Contract Wins & Investor Presentation
Brave Bison wins or renews three contracts worth approximately £4m, including 24-month extension with existing customer.
vs expectations: in line
- New contract wins and renewals c.£4m
- Performance contract renewal (electricals retailer) c.£2m over 24 months
- Commerce contract (Finnish homeware retailer) c.£1m across FY23 and FY24
- Commerce contract (Dutch car parts retailer) c.£1m across FY23 and FY24
- Current-year market expectations Adjusted PBT £3.1m
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Contract Wins
Investor Presentation
Brave Bison, the digital advertising and technology services company, is pleased to confirm c.£4m in new contract wins and renewals:
- Brave Bison Performance has renewed terms with a national electricals retailer for a further 24 months, expected to be worth c.£2m over the duration of the contract
- Brave Bison Commerce has signed a contract with a Finnish homeware retailer, expected to be worth c.£1m across FY23 and FY24
- Brave Bison Commerce has signed a contract with a Dutch car parts retailer, expected to be worth c.£1m across FY23 and FY24
The successful onboarding of two new customers and a 24-month extension with an existing customer provide the Board with further certainty that Brave Bison will meet current-year market expectations of £3.1 million Adjusted Profit Before Tax, and of delivering on market expectations for growth into FY24.
Oliver Green, Chairman, commented:
"Trading conditions have improved noticeably since the lull in Q2, and we are pleased to see Brave Bison's differentiated proposition attracting the right kind of customer. All the contracts announced today are enterprise accounts with each customer generating revenues of between $1bn and $10bn+, and we expect further growth in this area into FY24"
Investor Presentation
Brave Bison will be presenting at the MelloLondon investor conference on Wednesday 29 November 2023, to be held at the Clayton Hotel Chiswick, Chiswick High Road, London, W4 5RY. For information and tickets please visit the event website: https://melloevents.com/mltickets/.
Brave Bison Group plc
Oliver Green, Chairman via Cavendish
Theo Green, Chief Growth Officer
Philippa Norridge, Chief Financial Officer
Cavendish Capital Markets Limited +44 (0)20 7397 8900
Nominated Adviser & Broker
Ben Jeynes / Dan Hodkinson - Corporate Finance
Michael Johnson / Tim Redfern - Sales & ECM
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.