News

Independent Media oozing with confidence

01 November 2007 12:14:00

Shares in digital ad specialist Independent Media pushed ahead as it predicted results this year will come in well ahead of market expectations, with 2008 also expected to be very strong.

Since the interim results, IMD has out-performed by achieving higher than anticipated sales in the UK and Eire, it said in a statement.

Sales in the first four months of the second half are 62% ahead of the same period last year, IMD added. Excluding the contribution from Optimad, acquired December 2006, underlying year on year sales increased by 30% during the same period.

IMD has gained market share in the UK, winning two significant TV clients from its major competitor while operating costs have been below expectations as the expense of building its business in Germany has come in lower than expected.

IMD distributes the majority of all the TV and Radio ads aired across the UK. Over 85% by value of all TV ads aired are also administered by the group, through its proprietary system - CARIATM.

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.