Ocean Outdoor Limited Full Year 2019 and Q1 2020 results call (5387N)

TIDMOOUT

RNS Number : 5387N

Ocean Outdoor Limited

21 May 2020

21 May 2020

Ocean Outdoor Limited

("Ocean" or the "Company" or the "Group")

Full Year 2019 and Q1 2020 results call

Ocean Outdoor Limited (LSE: OOUT) , a leading operator of premium Digital Out-of-Home ("DOOH") advertising in the United Kingdom, the Netherlands, the Nordics and Germany, confirms that it will host a conference call for investors and analysts on 01 June 2020 at 13:00 BST / 08:00 ET, presenting its Full Year 2019 results and an update on Q1 2020.

Dial-in details:

UK Toll Free: 0808 109 0700

USA Toll Free: 1 866 966 5335

Standard International Access: [phone]

Password: Ocean Outdoor

A copy of the results presentation will be made available within the investor relations section of the Company website once the results are announced. https://investors.oceanoutdoor.com/investors/ .

For further information please contact:

 
 Ocean Outdoor                            020 7292 6161 
 Tim Bleakley, CEO 
  Susann Jerry, Head of Communications 
 
 Yellow Jersey PR                         07747 788 221 
 Charles Goodwin, Georgia Colkin, 
  Joe Burgess 
  [e-mail] 
 

About Ocean Outdoor

Ocean Outdoor operates some of the most prestigious digital out-of-home (DOOH) locations in the UK, Northern and Continental Europe.

The Ocean portfolio features the UK's most iconic DOOH locations including the BFI IMAX; the Landsec Piccadilly Lights and a significant presence in the top 12 UK cities. Ocean's portfolio of high-profile landlords and partners includes Birmingham, Manchester, Glasgow and Southampton City Councils, Landsec, Unibail-Rodamco-Westfield, the BFI and intu.

In the UK, a continued focus on Ocean's Digital Cities for Digital Citizens philosophy has significantly augmented the Group's position as an operator of high quality DOOH assets. Ocean continues to deliver good organic development through new City tender wins, the rollout of new locations in Scotland, London, the West Midlands and Manchester and significant screen investment.

Strategic acquisitions that complement the existing DOOH portfolio remain a strategic pillar of the growth programme. This continued with three Dutch acquisitions in spring 2019, giving the company a significant share of the Netherlands market where it has become a major DOOH player. These subsidiaries have since been rebranded as Ocean Netherlands.

In September 2019, Ocean acquired the assets of Visual Art, a Sweden based independent, pure-play DOOH media and tech group which operates in three Nordic countries (Sweden, Norway, Denmark) and key cities in Germany. This transaction expands Ocean's portfolio across 23 Unibail-Rodamco-Westfield shopping malls in Europe, in addition to holding the exclusive external rights to two of the largest premium urban shopping malls in Europe: Westfield London and Westfield Stratford in the UK.

In February 2020, Ocean closed the acquisition of AdCityMedia, a Sweden-based premium out-of-home and digital screen tech operator focused on large format digital and high-end city centre locations across Sweden, Norway, Denmark and Finland. The combined entities of Visual Art and AdCityMedia, referred to as Ocean Nordics, will create the leading DOOH operator in the region.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 21, 2020 02:00 ET (06:00 GMT)