Reach4Entertainment Enterprises PLC Trading Update (9975W)
14 11월 2014 - 4:00PM
UK Regulatory
TIDMR4E
RNS Number : 9975W
Reach4Entertainment Enterprises PLC
14 November 2014
14 November 2014
reach4entertainment enterprises plc
('r4e' or 'the Group')
Trading Update
r4e, the transatlantic media and entertainment marketing
company, today provides an update on trading following the end of
the third quarter of the financial year on 30 September 2014.
As previously reported, the Group delivered an encouraging set
of interim results. Trading has continued to be solid and the
Directors remain confident that the Group will meet market
expectations for the full financial year.
SpotCo, the Group's New York based theatre and live
entertainment marketing business, delivered a strong performance in
the first half of the year, boosted by a number of significant,
one-off projects. The division has continued to perform well and it
is likely that, given the impact of these one-off projects,
performance in the second half of the financial year will match
that of the first, rather than display the normal seasonal
outperformance.
Conditions in the West End theatre market, where Dewynters, the
Group's London based theatre and live entertainment business
primarily operates, remain subdued and challenging. The division's
position as market leader and association with established,
long-running shows including Wicked, Les Miserables, Mamma Mia!
andThe Phantom of the Opera, provides stability to its revenue
stream. However, it is unlikely that the usual second half strength
will be evident.
Newman Displays', the Group's signage and fascia business,
performance remains satisfactory, despite the global downturn in
film revenues. Most recently, work has involved delivering projects
associated with the London Film Festival. The division's
performance is traditionally second half weighted and the Group
anticipates that this cyclical trend will be repeated again this
financial year.
ENDS
Enquiries:
reach4entertainment +44 (0) 20 7968 1655
David Stoller, Executive Chairman
Blytheweigh (Financial PR) +44 (0) 20 7138 3204
Paul Weigh +44 (0) 7989 129658
Eleanor Parry +44 (0) 7551 293620
Allenby Capital (Nominated Adviser and Broker) +44 (0) 20 3328 5656
Jeremy Porter / James Reeve (Corporate Finance)
Katrina Perez/Kelly Gardiner (Corporate Broking)
Notes to Editors:
reach4entertainment enterprises plc ('r4e') is a collection of
branding, marketing, design and advertising agencies that focus
primarily on the theatre, film and live entertainment
industries.
r4e's three principal operating divisions are Dewynters Ltd
('Dewynters'), Spot and Company of Manhattan Inc ('SpotCo') and
Newman Displays Limited ('Newmans').
Dewynters, which was founded in 1876, is based in London and is
a market leader in live entertainment marketing, branding and
advertising campaigns.
SpotCo, founded in 1996, is based in New York and is a leading
arts and live entertainment advertising and marketing agencies,
producing a range of interactive, environmental and print
campaigns.
Newmans was founded in 1988 and is the UK's leading large scale
outdoor signage, front of house, marquee display and installation
company. Clients include major West End theatre productions,
leading film companies, cinemas and major global events.
The company is listed on AIM (AIM: R4E).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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