REG-MediaZest Plc: Trading Update

MediazestAnnouncement

27/09/2019 07:05

27 September 2019

MediaZest Plc
("MediaZest" or the "Company”; AIM: MDZ)

Trading update

Ahead of today’s AGM, the Board is pleased to provide the following update
on current trading.

As previously noted at length, the first half of the financial year has proved
difficult against a challenging macroeconomic backdrop in the UK, felt
particularly keenly in the retail sector. This has been mitigated somewhat by
cost savings implemented at the beginning of 2019 and ongoing contractual
revenues which continue to renew at a healthy rate.

However, the second half of the year is set to be much improved with two large
projects set for completion in November/December which should generate
significant profitability in the quarter ended 31 December 2019.

Further projects for Ted Baker, LuluLemon, Pets at Home, Tiffany & Co, Kuoni,
HMV and Hyundai have been completed or are in progress. New business enquiries
in recent weeks have markedly increased and several potentially significant
opportunities are being pitched in coming months.

At this stage it is too early to be able to forecast full year results but
pending successful upcoming pitches the Board expects to build upon last
year’s profit for the current financial year despite the economic
environment.

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.

 Enquiries:                                                                                                  
 Geoff Robertson Chief Executive Officer MediaZest Plc                                        0845 207 9378  
 David Hignell/Lindsay Mair/Jamie Spotswood Nominated Adviser SP Angel Corporate Finance LLP  020 3470 0470  
 Claire Noyce Broker Hybridan LLP                                                             020 3764 2341  
                                                                                                             

Notes to Editors:

About MediaZest

MediaZest is a creative audio-visual systems integrator that specialises in
providing innovative marketing solutions to leading retailers, brand owners
and corporations, but also works in the public sector in both the NHS and
Education markets. The Group supplies an integrated service from content
creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM market
in February 2005. For more information, please visit www.mediazest.com



Copyright (c) 2019 PR Newswire Association,LLC. All Rights Reserved