FY18 interim results announcement

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FY18 interim results announcement

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26 September 2017

 Next Fifteen Communications Group plc 

Interim results for the six months ended 31 July 2017

 

Next Fifteen Communications Group plc (“Next 15” or the “Group”), the digital communications group, today announces its interim results for the six months ended 31 July 2017.

 

Adjusted financial results for the six months to 31 July 2017

Six months ended

31 July 2017 (Unaudited)

Six months ended

31 July 2016 (Unaudited)

Growth

 

Revenue £93.5m £80.5m 16%
EBITDA £14.5m £12.8m 13%
Operating Profit £12.3m £11.1m 11%
Operating Profit Margin 13.2% 13.8%
PBT £12.0m £10.6m 13%
Diluted EPS 11.4p 10.5p 9%
Dividend per share 1.8p 1.5p 20%
Net debt £20.8m £12.2m

 

In order to assist shareholders’ understanding of the underlying performance of the business, adjusted results have been presented.  The items that are excluded from adjusted results include acquisition related costs, one-off and acquisition related share based payment charges, amortisation and certain other non-recurring items, consistent with previous periods. The adjusted results are reconciled to statutory results within notes 2 and 3.

Highlights

  • Group revenue growth of 16%, with organic revenue growth of 2%
  • Strong August and September trading with high single digit organic revenue growth
  • Adjusted PBT up 13% to £12m
  • Adjusted diluted earnings per share increased by 9% to 11.4p
  • Significant clients wins including LG Electronics, Grubhub, Marvell and NTT Data
  • Velocity, a B2B content marketing agency, and Circle, a B2B market research consultancy, acquired in July
  • Elvis, an integrated digital agency, acquired in September
  • Acquisition of Charterhouse, a market research agency, announced today

 

Commenting on the results, Chairman of Next 15, Richard Eyre said:

Technology continues to change the business of marketing, opening up more and more channels between brands and audiences. Content can be highly-targeted and directly shoppable in a way not possible through traditional media. Today’s marketing deploys mountains of data, with a growing role for technology to understand and use it effectively. Next 15 agencies are well-placed to take advantage of this industry shift.

The Group has continued to invest in agile companies operating in this augmented value chain and in the first half, Group revenue grew by 16%.  The addition of several businesses to the Group has been matched by some important client wins including LG Electronics, Grubhub, Marvell and NTT Data.

A 20% increase in the dividend reflects the Board’s confidence in the Group’s performance for this financial year.

 

Statutory financial results for the six months to 31 July 2017

Six months ended

31 July 2017 (Unaudited)

Six months ended

31 July 2016 (Unaudited)

Revenue £93.5m £80.5m
PBT £5.2m £4.2m
Diluted EPS 4.8p 3.5p

 

For further information contact:

 

Next Fifteen Communications Group plc

Tim Dyson, Chief Executive Officer

+1 415 350 2801

Peter Harris, Chief Financial Officer

+44 (0) 20 7908 6444

 

Investec Bank plc

Keith Anderson, Matt Lewis, Darren Vickers

+44 (0) 20 7597 5970

 

Notes:

Organic revenue growth

Organic revenue growth is defined as the revenue growth at constant currency excluding the impact of acquisitions.

 

FY18-Interim-announcement

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