Electric Word PLC Trading Update (3839S)
December 20 2016 - 8:42AM
UK Regulatory
TIDMELE
RNS Number : 3839S
Electric Word PLC
20 December 2016
20 December 2016
Electric Word Plc (the "Company")
Trading Update
The Directors of Electric Word plc issue this update following
the end of its financial year to 30(th) November.
Following the disposals of Optimus Education and Speechmark in
November, the continuing business of the Group now comprises
SportBusiness and Group central costs. Adjusted EBITA loss for the
continuing business for the year ending 30(th) November is likely
to be slightly improved compared to the Board's previous
expectations as a result of a stronger than expected performance
from the SportBusiness Intelligence consultancy revenue stream. The
smaller Group will require a lower level of central support and the
Group's central costs are now in the course of being reduced where
possible. As part of this process, the business will be moving to
new premises in the first quarter of 2017.
For further enquiries please contact:
Julian Turner, Chief Executive, Electric Word 020 7265 4170
Andrew Potts, Panmure Gordon 020 7886 2500
This announcement contains inside information for the purpose of
Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Notes to Editors
Electric Word plc is a specialist media group supporting
professionals in the business of Sport through digital subscription
services and bespoke research and consultancy. Our aim is to
provide our customers with decision-critical data and
market-leading analysis and expertise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 20, 2016 08:42 ET (13:42 GMT)
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