SEC S.p.A Trading update and results announcement (3979Y)
May 09 2019 - 2:00AM
UK Regulatory
TIDMSECG
RNS Number : 3979Y
SEC S.p.A
09 May 2019
SEC S.p.A.
("SEC" or "the Company")
Trading update and results announcement
SEC, the largest independent advocacy, public relations and
integrated communications agency in the Italian market, expects to
announce audited results for the year to 31 December 2018 during
the week beginning, 20 May 2019.
The Company expects to report revenues of EUR24 million for the
year to 31 December 2018, (an increase of 17.3%), an increase in
EBITDA to EUR2.6 million (an increase of 59%), and net profits up
to EUR1.5 million an increase of 103% (unaudited). The Company's
net cash and financial investments at 31 December 2018 will be -
EUR1.2 million (unaudited). This is due to the different
classification attributed to the Company's holding in the
securities of Porta Communications plc ("Porta") which changed from
'Financial Assets Available for Sale' to 'Participations' as a
result of the merger talks currently taking place between Porta and
the Company.
The improvements secured in 2018 are a result of management time
being focused on increasing the delivery of successful client
outcomes, boosting existing client growth and generating new
business opportunities.
For more information:
SEC S.p.A
Fiorenzo Tagliabue (CEO)
Telephone: +39 335 6008858
Arden Partners plc (Nominated adviser and broker)
Tom Price / Steve Douglas / Maria Gomez de Olea
Telephone: +44 (0) 20 7614 5900
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.
END
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May 09, 2019 02:00 ET (06:00 GMT)
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