Shopping centre advertising specialist Spaceandpeople today said its full-year results should be in line with market expectations following a strong rise in sales across Germany.
The Glasgow-based firm, works with shopping centres to rent out space for companies to advertise their products and services, said German sales rose 52 per cent to €10.1 million (£8.6m), while sales across the UK were 16 per cent higher at £21.4m.
Chief executive Matthew Bending said: “Trading throughout the second half of the year continued strongly, with revenue from existing clients increasing as well as significant new client gains such as Land Securities and Capital Shopping Centres in the UK and MEC in Germany.”
He said cash flow was positive during the year, with net cash of £391,000 at the end of December, compared with £2,000 at the end of 2011. Results for the year to 31 December are due to be published on 25 March.
