20 April 2010 – AGM statement
Following the publication of the brokerlink report on Stadium Group on 9 March when the share price was 51.5p, the company has now held its AGM at which it reported on current trading. The first quarter of the year has seen strong trading at the group, significantly ahead of the corresponding period in 2009, with both revenues and profits continuing to show substantial progress. Customer demand continues to track ahead of last year, partly due to an overall improvement in underlying market conditions, and partly due to the benefit of a number of new business wins secured in 2009. Stadium’s pipeline of new business opportunities in high growth markets where it is focusing its marketing efforts continues to build momentum and further business wins in the coming months look likely. The shares have responded well to this announcement, closing 6.5p higher at 64p.