Trading Update

2 February 2021

SEC Newgate S.p.A.

("SEC Newgate" or the "Group")

Trading Update

SEC Newgate S.p.A., the insight-driven global strategic communications group that works at the nexus of business, politics, communities, markets and media, today provides an update on Group trading for the year ended 31 December 2020, based on year-end preliminary unaudited figures.

SEC Newgate expects to report results for the Group in line with market expectations, with consolidated total turnover of c. €65 million, consolidated Gross Profit of c. €56 million, consolidated unadjusted Operating Profit of c. €4.2 million and consolidated unadjusted Profit Before Tax of c. €3.0 million (subject to year-end adjustments). Consolidated Net Debt as at 31 December 2020 was c. €7.8 million (excluding the impact of c. €5.75 million IFRS 16 adjustments for leases).

Fiorenzo Tagliabue, Group Chief Executive, commented:

"Our first full year as SEC Newgate has ended very positively due to the huge effort made across our Group and, in particular, by our teams in Australia, the UK, Italy and Brussels. We have started the new financial year in a strong financial position and with a significant pipeline as we continue to build a diversified, dynamic group that is helping clients clearly demonstrate their purpose, value and impact locally, nationally and internationally."

Ends

Media Enquiries

Notes to Editors

· SEC Newgate's focus is on achieving positive outcomes through communications, advocacy and research, helping clients clearly demonstrate their purpose, value, and impact locally, nationally and internationally.

· Further information is available at the Group's website: www.secnewgate.com

· Further information on SEC Newgate UK is available at: www.secnewgate.co.uk 

Market Abuse Regulation (MAR) Disclosure

The information contained in this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No 596/2014. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.