Aeorema Communications Plc Trading Update (0676C)
18 February 2022 - 6:00PM
UK Regulatory
TIDMAEO
RNS Number : 0676C
Aeorema Communications Plc
18 February 2022
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Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
18 February 2022
Aeorema Communications plc ('Aeorema' or 'the Company' or 'the
Group')
Trading Update
Aeorema Communications plc, the AIM-traded live events agency,
is pleased to announce an update on trading for the first half of
the current financial year.
Aeorema has benefitted significantly from a strong performance
from its U.S. office, which opened during September 2020. The
office continues to grow and win new U.S. based clients to
complement the Company's existing multi-national blue-chip client
base. Moreover, Aeorema's shift since 2020 into providing virtual
online conferences and events has experienced high levels of
demand, and the provision of consultancy services has further
enhanced its performance for the period.
Aeorema now expects to report revenues of no less than GBP4.9
million for H1 2022 (H1 2021: GBP1.67 million), exceeding the
previously reported revenue expectation of GBP4.5 million for the
period as previously announced on 14 December 2021. As a result of
this record performance, profits before tax of no less than
GBP235,000 (H1 2021: Loss before tax of GBP287,676) are anticipated
representing the first profitable H1 in a number of years.
The prospects for the second half of 2022 remain favourable and
the Company is confident that it will continue this trajectory into
H2 2022.
Steve Quah, CEO, commented: "I am delighted to report our best
performance yet during the first half of this financial year, far
exceeding our expectations for the period. This is especially
positive to see following the transitional period for the Company
last year, having opened our first office in New York and started
to provide consultancy services to our clients, alongside our
existing offering. It is encouraging to see the success of this
shift in strategy and I look forward to seeing it grow
further."
*ENDS*
For further information visit www.aeorema.com or contact:
Aeorema Communications
Mike Hale plc +44 (0)20 7291 0444
John Depasquale /
Liz Kirchner (Corporate
Finance) Allenby Capital
Kelly Gardiner (Sales Limited (Nominated
and Corporate Broking) Adviser and Broker) +44 (0)20 3328 5656
Catherine Leftley/ St Brides Partners info@stbridespartners.co.uk
Selina Lovell Ltd
(Financial PR)
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END
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