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System1 Group PLC (SYS1)

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Monday 16 October, 2017

System1 Group PLC

Trading Update

RNS Number : 6155T
System1 Group PLC
16 October 2017
 

 

 

 

 

 

Press Release

16 October 2017

 

 

 

System1 Group PLC (AIM: SYS1)

formerly BrainJuicer Group PLC

("System1", or "the Company", or "the Group")

 

 

Trading update for the six months to 30 September 2017

 

 

System1 (formerly BrainJuicer), the innovative marketing services group, today releases the following six month ("H1") trading update.

 

As announced on 18 August, trading in H1 has been slower than expected, and Gross Profit (the Company's main top line performance indicator) is 9% lower than prior year (12% in constant currency), due in the main to non-recurrence of large one-off Innovation projects as a result of some significant client spending reductions and a more competitive market.  Profit Before Tax in H1 is some £0.8m (prior year: £2.8m).

 

We remain cautious about our prospects over the remainder of the financial year due to our usual lack of revenue visibility.

 

The Company will announce its interim results for the six months to 30 September 2017 on 27 October 2017.

 

The Company can be found at www.system1group.com.

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.  Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

For further information, please contact:

System1 Group PLC

Tel: +44 (0)20 7043 1000

 

John Kearon, Chief Executive Officer


 

James Geddes, Chief Financial Officer


 

Canaccord Genuity Limited

Tel: +44 (0)20 7523 8000

Simon Bridges / Emma Gabriel


 


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