Creston PLC Trading Statement and Directorate Change (2709F)
23 4월 2014 - 3:00PM
UK Regulatory
TIDMCRE
RNS Number : 2709F
Creston PLC
23 April 2014
23 April 2014
Creston plc
('Creston' or the 'Group')
Trading Statement and Directorate Change
Creston plc (LSE: CRE), the digitally focused insight and
communications group, provides an update on trading for the year
ended 31 March 2014 ahead of its full year results for the
period.
Following an improved second half performance the Group expects
to be in line with consensus, both in terms of revenue and Group
Headline PBT. Revenue will be GBP74.8 million (2013: GBP75.2
million), with cash (excluding deferred consideration) ahead of
Board expectations at GBP7.5m.
Creston will announce its preliminary results for the year ended
31 March 2014 on Wednesday 11 June 2014.
Barrie Brien, Group Chief Executive, commented: "I am pleased
with the second half performance in which we have achieved revenue
growth over both the first half and the same prior year period,
putting us in line with consensus. Following the busy period of
pitching in the first half of the year, new business wins had a
positive impact as expected".
The Group also announces that David Grigson, Non-Executive
Chairman of Creston plc and a member of the Board since November
2009, will be stepping down from the Board with effect from the AGM
on 8 September 2014.
Following the AGM, Richard Huntingford, a member of the Board
since September 2011, will become Non-Executive Chairman and
Chairman of the Nominations Committee. Richard has extensive plc
Board and media sector experience gained from a variety of Chair
and non-executive director roles, including his current
Non-Executive Chairmanship of UTV Media plc. Andrew Dougal, a
member of the Board since September 2006, will remain the Senior
Independent Director. A search is underway for an additional Board
member who will also serve as Richard Huntingford's replacement as
Chairman of the Remuneration Committee.
Andrew Dougal, Senior Independent Director, commented: "David
has played a key part in Creston's development in his four years as
Non-Executive Chairman, particularly in leading the recent Group
Chief Executive succession process. He leaves the Group in a strong
position and on behalf of the Board I thank him for his valuable
contribution".
For further information on the announcement please contact:
+44 (0)20 7930
Creston plc 9757
Barrie Brien, Group Chief
Executive
+44 (0)20 7861
Bell Pottinger 3890
Elly Williamson / Malika
Shermatova
About Creston plc
Creston plc (LSE: CRE) is a digitally focused insight and
communications group. The Group delivers a range of marketing
services, including advertising, brand consultancy, CRM, digital
and direct marketing, health communications, local marketing,
market research, PR and social media marketing to a broad spectrum
of blue-chip global clients. Our insight companies give us a real
edge, providing the analytic intelligence to enable us to deliver
original thinking that engages audiences, invites participation and
influences future trends. www.creston.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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