Trading Statement (2169F)
20 4월 2011 - 3:00PM
UK Regulatory
TIDMCRE
RNS Number : 2169F
Creston PLC
20 April 2011
20 April 2011
Creston plc
Pre-Close Trading Statement
Creston plc ("Creston" or the "Group"; LSE: CRE), the Insight
and Communications Group, provides an update on trading in advance
of the preliminary results announcement for the year ended 31 March
2011.
In its 2011 financial year, the Group has performed in line with
the Board's expectations driven by revenue growth on a continuing
group basis of 11 per cent, or 7 per cent on a like-for-like basis,
which represents a strong performance versus the sector. This
growth has been driven by organic growth from existing clients, as
well as some exciting new client wins.
The second half of the year reported growth in revenue,
operating profit and margin compared to the first half and ended
with a like-for-like revenue growth of 10 per cent in the final
quarter.
The first three months' trading for the recently acquired
Cooney/Waters and Alembic Health businesses has exceeded the
Board's expectations, whilst their integration is making good
progress under the newly appointed CFO.
Operating cash flow has been ahead of the Board's expectations,
resulting in a broadly debt free position at the year end. At 18
April 2011 the Group had net cash of GBP2.6 million. This positive
cash position is after paying the initial cash consideration of
GBP5.9 million for Cooney/Waters and Alembic Health in December
2010.
Creston expects to announce its preliminary results for the year
ended 31 March 2011 on Tuesday, 21 June 2011.
-Ends-
Enquiries:
Creston plc www.creston.com
Don Elgie, Chief Executive 020 7930 9757
Barrie Brien, COO/CFO
Sarah Macleod, Communications
Director
Investec Bank Plc
David Flin /Carlton Nelson 020 7597 5970
NOTES TO EDITORS:
-- Publication quality photographs are available on
www.creston.com.
About Creston plc
-- Creston is an Insight and Communications company for the
21(st) 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, market research, direct and digital marketing, public
relations, advertising and healthcare marketing to a broad range of
blue-chip clients including: Astellas, AstraZeneca, Aviva, BMW, BT,
Canon, COI Communications, Danone, Diageo, GlaxoSmithKline, HTC,
Jaguar, Land Rover, Lexus, Nissan, Pfizer, Roche, Sainsbury's,
Sanofi Pasteur, Sony Europe, Tesco, Toshiba, 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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