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May 22, 2015 11:00 PM ET


Company Overview of Avesco Group plc

Company Overview

Avesco Group plc, together with its subsidiaries, provides various media services worldwide. The company operates in three segments: Creative Technology, Full Service, and Broadcast Services. The Creative Technology segment offers specialist audiovisual services and equipment to the live events, broadcast, and entertainment markets. The Full Service segment provides technical support services for conferences, sports, music, corporate events, and television programs. The Broadcast Services segment supplies broadcast equipment, systems, services, and television studio facilities to the broadcast industry. Avesco Group plc also offers broadcast equipment hire, repair, and maintenance services. ...

Sussex Manor Business Park

Unit E2

Gatwick Road

Crawley,  RH10 9NH

United Kingdom

Founded in 1984

705 Employees


44 12 9358 3400


44 12 9358 3410

Key Executives for Avesco Group plc

Founder, Executive Chairman, Chairman of Audit Committee and Chairman of Remuneration Committee
Age: 63
Total Annual Compensation: $120.0K
Finance Director and Director
Age: 59
Total Annual Compensation: $304.0K
Executive Director
Age: 54
Total Annual Compensation: $538.0K
Executive Director
Age: 52
Total Annual Compensation: $282.0K
Compensation as of Fiscal Year 2014.

Avesco Group plc Key Developments

Avesco Group plc Reports Consolidated Earnings Results for the Year Ended September 30, 2014; Proposes Final Dividend for 2014, Payable on 8 April 2015

Avesco Group plc reported consolidated earnings results for the year ended September 30, 2014. For the year, the company reported revenue of £126,391,000 compared to revenue of £124,033,000 for the same period a year ago. Operating profit was £868,000 compared to operating loss of £8,350,000 last year. Loss before income tax was £430,000 compared to £9,879,000 last year. Loss was £1,548,000 or 7.2 pence per diluted share compared to profit of £35,106,000 or 136.2 pence per diluted share last year. Trading profit was £6,253,000 compared to £511,000 last year. Trading profit after net finance costs was £4,955,000 compared to trading loss after net finance costs of £1,018,000 last year. Trading profit after net finance costs and current tax expense was £4,955,000 compared to trading loss after net finance costs and current tax expense of £452,000 last year. Trading EBITDA was £24,968,000 compared to £18,561,000 last year. Adjusted diluted earnings per share were 23.4 pence compared to adjusted diluted loss per share of 1.8 pence last year. Net cash generated from operating activities was £15,147,000 compared to £65,759,000 last year. Purchases of property, plant and equipment and software were £23,492,000 compared to £16,403,000 last year. The board of the company announced that it also proposes to increase the final dividend to 4.5 pence per share compared to 4.0 pence per share in 2013, making a total dividend for the year of 6.0 pence per share compared to 5.0 pence per share in 2013. Subject to shareholder approval, the proposed dividend is expected to be paid on 8 April 2015 to shareholders on the register at the close of business on 13 March 2015.

Avesco Group plc, Annual General Meeting, Mar 05, 2015

Avesco Group plc, Annual General Meeting, Mar 05, 2015., at 10:00 GMT Standard Time. Location: Unit E2, Sussex Manor Business Park.

Avesco Group plc Provides Earnings Guidance for the Year Ended September 30, 2014

Avesco Group plc's directors anticipate that operating profits and trading profits (being operating profits excluding the impact of non-recurring restructuring costs), before and after net finance costs, for the year ended 30 September 2014, will be ahead of current expectations.

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