SEC Newgate S.p.A. 2019 Results Update (2721N)
19 May 2020 - 4:00PM
UK Regulatory
TIDMSECG
RNS Number : 2721N
SEC Newgate S.p.A.
19 May 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
19 May 2020
SEC Newgate S.p.A.
("SEC Newgate", the "Group" or the "Company")
2019 Results Update
The Board of SEC Newgate (AIM: SECG), the international
communications, advocacy and research group, today provides the
following update ahead of the publication of the Group's audited
results for the year ended 31 December 2019. The 2019 consolidated
results will comprise the consolidated results of SEC S.p.A. until
3 September 2019 and the consolidated results of the enlarged Group
(following the merger of SEC S.p.A. and Porta Communications Plc)
for the final four months of 2019, to include changes in accounting
treatment under IFRS16.
After preliminary audit review, SEC Newgate now expects to
report consolidated turnover of Euro 47.6 million, Operating Profit
of Euro 1.8 million and Profit Before Tax of c. Euro 1.3 million.
Consolidated Group Net Debt at 31 December 2019 was c. Euro 8.7
million (excluding the impact of IFRS 16 adjustments).
The Board expects to announce the detailed audited results in
the first week of June 2020 following formal audit sign off.
- ends -
Further information:
For further information please contact:
SEC Newgate S.p.A.
Fiorenzo Tagliabue (Group CEO) Tel: +39 335 6008858
tagliabue@secrp.com
Emma Kane (Deputy Group CEO, Tel: +44 (0) 7876 338339
CEO Newgate Communications UK) emma.kane@newgatecomms.com
Federico Vecchio (Group CFO) Tel: +44 (0) 20 7680 6500
federico.vecchio@secnewgate.co
Arden Partners (Nominated Adviser
and Broker)
Richard Johnson / Benjamin Cryer Tel: +44 207 614 5900
Notes to Editors about SEC Newgate
-- Further information is available at www.secnewgate.com
-- On 3 September 2019, SEC S.p.A. and Porta Communications Plc
merged to create SEC Newgate S.p.A.
-- The Group's principal brands are: ACH SEC Global (Spain);
Cambre Associates (Belgium); Cambre Maroc (Morocco); Clai (France);
Kohl PR (Germany); Martis Consulting (Poland); Newgate
Communications (Abu Dhabi, Australia, Greater China, Singapore,
UK); Newington (UK); Publicasity (UK); SEC Latam (Colombia); SEC
Newgate S.p.A. (Italy); and 2112 (UK).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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