Trading Update
Jaywing plc, the data science led agency and consulting business, provides the following trading update ahead of publication of its final results for the year ended 31st March 2019.
The Board can report that it expects full year EBITDA to be in-line with market expectations. This performance has been achieved despite the ongoing challenging market conditions within the UK and continued uncertainty surrounding its anticipated withdrawal from the European Union.
During the financial year, management successfully completed the disposal of a non-core contact centre business, HSM Ltd. This assisted the Company in focusing on growing its core business in data science and digital marketing.
Martin Boddy, Chairman, commented:
“This has been a year of solid progress for Jaywing. We have seen encouraging growth in Epiphany, our online performance marketing division, and also in our fast-growing operations in Australia. We have managed our cost base carefully and exited a non-core low margin business, which has strengthened our balance sheet.
We have enhanced core capabilities in data science and digital marketing. This, allied to our AI powered technology and collaborative “One Jaywing” operating model leaves us well placed as confidence returns to clients, and their longer term marketing plans.”
Jaywing will announce its preliminary results for the year ended 31st March 2019 in July.
Enquiries:
Jaywing plc
Andrew Fryatt (CEO) Tel: 0333 370 6500
Cenkos Securities plc
Nicholas Wells / Callum Davidson (Nominated Adviser) Tel: 0207 397 8920