Trading Update 17th August 2012
The AIM online, print and events business, today issues the following update ahead of the announcement of its interim results to 31 July 2010.
The Company continues to trade in line with market expectations. Vitesse has built on the profitable turnaround achieved in 2009 and will deliver a profit in the first half, a significant improvement on the same loss-making period of the previous year.
The second quarter, which is traditionally the weakest quarter of the financial year, showed a like-for-like sales increase of 3.5% over the same period in the previous year.
The management is looking forward with confidence to the second half of the year and is expecting the Company’s results to show further substantial improvement, in line with market expectation.
Sarah Williams Vitesse Media plc 020 7250 7010
Leslie Copeland Vitesse Media plc 020 7250 7010
Nandita Sahgal / Jeremy Porter Seymour Pierce Limited 020 7107 8000
About Vitesse Media plc
Vitesse Media plc is a leading B2B media business specialising in events, digital activities, data and research for the technology, SME business and high-net-worth investment industries. Its flagship titles include SmallBusiness.co.uk, Growth Company Investor, Information Age, GrowthBusiness.co.uk and What Investment.
Vitesse Media is also responsible for a growing portfolio of high-profile events, including The Quoted Company Awards and Women in IT Awards. Vitesse Media is focused on developing innovative products and services while evaluating further business opportunities in the fragmented B2B media space. Vitesse Media is quoted on AIM.