MediaZest Plc Trading Update

 
TIDMMDZ 
 
19 July 2023 
 
MediaZest Plc 
 
("MediaZest", or the "Group"; AIM: MDZ) 
 
Trading Update 
 
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to provide 
the following trading update. 
 
Progress in the second half of the financial year ending 30 September 2023 has 
been promising, with significant new business wins with both new and existing 
clients. As with the first half of the financial year, recurring revenue streams 
and margins remain robust. 
 
Trading in the Group's European located subsidiary in the Netherlands, which was 
established in late 2022 to facilitate project delivery in European Union 
countries, has started strongly. The Group has recently achieved new business 
wins in multiple EU countries which will generate revenue in excess of ?500,000. 
 
In the UK, the volume of client work has also continued to grow with new 
projects for several existing clients including Pets at Home, Hyundai, HMV and 
Lululemon all being delivered in the second half of the current financial year. 
 
The Board remains confident that the outlook for the second half of the 
financial year is encouraging and expects to report improved financial results 
relating to the period in due course. 
 
Geoff Robertson, MediaZest's CEO, commented: "As expected, the establishment of 
our subsidiary in the Netherlands has already begun to pay off, with additional 
revenues generated and multiple new client projects under negotiation. The 
volume of UK business also remains encouraging with existing clients and new 
customers engaging with us to deploy projects, all of which bodes well for the 
longer term growth prospects of the Group." 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms partof 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 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

July 19, 2023 02:00 ET (06:00 GMT)