Perform Group Q1 Revenue Climbs; Names Ashley Milton CFO - Quick Facts

(RTTNews) - Digital sports media firm Perform Group Plc (PER.L) reported Thursday that its first-quarter revenues climbed 32 percent to 56.9 million pounds from last year's 43 million pounds.

The company also announced the appointment of Ashley Milton as Chief Financial Officer. Milton is currently CFO of Group M EMEA, the Media Investment division of WPP Group PLC (WPP.L, WPPGY). Prior to joining GroupM in 2011, Ashley was Group Finance Director of Tarsus Group plc. The company said a further announcement regarding Ashley's start date will be made in due course.

In its interim management statement for the three months to March 31, Perform Group said its content distribution revenues went up 32 percent in the first quarter, attributable to new Watch & Bet Contracts and a strong contribution from Opta acquired in 2013.

Perform Group also recorded strong display advertising performance, with business well positioned for the 2014 World Cup.

The company added that its cost reduction plan is on track with benefits to come through in the second half H2 in line with guidance.

Looking ahead, Perform Group said it is on track to achieve fiscal 2014 revenue and adjusted EBITDA growth in line with board expectations.