SpaceandPeople PLC Trading Update

RNS Number : 5705W

SpaceandPeople PLC

11 February 2025

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

 

Trading Update

 

SpaceandPeople (AIM:SAL) the retail, promotional and brand experience specialist, is pleased to announce a positive pre-close trading update for the year ended 31 December 2024 ("FY24").

The Board is pleased to report that the strong sales performance achieved across the business in the first half of FY24 continued during the second half, with total unaudited revenue for FY24 being above market expectations, at approximately £6.8 million (2023: £5.8 million). All departments performed well, with UK Brand Experience and Rock Up and Pop Up (our unique end-to-end pop-up retail solution) showing particularly strong growth.

During FY24, the Group prioritised investing in additional staff, both in relation to securing the renewed Network Rail contract and to deliver further anticipated growth across the business in 2025 and beyond. This increase in staff numbers along with commission and bonuses payable in relation to achieving key revenue targets means that profitability remains in line with market expectations.

As at 31 December 2024, the Group had gross cash of £1.9 million (2023: £1.9 million) with £0.8 million of term loans (2023: £1.1 million), which is slightly better than market expectations.

The Group expects to announce its FY24 results during the week commencing 14 April 2025.

 

Contact details:

SpaceandPeople Plc	0845 241 8215
Nancy Cullen, Gregor Dunlay
Zeus (Nominated Adviser and Broker)	0203 829 5000
David Foreman, Ed Beddows

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

TSTSFSFISEISEEE