24th Aug 2021 11:43
(Alliance News) - MediaZest PLC on Tuesday said it is experiencing strong demand in all sectors in which it operates, with the outlook beyond September looking "encouraging".
Shares in the audio visual services firm shot up 9.2% on Tuesday morning in London to reach 0.07 pence.
New project wins within the retail, automotive, corporate office space and education sectors had led to a notable improvement in the company's performance during the second half of the financial year.
Recurring revenue contracts continued to be robust, MediaZest said, with several renewals and new contracts signed in the past four to five months providing "greater visibility" for ongoing revenue across the next three years and potentially beyond.
"Across all sectors, the number of projects coming from established clients and the levels of renewal and growth of recurring revenue contracts are both encouraging and show the results of steadily building the business and client base in recent years," said Chief Executive Geoff Robertson.
MediaZest pointed to the corporate sector as a specific growth area, as businesses adapt offices with new technology in order to safely accommodate the return of staff.
By Will Paige; [email protected]
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