LONDON (ShareCast) - (ShareCast News) - Live events agency Aeorema Communications posted a trading update on Monday, claiming that, as outlined in its full year results in October, the trading environment in the event sector was challenging with uncertainty causing customers to be more reserved in their event planning budgets.
The AIM-traded company noted that the next six months could be "rocky", though it said trading during the first six months of the year was in line with management expectations and it remained in a strong cash position.

"However, it is now evident that market volatility is affecting client spending plans and certain contracts have already either been postponed or cancelled," the board said in a statement.

"As a result, the board of the company now believes that trading during the second six months of the year will be below anticipated levels."

Aeorema said it has a strong market reputation in the delivery of creative and differentiated live events, incorporating both screen content and video.

"Given the skill sets within the company and its market reputation, the board believes that notwithstanding the short term challenges the company is facing, its long-term strategy for the company will see Aeorema prosper."

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