LONDON-- Sports content distributor Perform Group PLC (PER.LN)
Thursday announced the appointment of a new Chief Financial Officer
and reported year-on-year revenue growth of 32% for the first
quarter.
MAIN FACTS:
-Year on year revenue growth of 32% to GBP56.9 million (Q1 2013:
GBP43.0 million)
-Cost reduction plan on track with benefits to come through in
H2 in line with guidance.
-On track to achieve FY14 revenue and adjusted EBITDA growth in
line with board expectations.
-The timing of the cost reduction benefits will result in a
H1/H2 EBITDA split close to one third and two thirds.
-Appointment of Chief Financial Officer - Ashley Milton,
currently CFO of Group M EMEA, the Media Investment division of WPP
PLC (WPP.LN) , the world's largest advertising and marketing
group.
-Shares closed Wednesday at 234 pence valuing the company at
GBP615.1 million.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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