LONDON (ShareCast) - The share price of AIM-listed firm Immedia surged on Wednesday after the company said that results for 2013 would be ahead of forecasts.

Immedia, which provides music strategies and marketing services for businesses in retail, banking, leisure and hospitality, said that it had a strong fourth quarter last year, helped by advertising and production activities and audio equipment supplies in the lead up to Christmas.

“As a result turnover for the year to December 31st 2013 will be slightly ahead of market expectations.”

The strong results, along with cost-cutting measures and a restructuring undertaken last year, mean that profits will also be ahead of estimates.

The company said that the board remains “cautiously optimistic” about the outlook for 2014.

The stock was up 16.5% at 15.88p in afternoon trade.

BC

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