TWE Twenty

    RNS Number : 5523J
  Twenty PLC
  04 December 2008
   

    TWENTY PLC

    (AIM: TWE)

    TRADING UPDATE




    The Board of Twenty plc ("Twenty" or the "Group"), the AIM quoted integrated marketing solutions provider, announces that, for the
financial year ending 31st December 2008, it expects that results will be below market expectations. 

    Whilst the Group announced a loss (before tax) at the interim stage of �958K on revenue of �8.5m due to a major customer going into
liquidation and the delay in converting expected new business, the expectation was to reduce the full year loss with a strong second half
performance. Whilst the Group has returned to profit on a month to month basis and will be profitable in the second half of 2008, the recent
deterioration in the economic outlook from October has had a direct impact on both new business levels and the activity levels of some
existing clients. The expected outturn for the full year 2008 is anticipated to be a loss (before tax) for the full year of approximately
�865K on revenue of approximately �15.6m.

    During 2008, the Group has completed its restructuring around a data centric business model and disposed of non core assets with the
sale in September of the Direct Communications division. The business is well placed to grow its revenues and has made a number of new
client acquisitions in both the data analytics and multi channel customer contact services areas however the rate of growth will likely be
impacted by the soft market conditions forecast in the overall UK economy.  Whilst the economic environment is uncertain the Group is
cautious in its outlook going into 2009.




    Enquiries:

    Twenty Plc                                         Tel: 01908 829 300
    Ian Lancaster, Chief Executive
    www.twentyplc.com

    Daniel Stewart & Company plc        Tel: 020 7776 6550
    Graham Webster/Simon Starr



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

Twenty Plc (LSE:TWE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Twenty Plc (LSE:TWE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024