Trading Update

RNS Number : 3251C

BrainJuicer Group PLC

16 January 2015

 

                                                                                                                                       16 January 2015

BrainJuicer Group PLC

 ("BrainJuicer" and the "Company")

Pre close trading update

BrainJuicer Group PLC (AIM: BJU), the innovative international market research agency, today releases the following update on trading during its financial year ended 31 December 2014.  The Company will announce its final results on 19 March 2015.

Revenue for the year increased by 1% to around £24.6m, an increase of 5% on a constant currency basis.  Among our core markets, revenue was flat in the UK, but the US performed well, increasing revenue by some 5-6% at actual exchange rates, and around 10% in constant currencies.

The relatively flat overall revenue masks a better performance by our core, and overwhelmingly "Juicy", quantitative products, which delivered growth of some 4% at actual exchange rates as we continued to make encouraging progress with major multinational clients.  This was largely offset by a decline in revenue from our lower margin, qualitative Juice Generation business, which is particularly volatile in nature and so not a good indicator of underlying progress.

Overheads were well controlled during the year.  After factoring in a lower bonus pool than in 2013, and a modest charge for share based payments, pre-tax profits for 2014 are expected to be at least £4m, and so will meet market expectations, compared with £3.6m in the prior year.

BrainJuicer was again highly cash generative in 2014, and its financial position remains very strong.  £3.9m was returned to shareholders during the year via ordinary and special dividends, share buy-backs and cash settled management equity awards.  The Company ended 2014 with a cash balance of £5.3m, compared with £6.2m at the end of 2013.  BrainJuicer has no debt.

The Company can be found at www.brainjuicer.com  

- Ends -

For further information, please contact:

BrainJuicer Group PLC      

John Kearon, Chief Executive Officer                                    Tel: [phone]

James Geddes, Chief Financial Officer                                 www.brainjuicer.com

Canaccord Genuity Limited           

Simon Bridges / Henry Fitzgerald-O'Connor                          Tel: [phone]

www.canaccordgenuity.com

 

END

 

 

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