Mediazest PLC (AIM:MDZ), the audio-vision solutions provider, said it expects revenues to be boosted in both the short and medium term thanks to it winning a new contract with a large automotive client.
As per the new contract, the AIM-listed group will provide the global customer with digital signage across several of its sites in an EU country.
When added together with other new orders this year, sales from the deal are expected to provide an additional £500,000 in revenues.
First-half underlying earnings are expected to grow year-on-year too.
Geoff Robertson, the group’s chief executive, said: “We are delighted to announce a follow-on contract with a large global automotive client following the success of earlier projects.
“This contract demonstrates our focus on generating future recurring revenue streams to build value in the business. The pipeline across the business continues to grow with further contract confirmations expected before the financial year end.”