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Sparks commentary

TMT

Sparks

SpaceandPeople (LSE: SAL) – Strong promotions rebound
Published by Fiona Orford-Williams

SpaceandPeople has seen a strong rebound in first half revenues, narrowing the group’s operating loss. The UK promotional market was quiet in the first quarter and then came back quickly in Q2 as brands looked to a broader range of options to drive engagement. The group has also been innovative in its kiosks business, with new formats making it easier for potential operators to experiment on a low-risk basis and increasing the potential revenue stream for mall operators. The important news for SpaceandPeople, though, is the post-period-end news of the extension of its contract with Network Rail for another five years for running promotional activity on station concourses, and the adding of Southeastern train stations.

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