Elevate sees indoor advertising revenues fall 5 percent, less than market drop

Elevate posted a EUR 235,000 turnover in the first nine months of the year, down 5 percent on the first nine months of last year, although in the first quarter of 2009 the company was expecting a similar turnover to last year’s, which was the optimistic scenario.

The firm has signed several new contracts this year, but has felt the withdrawal of the large advertisers of 2008, such as real estate companies, as well as the chain reaction of shrinking investments. Also, the beginning of the autumn period and its seasonal growth curve came later than in previous years, according to Elevate.

Restul articolului pe Business Review, 07 decembrie 2009

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