MDZ Mediazest Plc

 
TIDMMDZ 
 
20 October 2022 
 
                                 MediaZest Plc 
 
             ("MediaZest", the "Company" or the "Group"; AIM: MDZ) 
 
                                 Trading Update 
 
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to 
provide an update on current trading and performance during the financial year 
ended 30 September 2022. 
 
The operational business continued to trade well in the second half of the year 
and the Company expects the full year financial results to show a significant 
improvement on the prior year. Year end cash levels are consistent with the end 
of the interim period ended 31 March 2022. 
 
The Group is expecting to complete the year-end audit during December 2022 and 
January 2023 and will announce its final results shortly thereafter. 
 
Current Trading 
 
Demand across key sectors including Retail, Automotive and Corporate Office 
spaces continues to be encouraging with many long-term clients including Pets 
at Home, Lululemon, Hyundai, Ted Baker and HMV progressing roll out programmes 
and ongoing works. 
 
Recent new installations, events and several upcoming opportunities within the 
European Union have been consummated. Several were delivered during the 
financial year ended 30 September 2022, including projects in Spain, the 
Netherlands, France and Germany. 
 
As referenced in the Interim Results to 31 March 2022, in order to deliver 
solutions and services more efficiently to these clients, the Board has begun 
the process of establishing an EU based subsidiary; this process is expected to 
be completed in the current quarter (Q1 FY23). 
 
Recurring revenue contracts continue to perform well and the Group has 
continued to build on success in this area in recent years. 
 
Outlook 
 
The Board is pleased with recent progress as the Group bounced back from the 
challenges of Covid-19, and is encouraged by the outlook for the short term. 
Looking further ahead, the Board remains vigilant for signs of a slow-down in 
client activity due to macro-economic uncertainty in the UK coupled with global 
financial headwinds, and maintains flexibility in its cost base where possible 
whilst balancing its ambitions for further growth. 
 
Differentiating the Group's offering by emphasising new revenue streams such as 
data collection and analysis, alongside the high standards of project delivery 
the business is known for, is considered to be  key to building upon recent 
progress. 
 
The Board continues to evaluate the potential for acquisitions to grow the 
Group, should an appropriate opportunity arise. Management remains active in 
this area whilst remaining committed to pursuing such a transaction only should 
tha be sufficiently attractive to shareholders in the current environment. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law 
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed 
in accordance with the Company's obligations under Article 17 of MAR. 
 
Enquiries: 
 
Geoff Robertson                                      0845 207 9378 
Chief Executive Officer 
MediaZest Plc 
 
David Hignell/Adam Cowl                              020 3470 0470 
Nominated Adviser 
SP Angel Corporate Finance LLP 
 
Claire Noyce                                         020 3764 2341 
Broker 
Hybridan LLP 
 
 
Notes to Editors: 
 
About MediaZest 
 
MediaZest is a creative audio-visual systems integrator that specialises in 
providing innovative marketing solutions to leading retailers, brand owners and 
corporations, but also works in the public sector in both the NHS and Education 
markets. The Group supplies an integrated service from content creation and 
system design to installation, technical support, and maintenance. MediaZest 
was admitted to the London Stock Exchange's AIM market in February 2005. For 
more information, please visit www.mediazest.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

October 20, 2022 02:00 ET (06:00 GMT)

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