Aeorema Communications shares rise amid 'significant' traction
Aeorema Communications PLC on Monday said it expects profit and revenue for the year to June 30 at the upper end of expectations following a ‘transitional year’.
The London-based live events’ agency said it expects revenue of at least £20.4 million for the 12-months that ended June 30, rising at least 0.5% from £20.3 million in financial 2024.
Underlying pretax profit of no less than £600,000 is anticipated, up at least 37% from £437,000 and surpassing March guidance of £550,000.
However, the company expects reported pretax profit of at least £360,000, compared to £437,000 the prior financial year, with it noting the inclusion of £238,000 in one-off costs ‘largely related to restructuring and reducing headcount.’
Aeorema noted that these expectations align with the upper end of prior expectations.
Shares in Aeorema rose 5.3% to 50.00 pence on Monday morning in London.
Aeorema maintained its dividend policy, with it planning to pay an interim dividend following the publication of its unaudited interim results for the 12-months ended June 30 over waiting for the audited results for the 18-month period to December 31.
It did not declare the value of the planned dividend.
Back in March, the company reported plans to update its financial year-end to December 31 from June 30, with this move extending its current financial year to an 18-month period.
Aeorema Communications anticipates reporting its 12-month results by September 30.
Aeorema added that it is continuing to gain ‘significant traction’ in ‘key international markets’, with it also noting positive advancements with its cost reduction and rebalancing programme initiated last year.
Chief Executive Steve Quah said: ‘We are pleased to be trading at the upper end of expectations, with strong revenue, profit and cash performance during what has been a transitional year. Furthermore, our restructuring is progressing well and sets us up to improve margins in 2026 without compromising our creative edge.’
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