Growth Continues in British Billboard Sector, Reports Maiden

24 May 2001

Maiden Group, the UK’s second largest outdoor media owner [after US-owned Clear Channel], yesterday reported half-year revenue growth up by 9%-10% thanks to a continued surge in adspend from Q1 onward.

Looking ahead, Maiden predicts that advertising levels for July and August will exceed those of May/June. It also expects medium-term revenue growth to maintain its double digit growth.

But there was no satisfying the entrail-rakers despite the bullish forecast and Maiden shares dipped by 2.5p to £4.725.

News source: CampaignLive (UK)