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Next Fifteen Comm (NFC)

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Tuesday 29 January, 2019

Next Fifteen Comm

Trading Statement

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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