16th Jul 2021 10:20
Jaywing PLC - data-driven advertising and marketing agency based in Sheffield, England - Wins three-year contract with Skipton Building Society as a marketing partner. Expects contract to generate up to GBP3 million over the contract period. Says it will provide Skipton with a TV, digital, print and social media marketing strategy. Skipton has 88 building society branches in the UK, providing its services to 1 million customers. Jaywing Chief Executive Andrew Fryatt says: "We're excited to use [our] digital and data capabilities to develop a strong brand strategy, as well as executing that creatively across all channels."
For its financial year ended that ended March 31, Jaywing posted a pretax loss of GBP9.4 million, considerably widened from the GBP1.1 million loss recorded the year before. This was as revenue fell 20% to GBP29.7 million from GBP35.6 million as a result of "difficult market conditions".
Current stock price: 10.95 pence, down 4.8% on Friday
Year-to-date change: up 75%
By Scarlett Butler; [email protected]
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