Crossrider plc Trading Update (0997A)
18 December 2014 - 6:00PM
UK Regulatory
TIDMCROS
RNS Number : 0997A
Crossrider plc
18 December 2014
Crossrider plc
("Crossrider," the "Company" or the "Group")
Trading Update
Crossrider (AIM: CROS), the creator of digital advertising
platforms specialising in monetising web and mobile media through
the use of big data, today provides the following trading
update.
The Directors are pleased to announce that the operational
momentum outlined at the time of the Group's admission to trading
on AIM ("Admission") has continued. As a result of better than
expected trading, driven by organic growth of the Group's existing
service offering, both revenues and EBITDA for the full year to 31
December 2014 ("FY2014") are expected to be ahead of market
expectations.
The Group will issue a further trading update in mid-January in
respect of FY2014.
Koby Menachemi, Chief Executive Officer of Crossrider, said:
"Following Admission we have continued to develop our service
offering and proprietary technologies in pursuit of our strategic
objectives. Our rapidly growing marketplace continues to
demonstrate excellent growth opportunities, driven by the growth in
mobile advertising and we are working at the forefront of this
sector."
"The Board looks forward to updating shareholders on the Group's
continuing progress when it reports maiden full year results for
FY2014."
- Ends -
For more information contact
Crossrider plc
Koby Menachemi, Chief Executive
Officer
Mark Carlisle, Chief Financial
Officer
c/o Bell Pottinger +44 (0) 20 3772 2500
Shore Capital
Bidhi Bhoma
Toby Gibbs
Jamie Cameron +44 (0) 20 7408 4090
Bell Pottinger
David Rydell
Olly Scott
James Newman +44 (0) 20 3772 2500
About Crossrider
Crossrider is a creator of digital advertising platforms
specialising in monetising web and mobile media through the use of
big data. The Company's web and mobile platforms power ad networks,
agencies and direct publishers and enable the delivery of relevant
digital advertising through the analysis of big data: making online
marketing significantly more efficient and cost effective.
The Group operates web and mobile platforms which generate big
data, enabling the development of a proprietary ad serving
algorithm and engine that can extract value from this data to
deliver relevant advertising to targeted users.
Crossrider's vision is to become the de facto standard platform
for delivering relevant web and mobile adverts to billions of
people, powering the next generation of digital advertising.
www.crossrider.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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