Business
Trading Update and Investor Presentation
Trading Update and Investor Presentation.
About this update from Aeorema Communications Plc
[{"type":"text","content":"\n\nAeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media\n29 July 2024\nAeorema Communications plc\n(\"Aeorema\", the \"Company\" or the \"Group\")\n \nTrading Update and Investor Presentation\n \nRevenue & profit in line with expectations\n \nAeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce an update on trading for the year ended 30 June 2024 (\"FY2024\") following a strong second half of the year.\n \nHighlights\n● FY2024 revenue and profit in line with expectations:\no Revenue expected to be no less than £20 million* (2023 audited: £20.2 million).\no Profit before tax expected to be no less than £400,000* (2023 audited: £1 million).\n● Cash balance at year end of £3.1 million (2023: £2.4 million).\n● Maintaining dividend policy, subject to audit.\n● Programme to significantly reduce and rebalance costs progressing well and continuing through FY2025.\n● Early indications that FY2025 will see profitability improve.\n \n* Subject to audit\n \nThe Company continues to grow its exceptional reputation and has again been recognised by industry peers in North America and the UK as a leading agency, demonstrated by several international award wins during the year. Prior to the year-end, Aeorema had its biggest presence to date at the Cannes Lions International Festival of Creativity 2024. This included partnering with Stagwell (NASDAQ: STGW) and TEAM for the second year running to create 'Sport Beach', one of the largest brand activations at the event.\n \nAeorema expects to report, subject to audit, revenues of no less than £20 million for FY2024 (FY2023: £20.2 million), profit before tax subject to audit of no less than £400,000 (FY2023: £1 million) and a cash balance at year end of £3.1 million (FY2023: £2.4 million).\n \nThe Group is confident that the next financial year will be another successful year for revenues with early indications suggesting profits will improve. This is supported by an ongoing programme to significantly reduce and rebalance costs, which is progressing well.\n \nSteve Quah, CEO, and Jamie Blackwell, Group Financial Controller, will be providing a live investor update on 1 August 2024 at 10...