Business
Final Results for the Year ended 30 September 2022
Final Results for the Year ended 30 September 2022.
About this update from Mediazest Plc
[{"type":"text","content":"\n \n FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2022\nMEDIAZEST PLC\n 1 March 2023\n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n MediaZest PLC\n \n(“MediaZest”, the “Company” or the “Group”; AIM: MDZ)\n Final Results for the Year ended 30 September 2022\n MediaZest, the creative audio-visual company, is pleased to provide shareholders with final results for the year ended 30 September 2022.\n Highlights:\n \n \n £000\n FY22\n FY21\n Change\n \n \n Revenue\n 2,820\n 2,246\n +26%\n \n \n Gross Profit\n 1,499\n 1,075\n +39%\n \n \n Gross Margin\n 53.2%\n 47.9%\n +5.3%\n \n \n EBITDA\n 220\n 78\n +184%\n \n \n Profit after tax\n 12\n (140)\n £152k\n \n \n Earnings/(Loss) per ordinary 0.1p share (pence per share)\n 0.0009\n (0.0101)\n 0.011\n \n \n \n Strong top line performance with a year-on-year revenue growth at +26%\n Gross margins up 39% to £1,499k, margin percentage strengthens to 53.2%\n EBITDA of £220k an increase of 184% year on year\n Recovering well post Covid-19 Pandemic\n Strengthening relations with long term clients, Pets at Home, Hyundai, Lululemon & HMV\n Multiple new business wins outside of the UK, with subsidiary established in the Netherlands post year end\n \n Chairman's Statement\nfor the Year Ended 30 September 2022\n Introduction\n The Board presents the consolidated audited results for the year ended 30 September 2022 for MediaZest plc (\"MDZ\" or the 'Company') and its wholly owned subsidiary company MediaZest International Ltd (\"MDZI\"), which together constitute the \"Group\".\n MDZ Group Results for the year and Key Performance Indicators (\"KPIs\")\n \n \n \n \n Revenue for the year grew 26% to £2,820,000 (2021: £2,246,000).\n \n \n \n \n \n \n Gross profit increased by 39% to £1,499,000 (2021: £1,075,000).\n \n \n \n \n \n \n Gross margins improved to 53% (2021: 48%).\n \n \n \n \n \n \n Administrative expenses excluding depreciation and amortisation were £1,279,000 (2021: £998,000). These expenses were particularly low in the prior year due to the impact of strong cost control in the wake of the Covid-19 Pandemic (the...