davepyle1
- 23 Jan 2004 08:46
has had a couple couple of very upbeat RNS's recently.....anyone any thoughts?
RNS Number:5517U
New Media Industries PLC
23 January 2004
New Media Industries plc ('the Company' or 'NMI')
Trading update
The Directors of NMI would like to update the market as to a number of
significant new business wins that the Group started working on last year,
namely:
* the appointment of NMI Solutions by Emap, as advertising and
communications agency for the 8m launch of Zoo Weekly magazine;
* the appointment of NMI Production by adidas as lead supplier for
centralised global production; and
* the appointment of Target NMI by Sega Europe for Media planning, buying
and strategy.
The Directors believe that these wins underscore a concerted assault by the
Company on various market sectors and increasing client confidence in the NMI
Group ethos.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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RNS Number:0317U
New Media Industries PLC
09 January 2004
NEW MEDIA INDUSTRIES PLC (NMI)
Interim results for the six months ended 31 October 2003
New Media Industries PLC, the integrated marketing services group, today
announces its interim results for the six months ended 31st October 2003.
* Margins stable for the period; turnover continues to improve.
* Operating loss significantly reduced to 0.15m (2002: 1.1m; 12
months to 30 April 2003: 3.3m).
* NMI Digital Workflow unit appointed on first client project.
* New Business wins continue to flow across the Group.
* Restructuring of Finance department now complete.
Jon Summerill, Deputy Chairman and CEO, said:
'The Group continues to make sustained progress across all its activities, with
a strong indication across all business that the erosion of spend has finally
'bottomed out'. Indeed, every sign is that clients are cautiously upgrading
their budgets for the next fiscal year.
We have just completed the final stage of a thorough restructuring of all
elements of the Group, with the appointment of Toni Denby as Group FD. This, in
conjunction with a reorganised Accounts department, is already delivering
tangible benefits.
With the diverse range of activities undertaken by the Group, the ability to
handle a complex structure of charging and margin analysis is essential to
future profitability and continued increase in margins. The completion of the
upgraded Job Tracking System is ensuring that we capture all income and costs in
a way that adds value to the management decision process.
Our headcount has now stabilised, and we are very much looking forward to a new
phase of enhanced productivity, combined with ongoing recruitment, to service
the overall increase in business.
We are continuing to evaluate opportunities to broaden the scope and
effectiveness of our Group offering, and I will be able to report more fully on
some of these initiatives at the year end.'
Chairman's Statement
Business Unit Review:
Interactive
There has been a strong recovery in this sector, with a variety of clients
continuing to re-evaluate and invest in interactive activity.
Procter & Gamble have just awarded the Interactive team with a new project, in
recognition of their continued contribution to their Global recruitment website.
This new project will involve working on a number of Corporate initiatives.
Furthermore, after a long period of evaluation the Brandhouse consultancy have
appointed the Interactive unit as their sole supplier on all Interactive work.
Given the broad range of blue chip clients they look after, this augers
extremely well for a range of opportunities.
Production
We are continuing to improve the service and offering to our wide range of
Production clients, both centralising Global production around the hub at NMI,
whilst striving to offer a personalised service.
The Digital Workflow group have been extremely busy talking to existing and new
clients, and were appointed on their first project to produce an asset library,
which can form the core of a wider management system
The introduction of the second phase Job Tracking System, has meant an
unparalleled control over materials and cost, whilst offering precise
information to our client base. The new system will automate most of the
administration tasks - including Billing - and allow for a greater shift in
focus onto the core Production requirements.
Increasingly, the client base is evaluating the broad range of services the
Group has on offer, as many companies try to integrate many of the functions,
which they feel will help save them substantial amounts across their budgets.
Solutions
The range of opportunities afforded to the Solutions team is increasing, as
their reputation continues to develop.
Further to an extremely successful launch of FHMs High Street Honeys for Emap,
we continue to evolve our relationship with this client. The quality of work
and value equation are well demonstrated across the business we handle for them.
The team recently launched Pro Evolution Soccer 3 for Konami with a broad mix of
media, and the Creative relationship - Solutions also launched Dancing Stage -
continues to flourish. The Konami work also demonstrates the increasing synergy
between the Creative & Media units, as clients become increasingly confident in
the combined offering.
In reference to the more liberal climate in clients budgets, Temenos - one of
our longstanding clients - has recently confirmed that it will be looking to
increase its overall marketing spend. Solutions has just completed a brand
overhaul for its new software offering - T24 - implementing the variety of work
across their marketing channels.
The only loss of business has been based on the decision by HR Owen, in line
with other car dealerships, to bring their creative work inhouse - effective end
of November.
Already, through a variety of business wins, any loss of income has been
replaced.
Target
As a testament to the excellent job the Media department have been doing across
the HR Owen business, a very clear decision to retain media planning and buying
was made. Given the client review across their business - with a view to
restructuring suppliers and increasing value - it is a great endorsement of
Media delivery.
Target have also continued to win more business across a variety of sectors,
both in their 'heartland' and outside. Our relationship with the BBC continues
to strengthen, with the Media appointment on a groundbreaking new project titled
'Fightbox'.
Further business wins include Blackwells - the eminent booksellers and
Silverscreen, the new venture dedicated to DVD retail.
The mix of Media business handled has dramatically expanded outside the original
core of theatrical releases, to encompass all forms of entertainment -
especially video games - and leisure, whilst increasingly servicing a broader
mix of other clients within the Group.
8 January 2004
J G P Summerill
Deputy Chairman and CEO
New Media Industries PLC
Consolidated profit and loss account for the period ended 31 October 2003