13th Dec 2021 07:00
Next Fifteen Communications Group plc (“Next 15” or the “Group”)
Trading Update
Broad-based growth across segments drives fourth upgrade this year
Highlights
Strong revenue growth in Q3: 38% year-on-year, with 26% organic growth34% year-on-year revenue growth in first nine months with 24% organic growthVery encouraging performances across all segments and geographiesStrong performance continuing into Q4Results for the year to January 2022 expected to be ahead of management expectationsNext 15, (AIM:NFC), the tech and data-driven growth consultancy, is pleased to announce that trading has continued to be strong and ahead of management expectations, helped by the strength of the US dollar.
For the three-month period to 31 October 2021, the Group’s total revenues were up by approximately 38% compared with the same period last year, with organic revenue growth of 26%. This resulted in revenues for the nine months to 31 October 2021 being up 34% in total, with organic revenue growth of 24%. This strong performance has continued into our fourth quarter and is driving results ahead of market expectations.
The performance has been strong across all four areas of the Group, with each segment showing organic revenue growth of at least 15% in the first nine months of our financial year. Customer Delivery and Business Transformation have continued to be the fastest growing segments, whilst Customer Insight and Customer Engagement segments have shown a welcome recovery from Covid impacted performances in the prior year.
Tim Dyson, Next 15’s Chief Executive Officer said “We’re delighted to see such a strong performance across the group and take it as further confirmation that we have assembled an impressive array of specialists. Our strong revenue momentum is testament to demand for our wide range of growth-enhancing services at a time of challenge and disruption across industries. It remains our priority to accelerate investment in talent and product development to continue to innovate for clients and drive longer term growth.”
Enquiries:
Next Fifteen Communications Group plcTim Dyson, CEO+1 415 350 2801Peter Harris, CFO+44 (0)20 7908 6444
NumisMark Lander, Hugo Rubinstein+44 (0)20 7260 1000
BerenbergBen Wright, Mark Whitmore+44 (0)20 3207 7800
PowerscourtElly Williamson+44 (0)7970 246 725/Sabine Pirone+44 (0)7809 526834
About Next 15
Next 15 (AIM:NFC) is an AIM-listed tech and data-driven growth consultancy with operations in Europe, North America and across Asia Pacific. The Group has a strong track record of creating and acquiring high-performance businesses. For acquired businesses it offers an opportunity to take advantage of the Group’s global operational infrastructure and centralized resources to accelerate their growth. The Group has long-term customer relationships with many of the world’s leading companies including Google, Amazon, Facebook, Microsoft, IBM, American Express and Procter & Gamble.
The business operates across four segments, each of which describes how we help customers grow in different ways: Customer Insight helps them understand their opportunities and challenges; Customer Engagement optimises their reputation and digital assets; Customer Delivery helps them connect with customers to drive sales; and Business Transformation helps maximize long-term value through corporate positioning, business design and the development of new ventures.
At Next 15, success is underpinned by a people-led approach. Our purpose is to make our customers and our people the best versions of themselves, and our culture is empowering and respectful. We are seeking B Corp status as externally audited recognition of our commitment to our people and the planet alongside performance.
Our goal is to deliver above-market growth. Our revenues have grown by 106% over the last five years and we are aiming to double the size of the business in the next five years. This will be driven by the quality of the businesses, the strength of our customer relationships, the support our model gives them, and strong tech, data and digital tailwinds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211212005061/en/
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