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Wednesday 12 January, 2011

Trading Statement

RNS Number : 2725Z Group PLC
12 January 2011 Group PLC


12 January 2011


Post-close trading update


Consistent with the trends indicated at the time of the Company's Interim Management Statement issued on 16 November 2010, trading in the fourth quarter has continued to be strong.  The Board expects full year revenues to be in the region of £149 million and adjusted EBITDA to be at the upper end of market expectations at around £41 million, after excluding costs incurred in relation to the acquisition of Financial Services Net Limited of approximately £0.7 million.


Trading improved throughout the course of the second half of the year in all of the Groups verticals with UK internet revenues and adjusted EBITDA approximately 13% and  32% respectively ahead of the second half last year.


The Group financial position remains strong. As at 31 December 2010 the Group had cash balances of £36.5 million and was debt free.


The results for the year will be announced on 1 March 2011.


·      The information in this release is based on management information


This information is provided by RNS
The company news service from the London Stock Exchange