SpaceandPeople PLC - Glasgow, Scotland-based promotional and short-term retail space provider - Announces a trading update for 2025, saying that profitability is in line with market expectations due to a strong margin performance. Also expects to report ‘a significant increase in revenue’ to £8.1 million from £6.7 million in 2024. Attributes this to the performance of its ’UK Brand Experience’, ’Rock Up’ and ’Pop-Up’ revenue streams, combined with ‘increased growth’ in its German Retail division. Says it has reduced bank debt to zero as of December 31, from around £800,000 one year prior. Cash totals £1.6 million, down from £1.9 million. Expects to announce 2025 results during the week starting on April 27.
Current stock price: 212.25 pence, down 3.5% on Monday afternoon in London
12-month change: more than doubled
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