JAYWING PLC

Earnings Release • Apr 25, 2018

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RNS Number : 9996L

Jaywing PLC

25 April 2018

Date:                     Wednesday 25th April 2018

On behalf of:     Jaywing plc ("the Company")

Jaywing plc

("Jaywing" or "the Company")

Year-end trading statement

Trading Update

Jaywing plc, the data science led agency and consulting business, is pleased to provide a pre-close trading update ahead of its results for the year ended 31st March 2018.

The Board can report that it expects the results to be in line with market expectations.  The Company exits the year having re-aligned the cost base in its Performance Marketing division and having seen spend start to recover from one of its major brand led marketing clients in the FMCG sector.

Martin Boddy, Chairman, commented:

"It has been a very challenging year due to tough market conditions for our Performance Marketing division in the UK and our Brand led marketing agency in Newbury.

However, it is important to recognise the excellent performance in other areas of the business and opportunity that we have created to accelerate growth in Australia with our acquisition of Frank Digital.  Our disruptive data science led offering, creative excellence and collaborative operating model provide the platform on which to grow the business in today's rapidly evolving marketplace."

Board Changes

Following his secondment in Sydney, which culminated in the successful acquisition of Frank Digital to strengthen our Australian operation, Andy Gardner is stepping down from the Board with immediate effect.  Andy will continue in his role as Chief Strategy Officer, working with the executive management team providing ongoing strategic input and analysis. 

Jaywing will release its preliminary results for the year ended 31st March 2018 on Tuesday 10th July 2018.

Enquiries:

Jaywing plc (www.jaywingplc.com)

Michael Sprot (Company Secretary)

Tel: 0114 281 1200

Cenkos Securities plc

Nicholas Wells/Callum Davidson (Nominated Adviser)

Tel: 0207 397 892

This information is provided by RNS

The company news service from the London Stock Exchange

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