One Media iP Group Plc Trading Update
09 November 2020 - 6:00PM
UK Regulatory
TIDMOMIP
9 November 2020
One Media iP Group Plc
("One Media" or the "Company")
Trading Update
One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, is pleased to provide the following update on
trading for the full year ended 31 October 2020.
Countering the ongoing wider macro challenges, the Company continues to trade
in line with market expectations and expects to report revenues for year of
circa GBP4m and EBITDA of GBP1.4m, an increase of 14% and 30% respectively on the
prior year. One Media retains a healthy cash position with an unaudited cash
balance of GBP6.7m as at 31 October 2020.
Following the recent successful fundraising in August 2020, the Company
continues to evaluate acquisition opportunities to be executed primarily
through its Harmony IP asset release programme and full catalogue acquisitions.
The Company's full year results are expected to be released in March 2021.
Michael Infante, CEO of One Media iP, commented: "Based on the Group's strong
performance to date and the continued growth in music streaming, the Board is
confident in the outlook for the business as we remain focused on exploring
further acquisition opportunities.
"We are also encouraged to observe that the sector continues to attract
significant investment from outside of the industry, which we believe will help
to build further interest in our business and strategy. We look forward to
keeping the market updated as we continue to deliver on our growth strategy."
-Ends-
This announcement contains inside information for the purposes of Article 7 of
EU Regulation 596/2014. The person who arranged the release of this information
is Michael Infante, Chief Executive Officer of the Company.
One Media iP Group Plc +44 (0)175 378 5500
Michael Infante - CEO
Claire Blunt - Chairman +44 (0)175 378 5501
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0)20 7213 0880
Liam Murray
Jo Turner
Ludovico Lazzaretti
Cenkos Securities plc (Broker) +44 (0)20 7397 8900
Max Hartley
Max Gould
Michael Johnson (Sales)
Yellow Jersey PR (PR & IR) +44 (0)20 3004 9512
Charles Goodwin
Annabel Atkins
About One Media iP Group Plc
One Media is a digital music rights acquirer, publisher and distributor. The
Group specialises in purchasing and monetising intellectual property rights
with proven, repeat income streams. One Media adds value to its content by
maximising its availability in over 600 digital stores globally, including
Apple Music, YouTube, Amazon and Spotify.
One Media's music is also widely used for synchronisation in film, TV and
digital gaming whilst its video content is primarily viewed on YouTube where
One Media operates over 20 YouTube channels as a certified partner.
One Media is listed on the London Stock Exchange on the AIM index, under the
symbol 'OMIP'.
For further information, please visit www.omip.co.uk and www.tcat.media
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward
looking statements. Forward looking statements are identified by their use of
terms and phrases such as "believe", "could", "should" "envisage",
"estimate", "intend", "may", "plan", "potentially", "expect",
"will" or the negative of those, variations or comparable expressions,
including references to assumptions. These forward-looking statements are not
based on historical facts but rather on the Directors' current expectations and
assumptions regarding the Company's future growth, results of operations,
performance, future capital and other expenditures (including the amount,
nature and sources of funding thereof), competitive advantages, business
prospects and opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on information
currently available to the Directors.
END
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