21st Nov 2019 18:34
(Alliance News) - SEC Newgate SpA on Thursday said its board has approved a three-year strategic plan which includes a return to profitability and the continuation of its acquisition plan.
The plan includes various priorities, which include a stronger balance sheet and return to profit, as well as raising the company's global visibility and reputation. Another priority is to strengthen and increase SEC Newgate's capabilities through acquisitions, especially in the US.
On top of this, international communications, advocacy and research firm SEC Newgate is planing to integrate SEC SpA and Porta Communications, which were merged to form SEC Newgate in September.
Digital transformation is also a focus, with plans to launch an AI-based platform which would operate "in all five key European languages".
SEC Newgate Chief Executive Fiorenzo Tagliabue said: "Our three-year strategic plan, which will be updated and revised annually, will be our navigation system towards securing new business and strengthening our presence globally. A new phase in our history has started and we are all committed to ensuring that each of the group's companies deliver an ever-increasing quality and range in the services they offer, coupled with improvements in revenues and profitability. Our key focus on digital transformation is reflected in the strategic plan. It will ensure SEC Newgate becomes an even more credible and innovative player in the market."
Shares in SEC Newgate closed down 2.4% at 40.00 pence in London on Thursday.
By Anna Farley; [email protected]
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