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Wednesday 11 January, 2012

Trading Statement

RNS Number : 3383V Group PLC
11 January 2012 Group PLC

11 January 2012


Post Close Trading Statement


The Board expects full year revenues to be up circa 20% year on year at around £178 million (2010: £148.9m) and adjusted EBITDA to be around £49.5 million, an increase of approximately 21% (2010: £41m). The Group continued to trade well in the fourth quarter, with revenues up 19% year on year, supported by higher levels of marketing spend.  Revenues and EBITDA therefore each increased by around 16% in the second half compared to the same period in the prior year.


The Group financial position remains strong.  As at 31 December 2011 the Group had cash balances of £34.9 million and was debt free.


The results for the year will be announced on 28 February 2012.


For more information, please contact: Group PLC


Paul Doughty, Chief Financial Officer, 01244 665700


·      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