Next Fifteen Communications Group plc – Trading update
Next 15, the digital communications group, is pleased to announce a pre-close trading update ahead of its results for the year ending 31 January 2017, which are due to be announced in early April 2017. Next 15 is pleased to report that it expects results to be in line with market expectations and the board expects the Group to make further good progress in the year ahead.
During the year the Group has continued to invest in the transition to digital marketing services. It has made a series of acquisitions including Publitek and Pinnacle, which are specialists in digital content and marketing for advanced technologies. The Group also acquired Twogether, a specialist B2B digital marketing agency; HPI a market research business; and took an investment stake in Phrasee, an AI email marketing technology company.
Since July 2016 the Group has added notable additional business from General Motors, Unilever, KPMG and Deliveroo.
Next 15 continues to benefit from the relative scale of its US business compared to its UK peers. Over 60% of the Group’s revenues are generated in the US and we believe the Group should continue to benefit from the relative strength of the US economy and its currency.
Richard Eyre, Chairman of Next 15, said:
“The Group continues to invest in three areas: data, content and technology. This is positioning it well for the future and attracting a high calibre of talent and customers. In the year ahead we expect to enhance our data, content and technology capabilities organically and by acquisition as we see these as drivers of long-term growth.”
Next Fifteen Communications Group plc:
Tim Dyson, CEO Tel: +1 415 350 2801
Peter Harris, CFO Tel: +44 (0) 7908 6444
Investec Bank plc:
Keith Anderson / Matt Lewis / Dominic Emery Tel: +44 20 7597 4000