Final Results

Adventis Group PLC
21 March 2007


21 March 2007

                Adventis Group Plc ('Adventis' or the 'Company')


Profit growth of 75% in 2006


Final Results 2006

Adventis Group Plc ('ATG/L'), the marketing services, media buyer and
advertising agency, is pleased to announce record results for the year ended 31
December 2006. The results represent the Company's second full trading year
since admission to AIM. Growth was organic across all of the Company's existing
businesses and through acquisitions.


Financial Highlights
     
•    Group billings (Turnover): £35.5m, up 62% (2005: £21.9m)

•    Pre-tax profit: £1.80m, up 75% (2005: £1.03m)

•    Pre-tax profit margin: 21%, up 24% (2005: 17%)

•    Earnings per share: 3.76p, up 41% (2005: 2.66p)

•    Final dividend recommended of 0.461p (2005: 0.436p), bringing the year's 
     total to 0.681p (2005: 0.646p), payable on 15 June 2007 to shareholders
     registered on 25 May.

•    Net cash of £2.5m at year end.


Operational Highlights

•    Newly acquired  businesses contributed 21% to billings

•    Billings relating to existing businesses grew 28%

•    Roundhouse Advertising Ltd and Adventis Coltman Ltd made first time
     profit contributions

•    Client wins in healthcare, residential and commercial property and
     financial services sectors


Prospects

Said Charles Phillpot, Chief Executive of Adventis:

'2006 saw significant growth in the Group due to the success of our continued
operations and the excellent performance of new acquisitions.  We continue to
consolidate our position in our market sectors.

The first quarter of 2007 has started well and we are confident about prospects
for the current year. We continue to raise our profile in our three chosen
market sectors and remain selective about opportunities in these areas.'



-  ENDS -


Enquiries:

Adventis Group Plc
Charles Phillpot, CEO                                       Tel: [phone]
Peter Linnell, Finance Director                             Tel: [phone]

Adventis Financial PR
Chris Steele                                                Tel: [phone]
Tarquin Edwards                                             Tel: [phone]

Arbuthnot Securities
Tom Griffiths                                               Tel: [phone]


Notes to Editors

Adventis' strategy is to focus its marketing and media buying services on the
property, healthcare and financial services sectors, in which it has the
opportunity to build significant market positions.

There are three main strands to Adventis' strategy to develop the business:

  • Consolidation of its position in the residential and commercial property
    markets, which are predominantly serviced by a large number of small
    operators;
  • Diversification into other specific sectors, notably healthcare and
    financial services, for which marketing is governed by regulatory disclosure
    and which therefore, like the property sector, have a requirement for
    expertise;
  • Increase profit margins by providing services that are currently
    sub-contracted to third parties.

Management intends to achieve these objectives through a mix of organic
development, acquisitions and by creating structures to attract new senior
people with proven revenue earning ability and appropriate sector expertise.


Chairman's statement for the year ended 31 December 2006

I have great pleasure in reporting a further year of considerable progress for
the Company.  Turnover has grown by more than 60% due to the existing businesses
performing extremely well; two very successful acquisitions and by the creation
of two new businesses.

In addition to growing our existing businesses, it is our stated aim that we
would consider strategically sound acquisitions, and in this respect we have
also had a most satisfactory year.  In May we announced the significant
acquisitions of Coltman Media, a financial services media buyer and Roundhouse
Advertising, a specialist healthcare agency.  In July we announced the launch of
Adventis Financial PR and the acquisition of M2, a property marketing agency.
These acquisitions have performed well and we are starting to see synergistic
and cross selling benefits reinforcing our already strong position in both
healthcare and media buying.

The Group's turnover has risen by 62% to £35.5m, pre-tax profit by 75% to £1.8m
and EPS by 41% to 3.76p. In line with our declared intention to pursue a
progressive dividend policy we are accordingly recommending a final dividend of
0.461p making 0.681p for the year, an increase of 5%.

The current year has continued to show further progress and we are seeing strong
trading results across the Group, reinforced by our recently announced
acquisition of Leapfrog Medical Communications Ltd.  We now employ some 150
people in five locations.  I thank all of our staff for their considerable
efforts.  We continue to consolidate and enhance our leading market positions in
our chosen sectors.

Rupert Sebag-Montefiore retired as non-executive director at the end of the
year. His contribution to the company over the last three years has been
considerable and much appreciated by the Board. Allan Collins retired as finance
director also at the end of 2006 but was appointed as a non-executive director
from 1 January 2007. The Board is grateful for his significant contribution to
the business as Finance Director, and welcomes his continued involvement in his
non-executive capacity. Our new Group Finance Director is Peter Linnell who
joined the Board in December. Peter has a long track record as a Finance
Director in the marketing industry, at Grey Global Group and Lowe & Partners.
His experience is a welcome addition to the Board.

The Board views the future with confidence.  The strategy we have pursued, in
almost three years since the Company's flotation on AIM, of organic growth
coupled with selective, focused acquisitions, has proven itself and continues to
be sound.  Our emphasis on specialised sectors currently of healthcare, property
and financial services offers, we believe, good opportunities for continuing
strong growth.


Peter Mitchell
Chairman


Chief Executive Officer's Statement for the year ended 31 December 2006

I am pleased to report a strong set of results for the year ended 31 December
2006, with record levels of billings and profits, both organically across all of
our businesses and through acquisitions. Group billings of £35.5m were up 62%
(2005: £21.9m); gross profit of £8.5m was up 47% (2005: £5.8m), and pre-tax
profit of £1.8m was up 75% (2005: £1.03m). This represents the third successive
year of significantly increased billings and profits and the Company has
continued to benefit from healthy margins and strong cash flow.

The earnings per share for 2006, including acquisitions were 3.76p, which
compares with 2.66p for the previous year, an increase of 41%.

Overall we have increased market share and increased our margins. It is
particularly gratifying at a time of rapid growth to see margins improving to
over 20%, putting the Group at the very top of its industry.


Dividend

The Board is recommending a final dividend of 0.461p per share, making a total
for the year of 0.681p.  This increase underlines our stated intention to pursue
a progressive dividend policy and reflects our confidence in this business going
forward, especially our continued ability to translate revenue growth into cash.


Financial Position

Net cash balance at 31 December 2006 was £2.5m, and the Company continues to be
cash generative with a strong balance sheet.


Market Overview

The marketing, media and communications market in 2006 was both buoyant and
competitive.  Our clients continue to enjoy good results and their success is
reflected in their continued demand for marketing services.  With a total of
eight new ventures added to the Group since its flotation in July 2004,
integration and consolidation of the new companies has been a key theme.  We
have started to see the benefits of cross selling our range of marketing
services in media buying and planning, corporate identity programmes,
advertising campaigns, interiors and digital media.

Recruitment and retention of key directors and staff continues to be an issue in
the marketing services industry due to its highly labour intensive nature. There
is a rising demand for specialists in various marketing fields making
recruitment a challenge across the sector.  Our policy of offering competitive
packages with an element of profit share has delivered a high quality and stable
senior team. Our revenues are generated predominantly in the form of both
retainers and fees for project specific work with many clients demonstrating
long term loyalty.  It is against this background that I am pleased to report
results that reflect the hard work of all the team at Adventis.


Business Strategy

Adventis has continued its rapid programme of growth and has combined this with
a substantial uplift in operating margins.  We have pursued our stated business
strategy of increasing market share for our media services in our largest
industry sector, the residential and commercial property sectors.  We also
continued to expand the services we provide in our other target markets,
currently comprising financial services and healthcare, where our revenue by
sector grew over that achieved in the previous year.


Acquisitions and Joint Ventures

In May 2006 the Group announced the acquisition of The Coltman Media Company Ltd
(now renamed Adventis Coltman Ltd), a financial services specialist media buying
company. Its client base includes the likes of Threadneedle Investments, Friends
Provident, Baillie Gifford and Witan Investment Trust. In May the Group later
announced the acquisition of Roundhouse Advertising Limited, a specialist
healthcare agency, whose clients include Baxter, Boehringer Ingelheim, Pfizer AH
and Schering-Plough.

In July 2006 the Group successfully launched Adventis Financial PR, offering a
financial media management service to a broad group of clients, most of them
fully listed or quoted on AIM.   The Group also announced the addition of M2, a
specialist property marketing agency that has served to strengthen our offering
in the residential market.

The acquisitions fit well with Adventis' existing businesses and strategy. The
management of all these companies has been retained, ensuring continuity of
client relationships. We expect the Group to enjoy financial benefits from its
increased scale, for example in media buying.


Operational Review

The following is a summary of activity by business sector for the year ended 31
December 2006.


Residential Property Marketing Sector

Our residential property marketing sector has a broad base of clients from
international names such as Savills to many UK developers such as Capital &
Provident, Galliard Homes, Devington Homes and Grove Manor Homes.  It provides a
broad range of consultancy and creative services across the industry.


Commercial Property Marketing Sector

Our commercial property marketing sector won several major long-term projects in
2006 such as Howard Holdings, St Martins Property Corporation Ltd., Abstract
Land, Slough Estates, South West Regional Development Agency, Morley Fund
Management and Farnborough Business Park.   These project successes continue to
give the business a positive order book for 2007.

         
Media Planning and Buying Sector

Our three media planning and buying companies, Premium Media, Adgenda Media and
Adventis Coltman, are a significant force in the property and financial sector.
They have full NPA (Newspapers Publishing Association) recognition and enjoy
favourable commercial terms with media owners.  Media broking works very much in
tandem with our creative business.  Business volumes continue to grow at good
margins for this industry. Account wins during 2006 included Brit Insurance,
China Travel Service, Croatian Villas, Barratt Homes (various regions), Kingsoak
London, Mount Anvil, Assettrust and ING Real Estate.


Financial Services Sector

Adventis NMG, which specialises in financial services, continued to trade
profitably in 2006.  A series of projects were concluded for clients such as
Prudential, Brit Insurance, Lincoln Financial Group, Moneywise, and ABN Amro and
the outlook for larger projects from such clients is positive.  The addition of
Adventis Coltman Media and Adventis Financial PR has enhanced our offering in
the financial services sector and will facilitate further growth of Adventis
NMG.


Healthcare Sector

The Group now has a substantial presence in the Healthcare sector through its
two creative agencies, Affiniti and Roundhouse and latterly through Leapfrog.
The combination of the these three entities not only puts Adventis Healthcare in
the top 5 UK service providers but also allows substantial cross selling.  All
three companies will be moving into centralised premises adjacent to the M25 in
mid-2007.  This will generate further synergies and economies of scale. Account
wins in 2006 included Baxter, Merz, Merial International, Queen Charlottes
Children's Hospital and Schering - Plough.


Outlook

The first quarter has started well with all our subsidiary companies enjoying a
high level of activity and we are confident about prospects for the current
year.

We continue to raise our profile in our chosen market sectors and it is very
gratifying that this increase in awareness of Adventis has led to the
presentation of many more, very strong M&A opportunities. We continue to be very
selective in making further acquisitions and focus on agreeing the best possible
terms for the Group.

The investment in the Company of more than £1 million by Morgan Stanley, UBS and
Oceanwood Capital Management announced on 30th November of 2006 was very
encouraging and offers even more opportunities in the M&A arena.  I am confident
that our strong performance to date will continue in 2007.


Charles Phillpot
Chief Executive Officer


Consolidated income statement for the year ended 31 December 2006


                                             Notes    2006      2005
                                                     £'000     £'000

Turnover                                            35,529    21,901

Operating profit                                     1,672       929

Investment revenues                                    130       102
Finance costs                                           (2)       (4)

Profit on ordinary activities before                 1,800     1,027
taxation

Taxation                                       3      (467)     (105)


Profit for the financial year                        1,333       922

Attributable to:
Equity holders of the parent                         1,316       876
Minority interests                                      17        46

                                                     1,333       922

Earnings per share                             5

Basic                                                 3.76p     2.66p

Diluted                                               3.65p     2.63p


The Group's results derive entirely from continuing activities



Consolidated balance sheet as at 31 December 2006



                                      Notes        2006         2005
                                                  £'000        £'000

Assets

Non-current assets

Goodwill                                6         8,273        1,827
Other intangible assets                 7             0          416
Property, fixtures and equipment                    259          194
Deferred tax assets                                 164          181

                                                  8,696        2,618

Current assets
Work in progress                                    293          151
Trade and other receivables                       6,590        3,488
Bank balances and cash                            2,464        2,585

                                                  9,347        6,224

Total assets                                     18,043        8,842

Equity and liabilities
Shareholders' equity
Share capital                                        96           81
Share premium account                             4,789        2,862
Capital redemption reserve                          200          200
Other reserves                                       20           20
Share based payments reserve                         43           23
Retained earnings                                 3,036        1,892

                                                  8,184        5,078
Equity minority interests                            18           47

Total equity                                      8,202        5,125

Non-current liabilities

Obligations under finance leases                      -            -
Deferred tax liabilities                              8            6
Deferred consideration                            3,400          964

                                                  3,408          970

Current liabilities
Trade and other payables                          4,371        2,267
Current tax liabilities                             572          149
Obligations under finance leases                      8           12
Deferred consideration                            1,482          319

                                                  6,433        2,747

Total liabilities                                 9,841        3,717

Total equity and liabilities                     18,043        8,842




Consolidated statement of changes in equity for the year ended 31 December 2006

                         Share    Share   Capital  Retained  Minority
                       capital  premium  reserves  earnings  interest    Total
                         £'000    £'000     £'000     £'000     £'000    £'000

Balance at 31
December 2004               79    2,563       220     1,223         1    4,086

Changes in equity for
2005
Profit for the year          -        -         -       922         -      922
Dividends paid               -        -         -      (198)        -     (198)
Minority interests           -        -         -       (46)       46        -

Total recognised
earnings for the
year                         -        -         -       678        46      724

Issue of share
capital                      2      299         -         -         -      301
Share based
transactions                 -        -         -        14         -       14

Balance at 31
December 2005               81    2,862       220     1,915        47    5,125

Changes in equity for
2006
Profit for the year          -        -         -     1,333         -    1,333
Dividends paid               -        -         -      (218)        -     (218)
Minority interests           -        -         -       (17)       17        -
Adjustment                   -        -         -        46       (46)       -

Total recognised
earnings for the
year                         -        -         -     1,144       (29)   1,115
                    
Issue of share capital      15    1,927         -         -         -    1,942
Share based 
transactions                 -        -         -        20         -       20

Balance at 31
December 2006               96    4,789       220     3,079        18    8,202




Consolidated cash flow statement for the year ended 31 December 2006

                                                  2006               2005

                                            £'000     £'000     £'000    £'000

Operating activities
Profit from operations                      1,672                 929

Adjustments for:
Amortisation of intangible assets               -                  45
Amortisation of investments                    25                   -
Share based transactions                       20                  14
Depreciation on fixtures and equipment         80                  76
Loss on disposal of fixed assets                -                   1

Operating cash flows before movement in
working capital                             1,797               1,065

Increase/(decrease) in work in progress       (65)                (50)
Increase in receivables                      (993)             (1,096)
Increase in payables                          133                 558

Cash generated by operations                 (925)                477

Corporation tax paid                         (436)               (317)

Net cash from operating activities                      436                160

Investing activities
Interest received                                       130                102
Interest element of finance leases             (1)                 (1)
Bank overdraft interest paid                   (1)                 (3)
Acquisition of subsidiaries                (1,230)               (581)
Other investments in operations              (125)                  -
Purchase of fixtures and equipment           (128)                (59)

Net cash used in investment activities               (1,355)              (542)

Financing activities

Equity dividends paid to shareholders        (218)               (198)
Share capital issued (net of costs)         1,019                   -
Capital element of finance lease rental
payments                                       (3)                 (9)

Net cash (used)/from financing activities               798               (207)

Net (decrease)/increase in cash and cash
equivalents                                            (121)              (589)
                                                       
Cash and cash equivalents at beginning of
period                                                2,585              3,174

Cash and cash equivalents at end of                   
period                                                2,464              2,585



Notes to the financial statements

For the year ended 31 December 2006

     
1.   Basis of preparation

     The financial information set out in this announcement does not constitute 
     the Company's statutory accounts for the years ended 31 December 2006 and 
     2005. Except as shown below, the financial information for the year ended 
     31 December 2006 has been prepared using the accounting policies which are 
     consistent with those adopted in the audited accounts for the year ended 31 
     December 2005. The financial information for the year ended 31 December 
     2005 is derived from the statutory accounts for that year, which have been 
     delivered to the Registrar of Companies. The auditors have reported on the 
     2005 accounts; their report was unqualified and did not contain a statement 
     under section 237 (2) or (3) of the Companies Act 1985. The auditors have 
     yet to sign their report on the 2006 accounts. The statutory accounts for 
     the year ended 31 December 2006 will be finalised on the basis of the 
     financial information presented by the Directors in this preliminary 
     announcement and will be delivered to the Registrar of Companies following 
     the Company's Annual General Meeting. The financial information set out in 
     this announcement was approved by the Board of Directors on 20 March 2007.

     
2.   Principal accounting policies

     Basis of accounting

     The 2006 financial statements are the group's consolidated financial 
     statements prepared under International Financial Reporting and Accounting 
     Standards, with a transition date of 1 January 2004. The financial 
     statements have also been prepared in accordance with International 
     Financial Reporting and Accounting Standards adopted for use by the 
     European Union and therefore comply with Article 4 of the EU IAS 
     Regulation.

     The financial statements have been prepared on the historical cost basis.  
     The principal accounting policies adopted are set out below.

     Basis of consolidation

     The consolidated financial statements incorporate the financial statements 
     of the Company and enterprises controlled by the Company (its subsidiaries) 
     made up to 31 December each year. Control is achieved where the company has 
     the power to govern the financial and operating policies of a subsidiary.

     Minority interests in the net assets of consolidated subsidiaries are 
     identified separately from the Group's equity therein. Minority interests 
     consist of the amount of those interests at the date of the original 
     business combination and the minority's share of changes in equity since 
     the date of the combination. Losses applicable to the minority in excess of 
     the minority's interest in the subsidiary's equity are allocated against 
     the interests of the Group except to the extent that the minority has a 
     binding obligation and is able to make additional investment to cover the 
     losses.

     The results of subsidiaries acquired or disposed of during the period are
     included in the consolidated income statement from the effective date of
     acquisition or up to the effective date of disposal, as appropriate.

     All intra-group transactions and balances between Group enterprises are
     eliminated on consolidation.

     Taxation

     The tax charge represents the sum of current and deferred tax.

     Current tax payable is based on taxable profits for the year. Taxable 
     profits differ from net profits as reported in the income statement because 
     it excludes items that are taxable or deductible in other years and items 
     that are not taxable or deductible. The group's liability for current tax 
     is calculated using tax rates that have been enacted or substantively 
     enacted at the balance sheet date.

     Deferred tax is the tax expected to be payable or recoverable on 
     differences between the carrying amounts of assets and liabilities in the 
     financial statements and the corresponding tax bases used in the 
     computation of taxable profit, and is accounted for using the liability 
     method. Deferred tax liabilities are recognised for all temporary 
     differences and deferred tax assets are recognised to the extent that it is 
     probable that taxable profits will be available against which temporary 
     differences can be utilised.

     The carrying amount of deferred tax assets is reviewed at each balance 
     sheet date and reduced to the extent that it is no longer probable that 
     sufficient taxable profits will be available to allow all or part of the 
     asset to be recovered. Deferred tax is calculated at the tax rates that are 
     expected to apply in the period when the liability or the asset is 
     realised.


3.   Tax on profit on ordinary activities


Analysis of charge in period
                                                      2006      2005
                                                     £'000     £'000

Current tax:
UK corporation tax on profits of the period            544       290
Adjustments in respect of previous periods            (104)       (3)

Total current tax                                      440       287

Deferred tax:
Origination and reversal of timing differences          27        (2)
Effect of increased tax rate on opening liability        -         1
Realisation of deferred tax asset                        -      (181)

Total deferred tax                                      27      (182)

Tax on profits on ordinary activities                  467       105


4.   Dividends
                                                      2006      2005
                                                     £'000     £'000
Amounts recognised as distributions to equity
holders in the period:

Final dividend of 0.436p (2004: 0.412) per share       142       130

Interim dividend of 0.22p (2005: 0.21p) per share       76        68

                                                       218       198

Recommended final dividend of 0.461p (2005:            
0.436p) per share                                      182       142


     The recommended final dividend is subject to approval by shareholders at 
     the annual general meeting and has not been included as a liability in 
     these financial statements. The estimate of the recommended dividend is 
     based on the shares in issue as at 20 March 2007.

     
5.   Earnings per share

     The calculations of the basic and diluted earnings per share are based on 
     the following data:

                                                      2006          2005
                                                     £'000         £'000

Profit for the purpose of basic earnings per         
share                                                1,316           876

Number of shares

Weighted average number of ordinary shares in
issue during the year                           35,007,794    32,977,826

Effect of dilutive options                         538,966       166,766
Effect of dilutive warrants                        171,179        98,312
Effect of dilutive deferred consideration          349,059             -

Diluted weighted average number of ordinary
shares in issue during the year                 36,066,998    33,242,904


     The weighted average number of ordinary shares in issue during the year 
     includes 636,176 Ordinary shares, which represent the deferred 
     consideration due on the acquisition of Coltman Media Company Limited at 
     the average Adventis share price for 2006. The diluted weighted average 
     number of ordinary shares in issue during the year includes 595,357 
     Ordinary shares, which represent the contingent deferred consideration due 
     on the acquisition of Roundhouse Advertising Limited at the average 
     Adventis share price for 2006.


6.   Goodwill
                                                    £'000         £'000
Carrying amount
At 1 January 2005 and 31 December 2005              1,827           259
Additions                                           6,030         1,568
Reclassification of intangible assets                 416             -

At 31 December 2005                                 8,273         1,827


     The additions relate to the acquisitions of Coltman Media Company Ltd and
     Roundhouse Advertising Ltd, and an uplift of Affiniti (UK) Ltd goodwill 
     arising from the re-valuation of the contingent consideration. The 
     reclassification arises from a change in accounting policy whereby the 
     company no longer believes that intangibles and goodwill can be separately 
     valued.



7. Other intangible assets

                                                  £'000         £'000
Cost
At 1 January 2005 and 31 December 2005              461             -
Addition                                              -           461
Reclassification                                   (461)            -

At 31 December 2005 and 31 December 2006              -           461

Accumulated amortisation
At 1 January 2005 and 31 December 2005               45             -
Amortisation charge                                   -            45
Reclassification                                    (45)            -

At 31 December 2005 and 31 December 2006              -            45

Carrying amount
At 31 December 2005 and 31 December 2006              -           416


     The reclassification arises from a change in accounting policy whereby the
     Company no longer believes that other intangibles and goodwill can be 
     separately valued.


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