Trading Statement
Next Fifteen Communications Plc
Next Fifteen Communications Group plc
("Next 15" or "the Group"),
Trading update
Next 15, the digital marketing and communications group, is pleased to
announce a trading update ahead of its results for the year ended 31
January 2019 which are due to be announced in early April 2019. Next 15
anticipates that the results will be in line with the Board's
expectations. The Board expects the Group to make further good progress
in the year ahead.
The Group has seen organic revenue growth in the second half of the
financial year continue to outrun sector averages. This has been
supplemented by the acquisitions made during the period including
Activate, a digitally-driven Demand Generation consultancy and
Planning-Inc., a business that designs and builds data platforms for the
marketing organizations of large brands.
The Group continues to invest in its transition to digital marketing
products and services and has recently announced that it is merging its
Bite and Text 100 businesses globally to create a new agency. In
addition, our collection of data businesses under the MIG brand will be
reorganized in the coming months under one consistent brand to offer
customers a more tightly integrated set of services in Europe and the US.
The Group's balance sheet remains strong with net debt anticipated to be
approximately £5m as at 31 January 2019.
Richard Eyre, Chairman of Next 15, said:
"The Group continues to deliver above industry average organic growth.
This is large part due to its focus on data and technology to re-enforce
its creative capabilities. With the geo-political landscape remaining in
flux, clients are looking for greater certainty from their marketing
programs which our agencies and data businesses are proving able to
provide.”
Enquiries:
Next Fifteen Communications Group plc
Tim Dyson, CEO
+1
415 350 2801
Peter Harris, CFO
+44 (0)20 7908 6444
Numis
Nick Westlake, Mark Lander, Michael Wharton
+44
(0)20 7260 1000

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