MKM Mkm Group

 

TIDMMKM 
 
RNS Number : 3467Q 
MKM Group PLC 
08 April 2009 
 

 
 
MKM GROUP PLC 
 
 
Trading Update 
 
 
MKM Group plc ("MKM" or the "Company") today announces an update on trading for 
the Company's financial year to 31 March 2009. 
 
 
In December 2008, in our interim report, we announced that a fundamental review 
of the Australian business was to be completed that would include the 
consideration of radical restructuring options. Today we announce that the 
Group's Australian operations will now trade through "Salad Marketing Pty Ltd" a 
wholly owned subsidiary of the Group. The remaining Australian subsidiaries will 
cease to trade with immediate effect. This restructuring will seek to try and 
protect the majority of the Group's Australian obligations and its employees. 
The restructuring will lead to lower levels of turnover within Australia but 
will also reduce the need for further support to be provided from the Group. 
 
 
Trading in the UK has continued on the upward trend stated within our interim 
report and we expect to report growth in UK turnover for the final 6 months of 
approximately 15% versus the same period a year ago. In particular, the reaction 
from current and potential clients to the Airport Angel product has been very 
strong and Airport Angel, coupled with current new product development, could 
represent a strong platform for future sustainable profitable growth. 
 
 
This ongoing product development is in line with the stated focus of continuing 
to secure long-term annuity accounts, which are typically contracted for 3 to 4 
years. This focus will create improved earnings visibility. We will continue to 
develop our heritage product of short term tactical promotions which have seen 
some renewed activity in recent weeks. 
 
 
The Board remains committed to its growth strategy and is cautiously optimistic 
about the longer term prospects for the business. 
 
 
 
 
For further information, please contact: 
 
 
+----------------------------------------------+-------------------------+ 
| MKM Group Plc                                | T: 0161 877 1112        | 
| Brian Smillie, Chief Executive               |                         | 
| Matthew Toynton, Finance Director            |                         | 
|                                              |                         | 
+----------------------------------------------+-------------------------+ 
| WH Ireland Limited                           | T: 0161 832 2174        | 
| David Youngman/Robin Gwyn                    |                         | 
|                                              |                         | 
+----------------------------------------------+-------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 TSTKGGGDLRDGLZG 
 

Mkm Group (LSE:MKM)
Historical Stock Chart
From Apr 2024 to May 2024

Mkm Group (LSE:MKM)
Historical Stock Chart
From May 2023 to May 2024