26th Jan 2007 07:01
Adventis Group PLC26 January 2007 For release 07.00am 26 January 2007 Adventis Group Plc ("Adventis" or the "Company") Trading Statement The Board of Adventis (Adventis - ATG), the marketing services and advertisingagency, announces the following trading update for the year ended 31 December2006 ahead of the release of its preliminary results on 21 March 2007. The Board is pleased to announce that trading for the second half of the yearhas exceeded the Board's expectations, which, when added to a strong first half,makes 2006 a record breaking year and the fourth successive record year ofincreased profits for the Company. Overall, results for the year ended 31December 2006 are expected to exceed market expectations. The period underreview includes approximately eight months contribution from the acquisitions ofColtman Media Company Limited and Roundhouse Healthad, and six months from M2and the creation of Adventis Financial PR. Major client wins included the Prudential, the Quoted Property Company, BritInsurance Holding plc, Merz Pharmaceuticals and Sanofi Pasteur MSD. The totalnumber of clients serviced by group operations now exceeds 400 across itsspecialist business sectors of property, healthcare and financial services. The Group has experienced further organic growth and has continued its programmeof strategically focused bolt-on acquisitions. The Group currently employs 125people and the combination of existing work-in-progress and the earlyindications of planned client activity point to continuous strong growth in2007. The Group benefited from a significant institutional investment in 2006from Oceanwood Capital Management, Morgan Stanley and UBS, further strengtheningits cash resources to £3.5 million as at the year end. The Group has no debt andenjoys healthy cash flows, as well as generating amongst the best margins in itssector. The Group's healthcare operations continue to go from strength-to-strength andare planning to combine in one location during the first half of 2007. MeanwhileRoundhouse, which joined the Group in May 2006 has had a very successful yearand continues to grow its offering. The Group's residential property operations, PMC and M2, house-builder creativeservices specialists, have merged and added a number of new clients during thesecond half of 2006. GDO, the commercial property agency, continues to benefitfrom major long-term clients such as developers working on Birmingham's urbanregeneration project. The Group's strongest performing marketing services operation during 2006 wasits media planning and buying companies. Whilst the property specialists inparticular exceeded expectations, Adventis Coltman, which only joined the Groupin May 2006, also performed strongly in the financial services sector. Charles Phillpot, Chief Executive, said: "2006 has been a great year and our businesses continue to grow strongly. Weare making significant progress in our objective to reach the top-three marketpositions in each of our chosen specialist business sectors. The current yearhas started strongly and we look forward to another excellent year." CONTACT: Adventis Group Plcwww.adventis.co.ukCharles Phillpot, CEO 020 7034 4750Peter Linnell, Finance Director & Company Secretary 020 7034 4795 Adventis Financial PRChris Steele 020 7034 4759Peter Binns 020 7034 4760 Notes to Editors: Adventis Group is a marketing services and advertising agency. Its core areasof activity are property, healthcare, financial services and financial PR.Subsidiary companies include: Premium MediaAffinitiGDOAdventis ColtmanAdventis PRRoundhouseAdventis Financial PRPMCAdgendaAdventis NMG For fuller details see www.adventis.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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