Be Heard says full year will be in line with market expectations
By Michele Maatouk
Date: Monday 14 Jan 2019
(Sharecast News) - Digital marketing services group Be Heard said on Monday that its full-year performance will be in line with market expectations following a "marked" improvement in adjusted earnings in the second half of the year.
In an update ahead of its results for the year to the end of December 2018, the company said trading in the second half and for the full year was in line with the board's expectations.
Non-executive chairman David Morrison said: "Given the difficult start to the year and the management changes announced hitherto, I am particularly pleased to report a satisfactory performance in the second half.
"The new management team, led by Simon Pyper (CEO) and Ben Rudman (COO) has brought a clear and decisive approach to the running of the business, with a focus on cost control and managing to realistic targets. There is still much to do, but the team has, in a relatively short period of time, made good and demonstrable progress across a number of areas."
Morrison said the company has set itself operational and financial objectives based on modest revenue growth and tight cost control.
"Given the financial constraints within the business and the somewhat, turbulent political and economic climate, we are as well placed as we can be as we start the new financial year," he said.
At 1005 GMT, the shares were flat at 1.22p.
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