Interim Management Statement
03 2월 2010 - 4:00PM
UK Regulatory
TIDMCRE
RNS Number : 5655G
Creston PLC
03 February 2010
Press Release
3 February 2010
Creston plc (LSE: CRE), the Insight and Communications Group, announces its
interim management statement for the period 1 October 2009 to 2 February 2010.
Trading
Like for like revenue for the third quarter is in line with the previous year's
third quarter and is an improvement on the second quarter. This improvement has
reduced the year to date revenue decline from the 6 per cent reported at the
interims to just under 4 per cent for the nine months ending 31 December 2009.
The Group has continued to carefully manage its cost base and consequently
maintained its Headline operating profit margin at a similar level to the 17 per
cent reported in the interims. The operating cash flow remains healthy and we
continue to reduce our debt.
Outlook
The new calendar year has begun well with new business wins from both new and
existing clients and there are an encouraging number of new business
opportunities. Clients' budgets are also showing a greater stability and
visibility.
While we are encouraged by these positive signs, the economic climate remains
challenging and we remain cautious in our planning. Therefore our expectations
for the full year remain unchanged and we are currently trading in line with
management's expectations.
For further information, please contact:
+-----------------------------------+-------------------------+
| Creston plc | 020 7930 9757 |
+-----------------------------------+-------------------------+
| Don Elgie, Chief Executive | |
+-----------------------------------+-------------------------+
| Barrie Brien, COO/CFO | |
+-----------------------------------+-------------------------+
| www.creston.com | |
+-----------------------------------+-------------------------+
| | |
+-----------------------------------+-------------------------+
| Hogarth Partnership Limited | 020 7357 9477 |
+-----------------------------------+-------------------------+
| Chris Matthews/Sarah | |
| Macleod/Anthony Arthur | |
+-----------------------------------+-------------------------+
About Creston plc
* Creston is an Insight and Communications company for the 21st century. It
offers clients more seamless access to the most innovative marketing insights
and communications services to help grow their brands in a rapidly-changing
consumer world. Our companies draw upon the collective knowledge, expertise and
services from across-the-Group, so that their clients receive the best advice
and achieve the best results no matter what the medium. By working together,
whether on research or as full-scale marketing partners, our companies
continuously innovate to make more things possible for their clients and people.
* Creston companies offer a range of marketing services, such as advertising,
direct and digital marketing, market research, public relations and healthcare
marketing to a broad range of blue-chip clients including: Amazon, AstraZeneca,
Aviva, Bayer, BMW, BT, Burger King, Canon, COI Communications, Cow & Gate, Daily
Mirror, Diageo, E-on, First Direct, GlaxoSmithKline, Halifax, Homeform, House of
Fraser, Kimberly-Clark, Lexus, Lloyds Black Horse, Morrisons, NHS Lottery,
Nissan, Opel, Pfizer, Roche Diagnostics, Royal Mail, SAB Miller, Sainsbury's,
Tesco, Thorpe Park, Toshiba, Trinity Mirror, T-Mobile, Tropicana, Unilever,
Vauxhall, Vodafone, Walkers and WH Smith.
* Creston's share price is quoted in the Financial Times, The Daily Telegraph,
The Times and the London Evening Standard.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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