OMA New Zealand reports 0.7% growth in member revenue in Q2 2014

The Outdoor Media Association of NZ (OMANZ) has stated in its release that the growth of member revenue continues with Q2 2014 reaching $16,724,325, up 0.7% on the corresponding period of the previous year. When added to the 2.3% growth posted for Q1 2014, the half year results show total revenue up year-on-year.

Adam McGregor, General Manager of OMANZ said, “Our members are pleased to have maintained growth in OOH revenue for the first half of 2014. 2013 was a busy year for the industry with several initiatives from our members that really started to change the game and have certainly helped fuel the continued upward trend.

OMANZ is a not-for-profit, professional, cohesive industry body representing key outdoor media display companies who collectively contribute around 88% of total out of home advertising industry revenue. OMANZ’s key focus is to educate and raise awareness of the role of out of home media within the community, to build and sustain relations with its key stakeholders, to develop best practice industry standards and to provide services to its members.