Retail / Leisure – tough trading conditions not affecting music, messaging and AV
Adrian J Cotterill, Editor-in-Chief
Derek Mapp the chairman of Imagesound made some up beat comments yesterday about the tough trading conditions in the UK at the moment (he must have meant Retail / Leisure because Hotel / Hospitality seems to be okay at present)
“Whilst some of our clients are experiencing tough trading conditions, this is not impacting their recognition of the need for managing and developing their retail and leisure offer through music, messaging and AV”
That is nice to hear for the UK signage industry in general.
Imagesound – who still get exclusively described as an “In-store music provider” – someone their needs to read Guy Kawasaki’s book “The Art of The Start” (or his blog) – especially the section on having a ‘mantra’ – narrowed first-half pre-tax losses and said it is on track to meet full-year expectations.
Pre-tax losses came to £556,000 for the six month to 30 June compared to £621,000 last time on revenue slightly lower at £3.5m against £3.9m previously.
“Imagesound is in a strong position to capitalise on this continuing trend and well placed to take advantage of opportunities for further growth through acquisition – both in the UK and overseas” Derek Mapp also said.
Imagesound have some big signage announcements in the offing too, so I think the next 6 months will be very good for them.