21st Jan 2014 07:00
21 January 2014
Next Fifteen Communications Group plc(“Next 15” or the “Company”)
AGM trading statement
Next 15 is pleased to report that it has made a good start to the new financial year, largely driven by double digit organic growth and strong overall margins in our Northern American business.
During the first five months to 31 December, the Group has seen its Bite subsidiary return to profitability while the rest of the Group continues to see trading patterns in line with the second half of the previous financial year. Thanks to this good start, the Group is trading in line with management expectations. This is despite the current strength of Sterling against both the US dollar and the Euro, which will hold back reported revenues and profits.
The Group continues to invest in the transition of the business towards digital marketing. Accordingly, we recently acquired a 51% interest in Republic Publishing Limited, a content marketing business based in London whose clients include: Nokia, Vodafone, Sharp and Red Bull. For the year ended 31 October 2013 Republic Publishing had revenues of £2.5 million, adjusted profit before tax of £0.4 million and net assets of £0.6 million.
Progress has been made in the search for a permanent Finance Director. Candidates are being interviewed currently with an appointment expected in February.
Enquiries:
Next Fifteen Communications Group plcTim Dyson, CEO +1 415 350 2801
Canaccord Genuity LimitedSimon Bridges +44 (0) 20 7523 8000Henry Fitzgerald-O`Connor
Copyright Business Wire 2014
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