Hargreaves Lansdown

MediaZest reports continued robust trading

Thu 28 March 2024 15:53 | A A A

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(Sharecast News) - Audio-visual specialist MediaZest said in an update on Thursday that, as explained in its full-year results earlier this month, it had seen a significant increase in activity during the final quarter of the last financial year ended 30 September.

The AIM-traded firm, which was holding tis annual general meeting, noted ongoing long-term project rollouts with existing customers continuing into the new financial year, along with the confirmation of new projects with Pets at Home and Lululemon in the UK.

Additionally, MediaZest completed its first LED installation for Arc'Teryx at its London flagship store and secured further orders with a large global automotive client in Europe.

The board said market demand and pitch opportunities from potential new clients across the company's core sectors - retail, automotive, and corporate offices - had seen a noticeable rise in the first half of the current financial year.

That uptick in demand augured well for the company's performance across the 2024 financial year as a whole.

"The board is confident in MediaZest's ability to deliver year-on-year growth, alongside targeting a return to profitability, and remains positive about the group's future potential," MediaZest said in its statement.

At 1227 GMT, shares in MediaZest were up 20% at 0.08p.

Reporting by Josh White for Sharecast.com.

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