22 May
2024
This announcement
contains inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR"), and is disclosed in accordance with the Company's
obligations under Article 17 of
MAR.
MediaZest
Plc
(“MediaZest”, the
“Company”, or the “Group”)
New European
Business Win
Multi-site
installations delivering recurring
revenues
MediaZest plc (AIM: MDZ),
the creative audio-visual solutions provider, announces it has
secured a new and repeat contract to supply digital signage to a
large global automotive client across several of its sites in an EU
country. The multi-year contract, signed on 21 May 2024, will provide MediaZest with
additional revenues in excess of €150,000 by the end of
2026.
This, alongside the other
new orders announced in the trading update on 13 May 2024, will provide the Company with
additional revenues of approximately £500,000 in the short to
medium term.
The Company reiterates
that first half revenues will show a return to year-on-year growth
and that it expects to deliver an improved EBITDA performance for
H1 2024 compared to H1 2023.
Geoff Robertson, Group
Chief Executive, commented: “We are delighted to announce a follow-on contract
with a large global
automotive client following the success of earlier projects. This
contract demonstrates our focus on generating future recurring
revenue streams to build value in the business.
The pipeline across the business continues to grow
with further contract confirmations expected before the financial
year end.”
For further
information please
contact:
|
MediaZest
Plc |
www.mediazest.com |
|
Geoff Robertson, Chief Executive
Officer |
via Walbrook
PR |
|
|
|
SP Angel Corporate Finance LLP
(Nomad) |
Tel: +44 (0)20 3470
0470 |
|
David Hignell/Adam
Cowl |
|
|
|
|
Hybridan LLP (Corporate
Broker) |
Tel: +44 (0)20 3764
2341 |
|
Claire Noyce |
|
|
|
|
|
Walbrook PR (Media
& Investor Relations) |
Tel: +44 (0)20
7933 8780 or
mediazest@walbrookpr.com |
|
Paul McManus / Charlotte
Edgar / Alice
Woodings |
Mob: +44 (0)7980 541 893 /
+44 (0)7884 664 686 / +44 (0)7407 804
654 |
|
|
|
|
About
MediaZest
(www.mediazest.com)
MediaZest is a creative audio-visual solutions
provider that specialises in delivering innovative digital signage
and audio systems to leading retailers, brand owners and
corporations. The Group offers an integrated service from content
creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's
AIM in February
2005.