11th Aug 2008 07:00
Next Fifteen Communications Group plc Pre-Close Trading Update 11th August 2008 Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), theinternational public relations consultancy group is issuing a pre-close tradingupdate ahead of its preliminary results for the year ended 31 July 2008. Next Fifteen is pleased to report that it is trading in line with expectationsand again expects to announce strong revenues, profits and cash flows in itsfull-year results on 14 October 2008. Next Fifteen expects to see further revenue growth in the coming year from itsexisting businesses. Margins should also continue to improve as the benefits ofscale and operational improvements carried out by the Group flow through. TheGroup will bear higher than expected interest and currency charges due tocontracts previously taken out that are now out of range, if the significantreductions in US interest rates and the strength of the Euro over the last sixmonths continue into the coming financial year. The Group continues to add significant new clients such as Sybase, Autodesk,Lawson and ShopStyle. It has also extended relationships with a number ofexisting clients during the last quarter including AMD, Symantec, Ubisoft andAliph. Will Whitehorn, Chairman of Next Fifteen, said: "The markets for technology and consumer public relations consultancy servicesremain robust. As a result, the Group is cautiously optimistic that solid growthwill continue into the coming year as our reputation for work in bothtraditional and social media continues to attract corporate clients who wish tofocus their marketing budgets on consumers and opinion formers by combining bothonline and offline media effectively." \* TEnquiries: Next Fifteen--------------------------------Tim Dyson, Chief Executive 001 415 350 2801David Dewhurst, Finance Director 07974 161183 Inferno Communications--------------------------------Paul Mackender Matt Stewart+44 (0)20 8735 9752 +44 (0)20 8735 [email protected] [email protected] Landsbanki Securities (UK)--------------------------------Fred Walsh+44 (0)20 7426 9000\* T Copyright Business Wire 2008Related Shares:
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