Thursday, Adventis Group Plc (ATG.L), a full service multimedia marketing and advertising agency, said in its trading update, that results for the full year are expected to be in line with revised market expectations announced on 3 December, 2008. Also the company added that at this early stage of 2009, it is trading in line with management expectations.
Earlier, on December 3, the company had said that it expects results for the year ending 31 December 2008 to be materially below market expectations, mainly due to a significant reduction in projects and contracts, across each of the company's business areas.
The company noted Thursday that its health, technology & telecoms, media and financial services divisions continued to trade profitably as well as its property division, which currently represents only one quarter of group revenue.
Looking ahead, the company said it has net cash and a significant bank facility in place which enables it to look into realistically priced acquisition opportunities in 2009.
The company intends to announce its preliminary results for fiscal 2008 on 15 April.
ATG is currently trading at 14.88 pence, up 14.42% on the London Stock Exchange.
For comments and feedback: editorial@rttnews.com