Imagelinx PLC Trading Statement (3768H)
11 Juillet 2012 - 8:00AM
UK Regulatory
TIDMILI
RNS Number : 3768H
Imagelinx PLC
11 July 2012
IMAGELINX PLC (the "Group")
Trading Statement
The Group's revenue in May and June 2012 has seen a sudden and
marked deterioration and was below the levels seen in the first
four months of the year, which were ahead of budget. This sudden
decline in spending across almost all of our clients appears
directly or indirectly related to the current economic uncertainty
in Europe.
Earlier cost realignment work has gone a long way to mitigating
the impact of these low trading levels and the Group has been able
to reduce its costs further. While we expect to see a recovery in
turnover this is unlikely to be before the end of the third quarter
of 2012. Despite current trading, the Group's cash position is
expected to remain in line with this year's opening position.
With continued productivity improvements, lower costs and the
Group's operational gearing, a modest recovery in turnover should
return the Group to profitability.
Enquiries:
Imagelinx Tel: +44 7771
Richard Clothier, Chairman 644 962
Alistair Rae, Chief Executive Tel: +44 7736
883934
finnCap Tel: +44 20 7220
Edward Frisby / Rose Herbert (corporate 0500
finance)
Victoria Bates (corporate broking)
Cadogan PR Tel: +44 20 7839
Alex Walters 9260
This information is provided by RNS
The company news service from the London Stock Exchange
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