9th Nov 2007 07:01
Delling Group PLC09 November 2007 For Release 7:00 am 9 November 2007 DELLING GROUP PLC (DLG.L) The AIM-listed marketing support services group In-fill Acquisition Delling Group PLC ("Delling" or the "Company"), the only listed marketingsupport services group on AIM whose principal assets are in Scandinavia,announces that it has exchanged contracts to take over the customers and staffof the privately owned Swedish exhibition company Hennix Expo I Stockholm AB("Hennix"), for a cash consideration of approximately £185,000, to be paid inthree equal instalments during November and December 2007. In 2006 Hennix had an audited turnover of £1.6 million and reported a pre-taxprofit of £100,000. Delling is only taking the staff and customers of Hennix,who will be integrated into Delling Expo, and not the fixed cost base. Thereforethe contribution to the pre-tax profits of Delling is expected to exceed£100,000 per annum. The Directors consider Hennix's customer base to be strong and it features anumber of blue chip companies in Sweden. The Directors believe that there isconsiderable potential for the further development by Delling Expo of the Hennixcustomer base. Commenting, Geir Lolleng, CEO, Delling Group, said: "This deal fits well into our business and should have a positive impact on ourrevenues and earnings going forward. With our current main focus on improvingmargins, we will only consider small in-fill acquisitions which contributeimmediately to improved margins and the further reduction of cost. As I havementioned previously, I strongly believe that our programme to reduce costs willimpact substantially as we move forward." For further information please contact: Contact: Delling Group PlcGeir Lolleng, CEO Tel: +46765276024www.dellinggroup.com Adventis Financial PRTarquin Edwards Tel: 020 7034 4758/020 7034 4760 Nabarro Wells & Co Limited - Nominated AdvisorHugh Oram Tel: 020 7710 7400 City Capital Corporation Limited - BrokerDavid Kent Tel: 020 7583 5800 Notes to Editors Delling Group is a leading supplier of marketing support services for marketingand communication departments throughout The Nordic countries. Delling manages all fields of graphic support in many different forms andformats including trade fairs, exhibitions and interactive digital solutions forthe web, mobile telephone marketing solutions, motion media for flat screens,plasma or LCD. It also supplies IT solutions which support and increase the efficiency of bothmarketing and information departments. However, its major strength is that theGroup can deliver complete turnkey solutions, tailor-made for its customers'every need. Delling also offers outsourcing solutions that can substantiallysave costs and improve efficiency. The Group's major activities are today concentrated in the Norwegian and Swedishmarkets, however, it is quickly expanding into other Nordic areas, as well ashaving customers and production facilities in Eastern Europe. It also has wellrespected suppliers as far a field as China and Thailand. Delling Group has today 130 employees. It is rapidly developing its organisationby focusing on supplying its customers with the quality they demand, deliveredon time at the right price. Central to its philosophy lies the fact that itscustomers will obtain greater effects and efficiency for every pound they investin marketing and information. The Group has strong growth, both through furtherdevelopment of existing clients and establishment of many new relationships,together with acquiring companies that enhance and further develop our businessconcept. Delling's goal is within the course of the next two years, through bothsatisfied customers and recommendations, to be the largest and most profitablecompany in the field of marketing support services within the Nordic countries,and a significant player within Eastern Europe. In October 2004 it was the firstScandinavian business to be listed on the Alternative Investment Market, theLondon Stock Exchange's international market for smaller growing companies. Thishas given Delling the access it needs to capital funds needed to maintain andstrengthen the further development of the Group. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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