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Jaywing PLC - Sheffield-based data-driven advertising and marketing agency - Expects net revenue for the year ended on March 31 to be £23.3 million, up 16% from £20.2 million the year before. Says strong growth is seen in retail, financial & professional services and in Australia. Looking ahead, Jaywing says its pipeline of new businesses is strong, while remaining cautious about the overall economic outlook. The company says full year results will be published in early September.
Chief Executive Officer Andrew Fryatt says: ‘The combination of double-digit revenue growth and a more efficient cost base has enabled us to increase underlying profitability, giving us confidence for the year ahead.’
Additionally, Jaywing says it is currently in talks with shareholders of marketing software development business Midisi Ltd regarding the potential acquisition of the firm. Says York-based Midisi owns the intellectual property rights for the Decision software, which Jaywing currently sells under a licence agreement.
Current stock price: 10.03 pence
12-month change: down 18%
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