SpaceandPeople PLC Trading update (5860T)

TIDMSAL

RNS Number : 5860T

SpaceandPeople PLC

21 March 2023

SpaceandPeople plc

("SpaceandPeople" or the "Group")

Trading update

SpaceandPeople, (AIM:SAL) the retail, promotional and brand experience specialist, today issues a

pre-close trading update for the year ended 31 December 2022 ("FY22").

The Board is pleased to report that trading during the second half of 2022 was strong, with total unaudited revenue for FY22 being in line with market expectations, being approximately GBP5.5m.

As at 31 December 2022, the Group had cash of GBP1.9 million (31 December 2021: GBP1.4 million) with

GBP1.5 million of term loans (2021: GBP1.8 million) and undrawn bank facilities of GBP0.7 million (2021: GBP0.7

million). Therefore, cash headroom at 31 December 2022 was GBP2.6 million (2021: GBP2.2 million).

Trading momentum has continued in early 2023 in both the UK and Germany despite rail strikes and the Board looks forward to continued increases in revenue and profitability for the year.

The Group expects to announce its FY22 results during the week commencing 1 May 2023.

Contact details:

SpaceandPeople Plc 0845 241 8215

Nancy Cullen, Gregor Dunlay

Zeus Capital Limited (Nominated Adviser and Broker) 0203 829 5000

David Foreman, Jamie Peel, Ed Beddows

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTNKKBKFBKDCNB

(END) Dow Jones Newswires

March 21, 2023 03:00 ET (07:00 GMT)

Spaceandpeople (LSE:SAL)
Historical Stock Chart
From Apr 2024 to May 2024