MediaZest Plc Trading Update

 
TIDMMDZ 
 
21 December 2021 
 
                                 MediaZest Plc 
             ("MediaZest", the "Company" or the "Group"; AIM: MDZ) 
 
                                 Trading Update 
 
 
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to 
provide an update on current trading and performance during the second half of 
the financial year ended 30 September 2021. 
 
As expected and previously noted, the second half of the year showed notable 
improvement in the Company's financial performance as demand for new projects 
increased in conjunction with the lifting of Covid related restrictions which 
had been in place during the Group's financial H1, being the six months ended 
31 March 2021. As a consequence, cash in hand at the period end also showed 
improvement upon the prior year and the half year interim results. 
 
The Group's year end audit is now underway and this will continue throughout 
January 2022. The Group expects to announce its annual financial results 
shortly thereafter. 
 
Current Trading 
 
The Group's operating subsidiary, MediaZest International Limited ("MediaZest 
International"), continues to experience strong demand across key sectors 
including Retail, Automotive and Corporate Office spaces in the new financial 
year ending 30 September 2022. 
 
The long-term strategic focus on large scale roll out opportunities that have 
the potential to run for several years, and on recurring revenue streams across 
multi-year deals continues to deliver improving results. The Directors believe 
the Group is well set heading into 2022, although the Board remains mindful of 
the risk of potential future disruption in light of the continually evolving 
Covid pandemic. 
 
Key project highlights in recent months include a new Innovation Centre for 
leading supply chain and logistics provider Wincanton, the new Rockar Jaguar 
Land Rover dealership in London's Canary Wharf coupled with several new stores 
for each of long-term clients Pets at Home, HMV, Post Office and Lululemon. 
 
Future Strategy 
 
The Board believes the anticipated improvement in financial results and the 
foundations in place with several existing long-term clients provide the Group 
with a platform from which to grow both organically and by acquisition in 2022. 
 
As such the Board has recently engaged with several potential acquisition 
targets, in the same market as MediaZest International, with a view to possible 
business combinations. Whilst these discussions have been positive to date, 
there can be no guarantees that they will lead to a value accretive transaction 
or transactions for MediaZest. 
 
In the interim, focus continues to be placed on adding more long-term clients 
with recurring revenue opportunities to further the successful work of recent 
years and build a bigger platform for that growth. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law 
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed 
in accordance with the Company's obligations under Article 17 of MAR. 
 
 
Enquiries: 
 
Geoff Robertson                                      0845 207 9378 
Chief Executive Officer 
MediaZest Plc 
 
David Hignell/Adam Cowl                              020 3470 0470 
Nominated Adviser 
SP Angel Corporate Finance LLP 
 
Claire Noyce                                         020 3764 2341 
Broker 
Hybridan LLP 
 
 
Notes to Editors: 
 
About MediaZest 
 
MediaZest is a creative audio-visual systems integrator that specialises in 
providing innovative marketing solutions to leading retailers, brand owners and 
corporations, but also works in the public sector in both the NHS and Education 
markets. The Group supplies an integrated service from content creation and 
system design to installation, technical support, and maintenance. MediaZest 
was admitted to the London Stock Exchange's AIM market in February 2005. For 
more information, please visit www.mediazest.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 21, 2021 02:00 ET (07:00 GMT)