#Dmg crs full

'In the second half, we plan to accelerate our stated strategic vision to align ourselves, through innovation, with the interests of the artists as well as consumers of their music. However, the pace of closing deals is dependent on our clients completing their licensing deals with labels and in some instances we have found this is taking longer than we had hoped. It is also in advanced discussions over a banking facility, which are expected to conclude shortly.Ĭhief executive Paul Langworthy, said: 'We are currently in advanced negotiations with multiple new customers representing significant revenue. It hopes some of the contracts, which represent significant revenue, will be signed in the near future.

#Dmg crs full

So full year revenues will be slightly below expectations and it will not achieve positive earnings this year. The company signed long-term contracts with seven new licensing customers during the period, and a further two since then, as it continued its strategic expansion in its key growth markets of fitness and wellness, social media and artist monetisation.īut some contracts the company had expected to sign in the second half have been delayed until the first half of next year. Half year revenues rose 6% to £3.3mln but its operating loss increased from £1mln to £1.9mln. Music platform 7Digital Group PLC ( AIM:7DIG) is out of tune after its latest update. This strong performance, combined with the post balance sheet date sale of All Seasons Hire, has allowed us to reduce leverage to around 1.0x, well below our 2.0x target, completing the final element of the strategic plan set out in 2017: to Delever the Group, Transform the Tool Hire business and Strengthen our Commercial proposition.' 14.14pm: 7Digital strikes a bum note after contract delays hit results We started the year with strong momentum and trading continued to improve over the period, with second quarter revenues at 102% of 2019 levels, EBITDA and EBITA margins up and ROCE at a record level. Steve Ashmore, chief executive officer, said: 'The first half of 2021 has been one of significant progress and I am very pleased with what we have accomplished. It has also reduced its debt with the sale of heating, ventilation and air-conditioning business All Seasons Hire to Cross Rental Services ('CRS') for £55mln in cash.

In the current three months revenue and earnings are above management forecasts. The tool hire business climbed 10.2% or 1.89p to 19.39p as half year revenues rose 22% to £150.5mln and earnings jumped 37.2% to £38.3mln. HSS Hire Group PLC ( AIM:HSS) has seen its shares power up after saying full year results would be ahead of current market expectations.