MediaZest incorporates new EU subsidiary

The AIM-traded firm said the subsidiary would help it to deliver services more efficiently to its EU clients, building on increased traction and recently-completed projects.

It said that over recent years, it had carried out “significant” client work in Germany, Italy, Spain, France, Sweden and the Netherlands, among other EU countries.

That included audio-visual work for the new Lululemon flagship on the Champs Elysees in Paris, which opened in December, while since the start of 2023 projects in the region had already included work in Slovakia.

Further afield, the group noted that it had already completed work this month in the United States.

“Following the incorporation of the European subsidiary, the board expects to see further substantial work within EU member states in 2023, building on the strong performance in the 2022 financial year,” said chief executive officer Geoff Robertson.

MediaZest said it expected to release its financial results for the year ended 30 September in February.

At 1356 GMT, shares in MediaZest were up 8.18% at 0.06p.

Reporting by Josh White for Sharecast.com.