MDZ.L

MediaZest Plc
MediaZest Plc - Trading Update
13th May 2024, 06:00
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13 May 2024

MediaZest Plc

("MediaZest", the "Company", or the "Group")

Trading Update

Positive H1 performance confirmed

Strong momentum continues into H2 with further contract wins

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider, provides
an update to shareholders on a positive trading performance for the six months
ended 31 March 2024, and continued strong trading momentum going into the second
half of the financial year ended 30 September 2024.

Trading for the six months ended 31 March 2024 has been encouraging. In line
with the positive outlook confirmed in the Company's Full Year
Results (https://www.londonstockexchange.com/news-article/MDZ/results-for-the
-year-ended-30-september-2023/16361425) (announced on 5 March 2024), and the
update provided in the recent AGM
statement (https://www.londonstockexchange.com/news-article/MDZ/agm
-statement/16399243) (announced on 28 March 2024), long term project roll outs
with key customers have contributed to an improved first half performance. First
half revenues will show a return to year-on-year growth and the Company expects
to deliver an improved EBITDA performance for H1 2024 compared to H1 2023.
MediaZest expects to issue its Half-year Report in the last week of June 2024.

The Company also announces a strong start to the second half of the financial
year with a series of new orders in recent weeks from a wide range of customers,
including well-known brands that MediaZest has engaged with before such as
Lululemon, Pets at Home, Arc'teryx, Kuoni, Harrods, Britvic, and Castore. The
Company continues to see a notable increase in demand for audio-visual
technology, in the Retail, Automotive and Corporate Office space environments in
which MediaZest works.

New orders represent in aggregate additional revenues in excess of £350,000
relating to project work. These projects will also attract further revenues in
the form of related ongoing support and maintenance revenues which will further
contribute to the Company's growing annual run rate for recurring revenues.

As well as projects across the UK, new business wins also include installations
in the Netherlands, Germany and France, several of which are expected to be
delivered in June 2024 and the pipeline of potential new project work in Europe
continues to expand.

In addition to delivering new projects with existing clients, the Group is in
advanced discussions with a number of well-known UK or Europe-wide brands which
would represent new clients to MediaZest and a considerable opportunity for
future growth. The Company has already confirmed proof of concept tests for two
major brands in the UK and expects to conclude a multiple installation agreement
across a number of sites in Europe ahead of the summer.

Geoff Robertson, Group Chief Executive, commented: "In addition to the new
business wins already achieved this year, we are currently in final negotiations
on a number of projects which, if successful, will lead to significant contract
confirmations before the year end. We continue to grow recurring revenue streams
and add new clients to our roster, and remain positive about the Group's future
potential. We have bolstered our sales and marketing team internally as we build
value in the business for the coming years."

For further information please contact:

MediaZest Plc                           www.mediazest.com
Geoff Robertson,                          via Walbrook PR
Chief Executive
Officer

SP Angel Corporate               Tel: +44 (0)20 3470 0470
Finance LLP (Nomad)
David Hignell/Adam
Cowl

Hybridan LLP                     Tel: +44 (0)20 3764 2341
(Corporate Broker)
Claire Noyce

Walbrook PR (Media &             Tel: +44 (0)20 7933 8780
Investor Relations)                                    or
                                 mediazest@walbrookpr.com
Paul McManus /             Mob: +44 (0)7980 541 893 / +44
Charlotte Edgar /       (0)7884 664 686 / +44 (0)7407 804
Alice Woodings                                        654

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual systems integrator that specialises in
providing innovative marketing solutions to leading retailers, brand owners and
corporations, but also works in the public sector in both the NHS and Education
markets. The Group supplies an integrated service from content creation and
system design to installation, technical support, and maintenance. MediaZest was
admitted to the London Stock Exchange's AIM market in February 2005.

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