Adwalker turnover increases 400%

ADWALKER, the electronic advertising sandwich board company, has reported higher turnover and narrowing losses for the year to end February.

Adwalker, which is listed on London’s Alternative Investment Market (AIM), also said that turnover since the year end has increased by nearly 400%.

The company said turnover in the year to end February was €627,439 compared to just €152,277 in the 20 months to February 2005. Adwalker said the jump came from a number of new clients using its products, which can also be used as point of sale devices as well as advertising.

The company counts the likes of British Airports Authority, 02 and Heineken among its clients.

Adwalker said that since the year end in February turnover in the five months to end July was 382% more than in the same period last year at €713,843.

Pre-tax losses for the year, despite increase investment in its product and opening officer in the US and Britain, fell from €3.1 million to €2.8m.

The company says it now has 330 clients using its Adwalker screens and that a number of major deals were signed during the year.

These included an agreement with the British Airports Authority to have the Adwalker screens used in its airports, which include Heathrow, Stansted and Gatwick.