Business
Trading Statement
Trading Statement.
About this update from Fiinu Plc
[{"type":"text","content":"\n Immedia Broadcasting plc\n13 July 2005\n\n\n\n\n\n 13 July 2005\n\n\n\nIMMEDIA BROADCASTING PLC\n\n\n\nTrading update\n\n\n\nImmedia Broadcasting PLC ('Immedia'), the UK's leading provider of live tailored\nradio, announces today that whilst sales have continued to progress, results for\nthe year will be significantly behind market expectations.\n\n\n\nOver the last few months, advertising on Impulse Live has been slower than\nexpected. In addition, the Company has noticed a trend towards a much longer\ntime frame than anticipated between the initial discussions with possible\nclients and the actual signing of the contracts and the Company believes this\nsituation is unlikely to change. Immedia continues to talk to a number of\nprospective clients, and although there is no guarantee that these discussions\nwill result in contracts in the short term, it confirms that Immedia's offering\nis attracting strong interest.\n\n\n\nImmedia remains financially sound, with a strong balance sheet and the business\nis trading at an EBITDA positive position. Immedia continues to be well\npositioned in a growing and exciting market and Immedia's Live radio stations\nhave proved to be a powerful medium to engage both staff and customers.\n\n\n\nInterim results for the 26 weeks to 30 June 2005 are expected to be announced on\n1st August 2005.\n\n\n\n\nImmedia Broadcasting\nBruno Brookes - Chief Executive 01635 572 800\n\ngcg hudson sandler\nNick Lyon / Sandrine Gallien / Elisabeth Young 020 7796 4133\n\n\n\n\n\nNotes to editors:\n\n\n\nImmedia Broadcasting PLC creates live, tailored radio stations for major\nretailers. These stations engage and educate staff and customers and have\nproved to be a powerful and instantly flexible media channel to drive sales.\n\n\n\nExisting stations are:\n\n • 'Impulse Live', the largest in-store media channel currently reaching 20\n million shoppers a week across 5000 convenience stores for:\n\n- Texaco\n\n- Londis\n\n- Mills\n\n- Spar\n\n- Star News\n\n • 'LloydsPharmacy Live', broadcast to the largest community pharmacy\n operator in the UK;\n • 'HSBC Live', broadcast to 400 branches in the UK;\n • 'Dixons Live' broadcast to more than 200 Dixons' stores;\n • 'Vitus Apotek', broadcast in Norwegian to pharmacy retail stores in\n Norway.\n\n\n\n This information is provided by RNS\n The company news ...