Interim Management Statement


 

TIDMCRE 
 
RNS Number : 8697P 
Creston PLC 
26 July 2010 
 

 
 
 
Press Release 
                             26 July 2010 
 
Creston plc 
Interim Management Statement 
 
Creston plc ("Creston" or the "Group") (LSE: CRE), the Insight and 
Communications Group, announces its interim management statement for the period 
1 April 2010 to 25 July 2010. 
 
Trading 
 
As announced in Creston's preliminary statement on 28 June 2010 the Group has 
started the new financial year positively. The continuing Group post the 
disposal of DLKW Group on 14 July 2010 has delivered like-for-like revenue 
growth of 11 per cent for the 3 month period to 30 June 2010. This compares 
favourably to the 6 per cent like-for-like revenue decline reported for the 
comparable quarter of 2009 and the 4 per cent revenue decline reported for the 
financial year ending 31 March 2010. 
 
The positive start to the new financial year has been driven by a number of new 
business wins including Astellas, Guinness, GSK, Shire Pharmaceuticals, Smith & 
Nephew, Sony Professional Services and ViiV. 
 
Balance Sheet 
 
Following the disposal of DLKW the Group had a positive cash balance of over 
GBP1 million on 14 July 2010 and access to an unutilised bank facility of GBP25 
million. 
 
Outlook 
As a result of the first quarter growth in like-for-like revenue, demonstrating 
the quality and resilience of the continuing Group, and the momentum in new 
business wins, trading continues in line with management's and market 
expectations. 
 
For further information, please contact: 
 
+----------------------------------+--------------------------+ 
| Creston plc                      | 020 7930 9757            | 
+----------------------------------+--------------------------+ 
| Don Elgie, Chief Executive       |                          | 
+----------------------------------+--------------------------+ 
| Barrie Brien, COO/CFO            |                          | 
+----------------------------------+--------------------------+ 
| www.creston.com                  |                          | 
+----------------------------------+--------------------------+ 
|                                  |                          | 
+----------------------------------+--------------------------+ 
| M:Communications                 |                          | 
+----------------------------------+--------------------------+ 
| Elly Williamson                  | 020 7920 2339            | 
+----------------------------------+--------------------------+ 
 
 
 
 
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, Danone, Diageo, 
First Direct, GlaxoSmithKline, HTCJaguar, Kimberly-Clark, Land Rover, Lexus, 
Lloyds Black Horse, Nissan, O2, Pfizer, RocheDiagnostics, Royal Mail, 
Sainsbury's, Tesco, Thorpe Park, Toshiba, Toyota, T-Mobile, Tropicana, Unilever, 
Vodafone and Walkers. 
 
*  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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