Trading Update
April 07 2009 - 2:00AM
UK Regulatory
TIDMDIGI
RNS Number : 2358Q
Digital Marketing Group PLC
07 April 2009
Date: 7 April 2009
On behalf of: Digital Marketing Group plc ("DMG", "the Group" or "the
Company")
Embargoed for: 0700hrs
Digital Marketing Group plc
Trading Update
Digital Marketing Group plc (AIM: DIGI), the digital marketing specialist, is
pleased to announce that despite challenging market conditions profit before tax
(before charges for share options and amortisation) for the year ended 31 March
2009 is expected to be in line with market forecasts at approximately GBP8m.
This would represent an increase of over 25% on the previous year.
The Group has begun to see some clients' spend levels tighten and has
experienced delays in a number of projects, particularly over the last few
months. However, the Group believes it will continue to benefit from the
overriding trend towards digital media and digital channels which appears to be
accelerating as a result of the recession. Furthermore the Company maintains a
flexible cost base and has made the necessary internal adjustments required to
deal with current market conditions.
The business continues to be cash generative and continues to enjoy a strong
financial position, having generated over GBP8m of cash flow from operating
activities enabling the Company to reduce its net debt to GBP6.5m at the year
end.
The Group will announce Preliminary Results for the year ended 31 March 2009 on
6 July 2009.
- ends -
Enquiries:
+--------------------------------------------+--------------------------------------+
| Digital Marketing Group plc | www.digitalmarketinggroup.co.uk |
+--------------------------------------------+--------------------------------------+
| Ben Langdon, Chief Executive | via Redleaf Communications |
+--------------------------------------------+--------------------------------------+
| | |
+--------------------------------------------+--------------------------------------+
| Redleaf Communications | DMG@redleafpr.com |
+--------------------------------------------+--------------------------------------+
| Paul Dulieu/Kathryn Hurford | Tel: 0207 566 6700 |
+--------------------------------------------+--------------------------------------+
| | |
+--------------------------------------------+--------------------------------------+
| Cenkos Securities | |
+--------------------------------------------+--------------------------------------+
| Ivonne Cantu/Julian Morse | Tel: 0207 397 8900 |
+--------------------------------------------+--------------------------------------+
Notes to Editors:
* Digital Marketing Group (AIM: DIGI) listed on AIM in October 2006, and employs
over 650 people.
* Digital Marketing Group is the biggest digital marketing agency in the UK
(Campaign Magazine January 2009).
* DMG is a specialist digital communications business which underpins its
expertise with some of the best data marketing people in the UK. This alignment
of specialist skills results in more effective digital marketing, with Digital
Brain at its pinnacle.
* Digital Marketing Group comprises AgencyDMG and specialist agencies CheezeDMG
(search marketing and online media), CyberDMG (e-commerce), GraphicoDMG (web
design and build, online marketing, mobile), HyperlaunchDMG (online PR, social
media), InboxDMG (viral & ECRM), JaywingDMG (data & analytics), DigforFireDMG
(digital and direct), GasboxDMG (voice).
* Digital Marketing Group's development strategy consists of three key elements:
* "organic growth" - driven by the inherent growth within the acquired businesses
and the application of a group business development programme
* "buy and build" - through the acquisition of a number of well run and profitable
businesses with complementary skills in digital direct marketing; and
* the creation of new revenue streams from within the existing talents and
resources of the group.
Publication quality photographs are available via Redleaf Communications.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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