Trading Statement
05 September 2003 - 8:51PM
UK Regulatory
RNS Number:4412P
Avesco PLC
05 September 2003
For immediate Release 5 September 2003
Avesco plc
Result of Annual General Meeting and Current Trading Statement
5 September 2003
Avesco plc ("Avesco"), the provider of specialist services to the corporate
presentation, entertainment and broadcast markets, announces that at the Annual
General Meeting held today, all resolutions proposed to the meeting were duly
passed.
Commenting on current trading of Avesco, Richard Murray, Chairman, said:
"I reported at the end of June that trading in Avesco's Core Services in the UK
and Europe remained difficult but that the North American operations were
performing more strongly. Trading in Europe, especially in the UK, has been
difficult during the first half. However we have seen an improvement in the
performance of our North American business. The autumn period is looking
relatively stronger across all markets although, with continuing limited
visibility, it is too early to tell whether this is the beginning of a sustained
recovery.
Trading in Complete remains in line with our expectations, with plans for a
second film nearing completion. A decision on the application for the FM radio
licence for the West Midlands is expected later this month.
The Board expects a satisfactory outcome for the year in line with market
expectations."
End
For further information please contact:
David Nicholson, Chief Executive, Avesco plc Tel: 020 8974 1234
David Brocksom, Finance Director, Avesco plc Tel: 020 8974 1234
This information is provided by RNS
The company news service from the London Stock Exchange
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