Connect Group PLC Contract Award with Frontline Distribution Limited (9128D)
12 October 2018 - 9:43PM
UK Regulatory
TIDMCNCT
RNS Number : 9128D
Connect Group PLC
12 October 2018
This announcement contains inside information
Connect Group PLC
("the Group" or "Connect Group")
Smiths News agrees new long term contract with Frontline
Distribution Limited ("Frontline")
Connect Group is pleased to announce that Smiths News has agreed
a new long term contract with Frontline, the UK's largest magazine
distributor. The agreement secures all Smiths News' distribution
territories with Frontline from 2020 through to 2025, representing
revenues of circa GBP150m.p.a. at current market values.
Frontline's portfolio accounts for an approximate 40% share of
the UK magazine market, including titles such as 'Radio Times',
'Take A Break' and 'Good Housekeeping'. The contract is a further
endorsement that Smiths News' leading service offer continues to
provide the most efficient route to market for UK publishers.
Together with the recently announced contract secured with News UK
(publisher of 'The Sun' and 'The Times' newspapers), Smiths News
has now renewed two of its largest newspaper and magazine
contracts, amounting to 30% of its total sales revenues.
Jos Opdeweegh, Chief Executive Officer, commented:
"We are delighted to confirm this new agreement with Frontline.
Long term partnerships are central to our business model, allowing
us to drive efficiencies and deliver great service for publishers,
retailers, and ultimately for millions of consumers across the
UK."
Enquiries:
Connect Group PLC
Jos Opdeweegh, Chief Executive Officer
Tony Grace, Chief Financial Officer 01793 563641
www.connectgroupplc.com
Buchanan
Richard Oldworth / Jamie Hooper
connect@buchanan.uk.com
www.buchanan.uk.com 020 7466 5000
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END
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