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IRW-Press: Universal Reports Profit For Q1 (Calendar) Trading Results (Unaudited)



Published on 10 July 2014



by Press Office

(IRW-PRESS and WireNews)

Vienna, Austria

Universal Outdoor Group Plc is pleased to announce that the new management team have successfully transformed the business which, in the first calendar quarter (January to March of 2014) has delivered (unaudited) revenue of over €1.3 million and turned the corner into profit with circa €220,000 of profit for the period.

The Group announced in its interim report on March 26th 2014 revenue for the first six months of the Groups financial year (July to end of December 2013) of €655,852 and therefore cumulative revenue to date (9 months) for the Groups full financial year is greater than €1.98 million representing an increase in revenue of over 300% for the period.

The Groups Media division is now the largest shopping centre advertising network in the UK by number of shopping centres. During the period in shopping malls and cinemas the media networks delivered national campaigns for brands such as Lego, Sony Mobile, Revlon, Ford, Pizza Hut, Vodafone, Estee Lauder, GSK and EE to name a few.

The Groups advertising sales business continues to grow booking on average over €200,000 of new advertisers per month on our mall and cinema networks.

The Groups technology business continued to deliver innovation to its clients including enhancements to the Miami International Airport Way-finding solution, which is the first of 3 booked Airport installations. To date our work at Miami has delivered over $250,000 in revenue. During the period we also launched a mobile commerce Parking App for Westfield shopping centres, which is now expanding into our existing and new shopping centre clients in the UK and US.

Dominic Brookman CEO comments “We are pleased that we can announce to our stakeholders that we have successfully brought the Group into profit in the first quarter of 2014 and we are now focussed on delivering further growth in revenues and profit in order that we can complete the transformation to deliver a maiden profitable full year set of results.”

End

Universal Outdoor Group plc

Dominic Brookman

+44 207 754 0459

About Universal

Formed in 2008, Universal has established itself as a vision leader in interactive out of home digital media. Our goal is to deliver solutions and campaigns that entertain, inform and motivate. See: www.universaloutdoor.co.uk for more information.

Risk Disclaimer

The directors of Universal accept responsibility for the information contained in this announcement relating to Universal. To the best of the knowledge and belief of the directors of Universal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.


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Posted 2014-07-10 12:13:00