Business
Unaudited Half Year Results
Unaudited Half Year Results.
About this update from Fiinu Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5067A\n Immedia Group PLC\n 30 September 2020\n \n \n \n \n \n ISSUED ON BEHALF OF IMMEDIA GROUP PLC\n \n WEDNESDAY, 30 SEPTEMBER 2020\n \n \n IMMEDIATE RELEASE\n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n IM\n \n \n MEDIA GROUP PLC\n \n \n \n (\"Immedia\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n \"Audio visual and digital communications solutions for leading Brands\"\n \n \n \n \n \n \n \n \n 2020 UNAUDITED HALF - YEAR RESULTS \n \n \n \n \n \n Immedia (AIM: IME), announces its unaudited Half-Year results for the six months ended 30 June 2020. \n \n \n \n \n \n \n \n \n \"The difficulties caused by COVID-19 have overshadowed the good things that we created in Q1 2020 in terms of increased customer engagement. With our cost base firmly under control and elements of the business experiencing some recovery, we are confident that whilst revenue will be reduced the 2020 EBITDA outturn will represent an improvement on the very disappointing 2019 EBITDA results. Indeed the H1 EBITDA performance was considerably better the same period in 2019.\n \n \n As a result of the Placing last month where we raised £1.1m, the Company is now debt free, except for finance leases and a Government \"bounce back\" loan. We believe that we are well placed to move ahead with a new strategic direction following a thorough overhaul of processes and structure.\"\n \n \n Your business has undergone huge change in 2020 in terms of pace, people, and processes. We believe the results of an improved business model will be tangible both in the rest of 2020 and into 2021.\"\n Ross Penney\n CEO Immedia\n \n \n \n \n \n 2020 Half-Year key points \n \n \n \n · EBITDA performance of the business significantly better than the corresponding period in the prior year\n \n · IME delivered superlative work to Nationwide Building Society (COVID-19 staff channel for homeworkers), JD Sports Fashion plc (social distance me...