• Most Popular
  • Most Shared

Zamano PLC - Trading Statement

Wed Feb 13, 2008 2:00am EST
 
RNS Number:8508N
Zamano PLC
13 February 2008


                                    zamano plc

                                  Trading Update

zamano Plc, ('zamano' or 'the Group') (AIM:ZMNO, IEX: ZAZ), a leading provider
of digital entertainment to mobile  devices, today issues the following trading
update for the year ended 31st December 2007

The Group is pleased to announce that it expects EBITDA for the year ended 31
December 2007 to be at least €3.4m which  is at the top end of analyst
expectations.  This reflects a doubling of zamano's annual revenue in 2007,
while  delivering substantial EBITDA growth

zamano completed the transformational acquisition of Red Circle Technologies in
December 2007 and the integration is  proceeding well.  This transaction
followed the successful acquisition of Eirborne in April 2007 which is now fully
integrated and driving growth in the online business.

These two acquisitions are in line with the Group's strategy of balancing strong
organic growth with strategic  acquisitions, maintaining a hybrid B2B:B2C
business model and continuing to invest in technology.

Trading in 2008 is in line with expectations and the Group is looking forward to
another year of high margin revenue  growth.  zamano expects to publish final
results for 2007 on April 8th and will provide a further update on H1 2008 
trading at that point.


Contacts:

zamano
John O'Shea (Managing Director)                    +353 1 488 5830
Colm Saunders (Finance Director)                   +353 1 511 1224
                                                   www.zamano.com

NCB Corporate Finance
Conor McCarthy                                     +353 1 611 5100
                                                   www.ncb.ie

Seymour Pierce
David Newton                                       +44 207 107 8000    
                                                   www.seymourpierce.com

Edelman
Rebecca Penney (London)                            +44 207 344 1577
Mark Cahalane/ Joe Carmody (Dublin)                +353 1 678 9333
                                                   www.edelman.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
TSTFGGMZKZFGRZM



More from Reuters

Photo

Obama says U.S. will pursue plane attackers

KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane, and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video

» More Top News
Passengers pass security notices as they approach the departure gates at Gatwick Airport, in southern England December 28, 2009. REUTERS/Luke MacGregor

Travelers met with hassles

The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect.  Full Article | Video 

U.S.
Iranian protesters take a policeman away to a safe place after he was beaten by angry protesters during fierce clashes in central Tehran December 27, 2009. Credit: REUTERS/Stringer

Deaths, arrests in Iran

Is Iran's "iron fist of brutality" a new volatile phase aimed at crushing the refomist movement?  Full Article | Video 

World