19th Apr 2006 07:01
themutual.net PLC19 April 2006 19 April 2006 themutual.net plc Trading Update themutual.net plc ("TMN" or the "Group"), the UK's leading online directmarketing company, is pleased to announce a positive update on trading for thefinancial year to 30 April 2006. Following the two significant acquisitions made towards the end of 2005, theCompany has completed the integration of these businesses and is now structuredin three core divisions focusing on Online Direct Marketing Solutions: TMN Media - Online direct marketing and rewarded shopping portals.EDR - Interactive advertising agencyID Factor - Online market research and fieldwork All three divisions are benefiting from a number of strong Group synergies andare operating in the rapidly growing online shopping and advertising sector. Following the positive outlook reported earlier, trading has remained strong. Asa result, turnover for the financial year ending 30 April 2006 is likely to besignificantly ahead of market expectations with profitability also strong. Mark Smith, CEO, commented: "We are absolutely delighted to provide our shareholders with this positiveupdate. The acquisitions of EDR and ID Factor and the resulting synergies havetransformed our business, with all three divisions of TMN performing aboveexpectations and the Agency division (EDR) being particularly strong. We areoperating in a rapidly expanding market and look forward to TMN continuing todeliver strong results." The Group also announces the appointment of Investec Investment Banking as itsnominated adviser and broker with immediate effect. The Group expects to report its results to 30 April 2006 at the end of June2006. Contacts: themutual.net plc 0207 440 9312Mark SmithPeter Coveney Investec Investment Banking 0207 597 5000Erik AndersonAndrew Craig This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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