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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Metrodome Grp. | LSE:MRM | London | Ordinary Share | GB0002937141 | 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% | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMRM
RNS Number : 4622U
Metrodome Group PLC
22 December 2011
22 December 2011
Metrodome Group Plc
(the "Group")
Trading Update
The Metrodome Group PLC Board has today announced that its operating profit for the 12 months to 31 December 2011 is expected to be materially below current market expectations. Despite the Group's trading divisions Metrodome Distribution and Hollywood Classics trading in line with expectations, Target Entertainment ("Target"), the Group's TV distribution business, has experienced tougher than expected trading conditions in the final quarter of the year. As in previous years Target expected to generate most of its revenue in the last six weeks of the calendar year but has recently been unable to achieve forecast revenue for its TV product due to a marked slowdown in sales in European markets.
Mark Webster, Executive Chairman of Metrodome Group PLC, commented:
"Despite the difficult market conditions, we have been satisfied with the performance of Metrodome Distribution and Hollywood Classics which has integrated well into the Group since its acquisition in August. However, due to the fact that a majority of Target's revenues are derived from international markets we have seen its performance materially affected by the adverse macro-economic conditions in Europe. Many of our customers are either not buying product at all or delaying decisions on any new purchases which has led to a worse than expected financial performance."
For further information please visit www.metrodomegroup.com, or contact:
Metrodome Group plc Mark Webster / Deborah Brown Tel: 020 7535 7300 Charles Stanley Securities Dugald J. Carlean / Karri Vuori Tel: 020 7953 6000 Tavistock Communications John West / Simon Compton Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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