as well as energy businesses JFD Global, Deep Green, Weir, Fugro, Stork and Shell. Tourism and sport clients were represented by FIFA and Visit Aberdeenshire amongst many others. In 2020 we restructured the business and management team to deliver even greater cohesion and focus. We are confident that the results of the many changes made in the business will bear fruit in the short to medium term."
Ross Penney, Chief Executive of Immedia
2019 Financial Summary
12 months ended 12 months
31 December ended
2019 31 December
2018
---------------- -------------
Revenue GBP4,020,443 GBP4,686,934
(Loss)/profit before interest,
taxation, depreciation, amortisation GBP(699,583) GBP262,588
and impairment charges (EBITDA)
(Loss)/profit before tax GBP(991,461) GBP106,204
Net fair value gain/(loss) on available GBP54,900 GBP(112,800)
for sale assets
Total comprehensive (loss)/profit GBP(1,017,560) GBP42,949
for the year
Basic (loss)/earnings per share (7.81)p 1.13p
Diluted (loss)/earnings per share (7.81)p 1.08p
Basic pre-tax (loss)/earnings per
share (7.22)p 0.77p
Year-end balance of cash and cash GBP237,574 GBP369,698
equivalents
Net (debt)/funds GBP(245,069) GBP292,654
----------------------------------------- ---------------- -------------
Statement by the Chairman, Tim Hipperson
Whilst full of ambition and endeavour, 2019 was ultimately a disappointing year which saw the Group struggle to maintain its 2018 performance in an uncertain political and economic climate due to the uncertainty around Brexit and a December general election.
In 2018 Immedia delivered improved results based on the extension of relationships with key customers including JD Sports Fashion plc and in particular Nationwide Building Society, for whom we undertook an extensive installation programme into all UK Nationwide branches.
This one-off boost to revenues and profits proved to be something of a double edged sword. Whilst undoubtedly welcome, the challenge was to find substitutional revenues and margins in the 2019 financial year. For a number of reasons this proved impossible.
In July 2019 we recognised that revenue would fall short of market expectations and, in our Interim results released on 30 September 2019, referred to "an anticipated difficult H2 in prospect". This turned out to be the case, as the pattern of clients delaying investment and spending decisions brought about by the uncertainty over Brexit continued.
In the announcement of 20 August 2020 relating to the Placing and Subscription to raise GBP1.1m, we noted that we had signed non-binding Heads of Agreement in H2 2019 for a potential acquisition. This would have been a strategically transformative event; however in spite of the huge amount of work done on the transaction events largely outside our control meant we were unable to complete the transaction earlier this year.
Whilst we remain dissatisfied with the 2019 outturn, there is no doubting the talent and commitment of all the team members at Immedia. I would like to thank every one of them.
I would particularly like to pay tribute to Bruno Brookes, who stepped down as Chief Executive in May this year. Bruno founded the business more than 20 years ago. Without Bruno I would not be writing this statement; I thank him profoundly for all he has done for the Group and wish him every success in the new opportunities he will explore.
Current Trading, Prospects and post Balance Sheet events
Like the majority of UK businesses, Immedia has been substantially affected by the Covid-19 pandemic, as we explained in our trading updates of 6 April and 18 June 2020. We have taken all necessary steps to manage costs and ensure the stability of your business.
Current trading has been considerably affected by the Covid-19 outbreak. It remains very difficult to give authoritative guidance on the 2020 outturn other than to say it is certain that revenues will be substantially below those achieved in 2019.
Under our new CEO Ross Penney we are following a coherent and focused strategy that we are confident will bring rewards for all stakeholders in the future.
The Group has undertaken a full review in 2020 to refine Group strategy through a single unified brand - AVC Immedia - with a simple strapline - "Audio Visual Communication for Brands". The Group is working on systematic cross-and upselling to its broad portfolio of blue chip clients, in tandem with a buy and build strategy to bring strategically focused companies into the Group in the fields of content production, app development and data analytics.
Our objective remains to deliver sustained growth and value to all our stakeholders over the coming years.
Review by the Chief Executive, Ross Penney
THE BUSINESS
2019 was a year of challenge as the business sought to match and beat its 2018 performance in extraordinarily volatile political and economic conditions.
That we ultimately failed to do so is no reflection on the work and commitment shown by the entire team. We developed new business with high end hair salon chain Headmasters as well as energy businesses JFD Global, Deep Green, Weir, Fugro, Stork and Shell. Tourism and sport clients were represented by FIFA and Visit Aberdeenshire amongst many others.
We are delighted that relationships with key clients Nationwide Building Society, Subway and IKEA have gone from strength to strength. We believe we are a key part of the marketing and communication mix for each of these brands.
We extended our relationship with O2 by a further 18 months and expanded our reach in the JD Sports Fashion plc retail network into additional European territories.
Our business delivered a huge range of audio and visual content to tens of thousands of employees and customers of our hundreds of clients. We maintained a 99% + uptime on all our streaming services we are rightfully proud of our team of high achieving creatives.
Since the year end we restructured the business and management team to deliver even greater cohesion and focus. We are confident that the results of the many changes made in the business will bear fruit in the short to medium term.
RESULTS
The business saw a drop in performance in 2019 following the encouraging year in 2018, returning to making a loss before tax of GBP991,461 on revenues of GBP4,020,443. The total comprehensive loss was GBP1,017,560, reflecting an increase in the carrying value of GBP54,900 in our strategic investment in the AIM quoted spoken word audio platform Audioboom Group PLC (AIM:BOOM).
In our trading update of 22 July 2019 we anticipated a 2019 EBITDA trading loss in the region of (GBP0.3m). The actual EBITDA trading loss was (GBP0.32m). However there were additional exceptional costs affecting EBITDA comprised of aborted transaction costs of GBP0.28m as well as a total bad debt provision of GBP0.11m, resulting in a total EBITDA loss of (GBP0.7m).
CURRENT TRADING AND PROSPECTS
The Group has made huge progress in restructuring itself under a common brand - AVC Immedia and strapline - Audio Visual Communication for Brands.
This phrase encapsulates all Group services from live radio to technical 3D animation for the energy industry - in all channels of audio and visual content we deliver brand funded content with matchless passion, pride and skill. We set our sights high in recruitment, and are delighted that one of the UK's leading animators, Rob Hancock, joined us in 2020.
We expect the EBITDA for 2020, whilst loss making, to be substantially improved on the 2019 figure both as a result of the numerous measures taken to manage costs in the light of Covid-19 and the absence of one-off costs relating to the aborted transaction and bad debt provision.
POST BALANCE SHEET EVENT
On 20 August 2020 the Company announced a Placing and Subscription to raise GBP1.1m (before expenses) to repay short term debt and pay abortive transaction costs, with the majority of the funds being used for the Company's general working capital. As a result, the Company is now debt free, except for finance leases. This exercise was completed successfully on 15 September 2020.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CASHFLOWS
Management of costs and cash remains a key focus. However, due to reduced revenue and margin performance the result has been a decrease in cash to GBP237,574 (2018: GBP369,698).
The adoption of IFRS16 has added assets to the value of GBP191,647 (of which GBP184,599 related to property leases) to the balance sheet as at 1 January 2019, with corresponding finance lease liabilities. At 31 December 2019, the NBV of right-of-use assets was GBP175,428 (property leases: GBP117,472), with a corresponding lease liability of GBP184,393 (property leases: GBP121,994). The Group repaid leases totalling GBP92,517 during the year.
Although the Group shows a net shareholders deficit of GBP799,169 at the end of 2019, a new Share issue was announced in August 2020, and finalised in September 2020, which raised GBP1.1m to offset this.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
for the year ended 31 December 2019
2019 2018
GBP GBP
Continuing operations
Revenue 4,020,443 4,686,934
Cost of sales (1,976,945) (2,166,366)
----------- -----------
Gross profit 2,043,498 2,520,568
Administrative expenses (2,985,049) (2,409,875)
----------- -----------
Operating (loss)/profit (941,551) 110,693
Finance income - 159
Finance cost (49,910) (4,648)
----------- -----------
(Loss)/profit before income tax (991,461) 106,204
Income tax (80,999) 49,545
----------- -----------
(Loss)/profit for the year (1,072,460) 155,749
----------- -----------
(Loss)/earnings per share
Basic (pence) (7.81) 1.13
Diluted (pence) (7.81) 1.08
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME
for the year ended 31 December 2019
2019 2018
GBP GBP
(Loss)/profit for the year (1,072,460) 155,749
Other comprehensive income/(loss)
Items that will not be reclassified to profit
or loss:
Fair value gain/(loss) on equity investments
not held for trading
designated as fair value through OCI 54,900 (112,800)
----------- -----------
Total comprehensive (loss)/income for the
year (1,017,560) 42,949
----------- -----------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 31 December 2019
2019 2018
GBP GBP
Assets
Non-current assets
Goodwill 191,018 191,018
Owned
Intangible assets 62,081 116,487
Property, plant and equipment 92,754 225,475
Right-of-use
Property, plant and equipment 175,428 -
Investments 114,900 60,000
Deferred tax - 84,395
636,181 677,375
------------ ------------
Current assets
Inventories 201,462 153,915
Trade and other receivables 1,049,459 770,279
Cash and cash equivalents 237,574 369,698
1,488,495 1,293,892
------------ ------------
Total assets 2,124,676 1,971,267
============ ============
Equity
Shareholders' Equity
Called up share capital 1,455,684 1,455,684
Share premium 3,586,541 3,586,541
Merger reserve 2,245,333 2,245,333
Share based payment reserve 4,578 4,578
Investment valuation reserve 24,900 (30,000)
Retained losses (8,116,205) (7,043,745)
Total equity (799,169) 218,391
------------ ------------
Liabilities
Non-current liabilities
Financial liabilities 83,969 49,580
Provisions 42,500 42,500
126,469 92,080
------------ ------------
Current Liabilities
Trade and other payables 2,253,590 1,511,586
Contract liabilities 145,112 121,746
Financial liabilities 398,674 27,464
2,797,376 1,660,796
------------ ------------
Total liabilities 2,923,845 1,752,876
------------ ------------
Total equity and liabilities 2,124,676 1,971,267
------------ ------------
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Share Share Merger Share based Investment Retained Total equity
capital premium reserve payment valuation losses
account reserve reserve
GBP GBP GBP GBP GBP
GBP GBP
Balance at 1
January 2018 1,455,684 3,586,541 2,245,333 4,578 82,800 (7,199,494) 175,442
------------- ------------ ------------- ------------ ------------ -------------- -------------
Profit for the
year - - - - - 155,749 155,749
Other
comprehensive
loss - - - - (112,800) - (112,800)
------------- ------------ ------------- ------------ ------------ -------------- -------------
Total
comprehensive
income - - - - (112,800) 155,749 42,949
------------- ------------ ------------- ------------ ------------ -------------- -------------
Balance at 31
December 2018 1,455,684 3,586,541 2,245,333 4,578 (30,000) (7,043,745) 218,391
============= ============ ============= ============ ============ ============== =============
Share Share Merger Share based Investment Retained Total equity
capital premium reserve payment valuation losses
account reserve reserve
GBP GBP GBP GBP GBP
GBP GBP
Balance at 1
January 2019 1,455,684 3,586,541 2,245,333 4,578 (30,000) (7,043,745) 218,391
------------- ------------ ------------- ------------ ------------ -------------- -------------
Loss for the
year - - - - - (1,072,460) (1,072,460)
Other
comprehensive
income - - - - 54,900 - 54,900
------------- ------------ ------------- ------------ ------------ -------------- -------------
Total
comprehensive
loss - - - - 54,900 (1,072,460) (1,017,560)
Balance at 31
December 2019 1,455,684 3,586,541 2,245,333 4,578 24,900 (8,116,205) (799,169)
============= ============ ============= ============ ============ ============== =============
CONSOLIDATED STATEMENT OF CASH FLOWS
for the year ended 31 December 2019
2019 2018
GBP GBP
Cash flows from operating activities
(Loss)/profit before income tax (991,461) 106,204
Adjustments for:
Depreciation and amortisation
charges 241,968 151,895
Loss on disposal of fixed assets 493 5,054
Finance income - (159)
Finance costs 49,910 4,648
Increase in inventories (47,547) (84,111)
Increase in trade and other receivables (280,930) (143,236)
Increase in trade and other payables 765,370 333,153
Cash generated from operations (262,197) 373,448
--------- ---------
Taxation
Taxation 3,396 -
--------- ---------
Cash flows from investing activities
Purchase of tangible fixed assets (30,896) (40,106)
Interest received - 159
Net cash from investing activities (30,896) (39,947)
--------- ---------
Cash flows from financing activities
New loans in year 300,000 -
Payment of lease liabilities (92,517) (12,898)
Interest paid (49,910) (4,648)
Net cash from financing activities 157,573 (17,546)
--------- ---------
(Decrease) / increase in cash
and cash equivalents (132,124) 315,955
Cash and cash equivalents at
beginning of year 369,698 53,743
Cash and cash equivalents at
end of year 237,574 369,698
========= =========
Immedia Group Plc
NOTES TO THE FINANCIAL INFORMATION
The financial information set out in this preliminary announcement does not constitute statutory accounts as defined in section 435 of the Companies Act 2006.
The financial information for the year ended 31 December 2018 is derived from the statutory accounts for that year which have been delivered to the Registrar of Companies. The auditors reported on those accounts; their report was unqualified and did not contain a statement under either Section 498 (2) or Section 498 (3) of the Companies Act 2006 and did not include references to any matters to which the auditor drew attention by way of emphasis.
The statutory accounts for the year ended 31 December 2019 have not yet been delivered to the Registrar of Companies, nor have the auditors yet reported on them.
The 2019 accounts will be delivered to the Registrar of Companies following the Company's Annual General Meeting. The Annual Report and Notice of Annual General Meeting will be posted to the shareholders by 30 September 2020 and will be made available on the Company's website ( www.immediaplc.com ) at that time.
This preliminary announcement was approved by the Board on 23 September 2020.
1. Principal activity
The Group is involved in marketing and communication services through the provision of interactive digital channels products and services using music, radio and screen-based media to provide brand conversation, engaging entertainment and innovative technical solutions. It also supplies, installs and maintains the equipment required to deliver these services.
2. Basis of preparation
The financial information has been prepared and approved by the Directors in accordance with the recognition and measurement principles of International Financial Reporting Standards (IFRSs) as adopted by the EU ("Adopted IFRSs").
Going concern
The Group meets its day to day working capital requirements through the combined use of its cash balances and receivable and payable balances.
Although COVID-19 and Brexit have caused uncertainty and had a substantial effect on the operations of many businesses, the Group has just completed a successful fundraising of GBP1.1m, as detailed in note 6 (Events after the reporting period). These funds will be used to repay some short-term borrowing (the outstanding loan of GBP300,000), clear the costs of the aborted acquisition from earlier in 2020 and fund working capital requirements for the foreseeable future.
The Directors have reviewed forecasts of future cash flows of the Group. On the basis of current financial projections prepared to December 2021, which assume continuing improvements in the managing of costs and a reasonable level of new work won within the AV division, the Directors are satisfied that the Group has adequate resources to continue to pay its liabilities as they fall due, and to continue in operation for at least 12 months from the date of signing of the financial statements.
The financial statements were approved by the Board of Directors on 23September 2020.
3. Financial assets
In March 2014, the Group invested GBP90,000 in the purchase of 6,000,000 shares in AudioBoom Group Plc, an AIM-listed spoken-word audio platform for hosting distributing and monetising content, as part of the Group's strategy to broaden its digital marketing and communications services.
The Group has taken the irrevocable election to classify this investment as fair value through OCI. At 31 December 2019 the fair value of the investment was GBP114,900 (31 December 2018: GBP60,000) with a net fair value gain in 2019 of GBP54,900 recognised in other comprehensive income (2018: loss GBP112,800).
As at the date of approval of this report, the investment represents c.0.4% of Audioboom Group Plc's ordinary shares in issue and has a fair value of GBP92,700.
4 . Earnings per share
2019 Number 2018 Number
Basic
Weighted average number of shares in issue 14,556,844 14,556,844
Less weighted average number of own shares (832,374) (832,374)
------------- -------------
Weighted average number of shares in issue
for basic earnings per share 13,724,470 13,724,470
------------- -------------
Basic (loss)/earnings per share (7.81)p 1.13p
2019 Number 2018 Number
Diluted
Weighted average number of shares in issue 13,724,470 13,724,470
Add shares which dilute - 666,847
------------- -------------
Weighted average number of shares in issue
for diluted earnings per share 13,724,470 14,391,317
------------- -------------
Diluted (loss)/earnings per share (7.81)p 1.08p
------------- -------------
The basic and diluted (loss)/earnings per share are calculated
using the after-tax loss attributable to equity shareholders for
the financial period of GBP (1,072,460) (2018: profit GBP155,749).
Pre-tax (loss)/earnings per share 2019 2018
Basic pre-tax (loss)/earnings per share (7.22)p 0.77p
------------- -------------
Diluted pre-tax (loss)/earnings per share (7.22)p 0.74p
------------- -------------
The basic and diluted pre-tax (loss)/earnings per share are calculated
using the before tax (loss)/earnings attributable to equity shareholders
for the financial period of GBP (991,461) (2018: GBP106,204).
5 . Adoption of IFRS 16
IFRS 16 (Leases) was adopted as of 1 January 2019 without restatement of comparative figures.
A right of use asset and a lease liability has been recognised for all leases except leases of low value assets, which are considered to be those with a fair value below GBP4,500, and those with duration of 12 months or less. The right-of-use asset has been measured at cost, which is made up of the initial measurement of the lease liability, any initial direct costs incurred by the group, an estimate of any costs to dismantle and remove the asset at the end of the lease, and any lease payments made in advance of the lease commencement date.
The nature and accounting of Group's leasing activities
The Group has lease contracts for property, vehicles and other assets which have lease terms varying between 2 and 3 years. The Group also has certain leases with lease terms of 12 months or less and leases of office equipment with low value.
Contracts may contain both lease and non- lease components. The Group allocates consideration between lease and non-lease components based on the price a lessor, or similar supplier, would charge to purchase that component separately. The lease term begins at the commencement date and includes any rent-free periods provided by the lessor. Lease terms vary between contracts and depend on the individual facts and circumstances of the contract.
Lease liabilities are measured at the present value of the remaining lease payments, discounted using the Group's incremental borrowing rate as at 1 January 2019. The Group's incremental borrowing rate is the rate at which a similar borrowing could be obtained from an independent creditor under comparable terms and conditions. The weighted average rate applied was 11.4%.
Below is a reconciliation of the values shown for 2018 and the current figures:
Land & Buildings Other
GBP GBP
Operating lease commitments disclosed
as 31 December 2018 209,000 42,708
Less: low value & short term lease recognised
as an expense - (34,998)
Discounted using incremental borrowing
rate at 1 January 2019 (24,402) (662)
----------------- ---------
Lease liability and right of use asset
recognised at 1 January 2019 184,598 7,048
----------------- ---------
6. Events after the reporting period
Following the year ended 31 Dec 2019, the following non-adjusting events have occurred:
COVID-19
The spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Global stock markets have also experienced great volatility and significant weakening. Governments and central banks have responded with monetary and fiscal interventions to stabilise economic conditions.
The Company has been affected by the limited operations during the main lockdown period (late March 20 to July 20) of many of the businesses that it provides services for, although many of the staff continued to work from home where possible. The easing of the lockdown in July 2020 meant that many of these businesses re-opened. However, the subsequent additional lockdown in Aberdeen in August 2020 caused additional disruption to business activities based in that city. That lockdown ended in late August 2020.
The Company has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and results of operations as of and for the year ended 31 December 2019 have not been adjusted to reflect their impact. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the Company for future periods.
Additional share issue
As a result of the effect of COVID-19 on the Company, on 20 August 2020, the Company announced the Placing of 8,000,000 new Ordinary Shares at GBP0.10 a share, and a Subscription for 3,000,000 new Ordinary Shares at GBP0.10 a share. This issue raised gross proceeds of GBP1.1 million.
The Company is raising funds to enable the Board to repay some short-term loan finance and pay abortive transaction costs. The majority of the money will be utilised to fund the Company's general working capital requirements.
The stock market announcement can be found at https://www.londonstockexchange.com/news-article/IME/placing-and-subscription-to-raise-ps1-1-million/14659794.
For further information please contact: Immedia Group Plc Tel: +44 (0) 1635 556200 Tim Hipperson, Non-executive Chairman Ross Penney , C hief Executive SPARK Advisory Partners Limited Tel: +44 (0) 203 368 3550 (Nomad) Mark Brady Neil Baldwin SP Angel Corporate Finance LLP (Stockbroker) Tel: +44 (0) 207 470 0470 Abigail Wayne TooleyStreet Communications (IR Tel: +44 (0) 7785 703523 & Media Relations) Fiona Tooley
About Immedia Group Plc
Immedia Group Plc is a multi-media content and digital solutions provider to global businesses and organisations, who are investing in internal and/or brand communications.
Our business provides a wide range of 'live' branded channels specifically to retail locations across the UK and Europe with an estimated listening audience of 8.5 million listeners per week. Immedia's interactive audio channels deliver original and relevant content, via its own DreamStream-X platform with encrypted Dreamstream technology deployed in each location. Dreamstream-X provides a mix of 'on brand' national and localised content to a client's workforce and customer base. Each channel is supported with powerful data analytics tools which monitor audience activity and provide data to enable us to further enhance audience engagement.
Immedia Group also creates original video content, 3D animation, app and web development, as well as supplying and installing Audio Visual equipment.
Immedia clients include, HSBC, Shell, Subway, BP, Nationwide Building Society, JD Sports, O2, BMW, IKEA and FIFA.
To read more about our business, visit www.immediaplc.com or email us on enquiries@immediaplc.com
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