Trading Statement

Trading Statement

Next Fifteen Communications Plc

28 June 2016

Next Fifteen Communications Group plc
(“Next 15” or the “Group”)

AGM trading update

Next Fifteen Communications Group plc, the digital communications group, issues the following trading update in advance of the Company’s Annual General Meeting to be held at 3.30pm today. At the meeting, Tim Dyson, Chief Executive Officer, will deliver a presentation which will also be made available on the Company’s website www.next15.com.

Next 15 is pleased to report that the good start to the new financial year has extended to the first four months of the period. Driven by strong organic revenue growth from our North American businesses, the period has also seen continued revenue growth and margin improvements in the UK and Asia as the Group’s work to simplify its non-US operations progresses. Next 15 has also seen an improvement in its business in EMEA.

In line with its stated strategy, the Group recently acquired ODD, Publitek and Twogether in the UK. These businesses are integrating well and making a growing contribution. In addition, Next 15 aims to expand these businesses into the US market by taking advantage of the Group’s infrastructure in this region and its existing relationships with customers and talent.

The Board notes the recent volatility in the value of the British pound, Next 15's reporting currency, following the result of the UK referendum on membership of the EU. With approximately 75 per cent of the Group’s revenues generated in other currencies (and in particular 60 per cent deriving from the US), the Group’s reported results stand to benefit on translation from a weaker British pound whilst the impact on the Group of any slowdown in economic activity in the UK and EU should be relatively modest.

Since the year-end, the Group has added notable additional business from Godiva, Google and Facebook. These wins, combined with the performances noted above, put the Group in a good position to deliver on the Board’s expectations for the financial year to January 2017.

Enquiries:	Â	Â	Â
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Next Fifteen Communications Group plc
Tim Dyson, CEO				[phone]
Peter Harris, CFO				[phone]
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Investec Bank plc
Keith Anderson / Matt Lewis / Dominic Emery				[phone]

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