6th Sep 2012 07:00
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Trading update
Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the digital communications group, is pleased to announce a pre-close trading update for the period to 31st July 2012. The results for the financial year 2012 are due to be announced on 6th November 2012. Next Fifteen expects its profits to be in line with the board's expectations and the Group anticipates further good progress in the financial year just commenced.
During the year Next Fifteen has continued to invest in its transition to digital marketing services. This investment will continue in the current year and has already resulted in a small acquisition of UK-based social marketing agency, Content & Motion. This will become part of Beyond, Next Fifteen's pure digital marketing agency. In the last six months the Group has added several major new clients including: IFS, Spotify, Palo Alto Networks, Pinterest, Staples, Pizza Hut and Vodafone. We are pleased with this progress despite the sluggish economic conditions in many markets.
Over 50% of the Group's revenues are generated in the US and, in the financial year that has just started, we believe the Group should continue to benefit from the relative strength of the US economy, especially during an election year. However, we recognise the continued uncertainty surrounding sovereign debt levels in Europe and its potential to impact the global economy and relative currency values.
Richard Eyre, Chairman of Next Fifteen, said: "The board sees significant and structural long-term growth potential in digital marketing as brands increasingly move away from traditional marketing such as print media towards more interactive social, mobile and digital channels. With our strong balance sheet we are well placed to make further strategic acquisitions in the digital space. We will also continue to invest in additional digital talent for the Group's existing businesses and look for opportunities to create new agencies."
Names of contacts and telephone number for enquiries:
Next Fifteen Communications Group plcTim Dyson, +1-415-350-2801CEOorDavid Dewhurst, 07974-161183Finance DirectorCanaccord Genuity LimitedSimon Bridges, 020-7523-8000orHenry Fitzgerald-O'Connor
Copyright Business Wire 2012
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