Trading Statement July 19

10 July 2019 / Jaywing

Date:                  10 July 2019

On behalf of:     Jaywing plc (“the Company”)

 

Jaywing plc

(“Jaywing” or “the Company”)

Trading update

The Company is intending to publish its preliminary results for the year to 31 March 2019 before the end of August 2019. These are expected to report EBITDA in line with market expectations.

 

However, trading in the first quarter of this financial year has been very weak. With the heightened political and economic uncertainty, many clients are focused on the short term and where their spend is discretionary, it is running at a level well below that seen in previous years. So, even at this relatively early stage in the year and with a significant amount (typically 50%) of revenues being recurring, it is unlikely that the current year’s profit will match last year’s.

 

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 8900