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Live Company highlights ‘strong growth’ in first two months of 2020

The media company currently has 29 of its BRICKLIVE events planned for 2020, against its target of 75 for the year

Live Company Group PLC - Live Company highlights ‘strong growth’ in first two months of 2020

Live Company Group PLC (LON:LVCG) has highlighted “strong growth” in the first two months of 2020 as well as two new contracts for its BRICKLIVE events.

In a trading update for the year since mid-January, the media firm said it has secured £3.2mln in contracted revenues for the year as well as £1.1mln for 2021.

READ: Live Company agrees amendments to existing loan facility and equity sharing agreement with investors

An additional £185,000 in revenues for 2020 and £228,000 for 2021 are currently awaiting final signature.

Live Company also unveiled new contracts for BRICKLIVE shows at the Allwetter Zoo in Munster, Germany from March to July and the Bristol Zoo in the UK from July to September.

The firm said it currently has 29 BRICKLIVE events planned for 2020, against its target of 75 for the year, with more expected to be announced by its partners.

Live Company also has 18 themed tours in circulation with another three under construction.

"We are encouraged with the progress and growth the Group has made so early in 2020, we have built a healthy pipeline of contracts for the coming months which are spread over a broad number of divisions, providing us with confidence in our portfolio approach”, said Live Company chairman David Ciclitira.

He added that while the coronavirus outbreak had had a direct effect on the group's operations in China and Asia, this had already been accounted for in revenue targets and the company did not currently believe the virus will impact overall performance for the year.

“Our diversified business model allows us flexibility to focus on growth within our portfolio at the most appropriate times in the year and we remain on track to hit our financial targets for 2020", Ciclitira said.

Quick facts: Live Company Group PLC

Price: 8.75 GBX

AIM:LVCG
Market: AIM
Market Cap: £7.82 m
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