Aeorema Communications (AEO)

Sector:

Media

Index:

FTSE AIM All-Share

59.67p
   
  • Change Today:
    -0.83p
  • 52 Week High: 107.50p
  • 52 Week Low: 54.50p
  • Currency: UK Pounds
  • Shares Issued: 9.54m
  • Volume: 0
  • Market Cap: £5.69m

Live events return underpins 'strongest ever' year for Aeorema

By Josh White

Date: Wednesday 13 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Live events agency Aeorema Communications reported its "strongest year on record" in an update on Wednesday, with trading throughout the year just ended ahead of its own expectations.
The AIM-traded firm reported a 130% increase in revenue in the 12 months ended 30 June, with revenue expected to come in no lower than £11.8m.

It also flagged record profitability, with expected profit before tax set to be at least £0.7, swinging from a loss of £0.16m in the 2021 financial year.

The board said the return and ongoing increase in live events was behind the growth, including the Cannes Lions, where Aeorema had its largest-ever presence.

Virtual and hybrid events were continuing to be a source of revenue as well, however.

Aeorema said it was in a "strong" cash position in excess of £1.65m at year-end on 30 June.

"I am delighted to be reporting our best financial performance in the history of the company, demonstrating the success of the shift in strategy over the last two years," said chief executive officer Steve Quah.

"This is because despite facing headwinds with the Omicron variant of Covid-19, which was a major disruption in the middle of our financial year, we have once again shown incredible spirit and talent to help our clients navigate another challenging period and deliver some of our best work ever.

"We continue to support our clients to help them achieve their strategic and communications objectives, and I am very proud that we are also being recognised for our work; to win Creative Team of the Year at the Conference News Agency Awards four years running is astonishing, and to recently win Best Agency in the Micebook V Awards is both humbling and had brought an incredible feeling of pride for the agency."

At 1243 BST, shares in Aeorema Communications were up 36.27% at 74.95p.

Reporting by Josh White at Sharecast.com.

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AEO Market Data

Currency UK Pounds
Share Price 59.67p
Change Today -0.83p
% Change -1.38 %
52 Week High 107.50p
52 Week Low 54.50p
Volume 0
Shares Issued 9.54m
Market Cap £5.69m

AEO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.85% below the market average35.85% below the market average35.85% below the market average35.85% below the market average35.85% below the market average
20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average
Price Trend
43.99% below the market average43.99% below the market average43.99% below the market average43.99% below the market average43.99% below the market average
23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average23.4% below the sector average
Income
54.97% above the market average54.97% above the market average54.97% above the market average54.97% above the market average54.97% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Growth
42.31% above the market average42.31% above the market average42.31% above the market average42.31% above the market average42.31% above the market average
36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average

AEO Dividends

  Latest Previous
  Final Final
Ex-Div 21-Dec-23 22-Dec-22
Paid 19-Jan-24 20-Jan-23
Amount 3.00p 2.00p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

AEO Key Personnel

CEO Steven Quah

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