Next Fifteen Communications Group plc (‘Next Fifteen’ or ‘the Group’), the worldwide digital communications group, today announces its results for the year ended 31 July 2011.

Financial highlights:

• Revenues increased by 19% to £86.0m (2010: £72.3m)
• Profit before tax increased by 42% to £7.5m (2010: £5.3m)
• Adjusted profit before tax increased by 27% to £8.4m (2010: £6.6m) (see note 3)
• Basic earnings per share increased by 35% to 9.10p (2010: 6.75p) (see note 8 )
• Diluted adjusted earnings per share increased by 16% to 8.74p (2010: 7.53p)
• EBITDA increased to £10.7m from £8.4m in the comparative period
• Final dividend of 1.535p per share (2010: 1.375p), raising the total dividend by 11% to 2.05p (2010: 1.85p)
• Net debt of £1.6m (2010: £0.9m) (see note 9) following £6.1m (2010: £5.1m) of acquisition related payments in the year

Corporate progress:

• Acquired 85% of Blueshirt Group LLC, an investor and media relations company based in San Francisco serving the technology sector
• Acquired 80% of CMG Worldwide Limited, a digital agency trading as ‘Bourne’ within the UK and US markets
• Beyond acquired 100% of UK based Type 3 Limited and US based Type 3 LTD, two digital consultancies which have been integrated into Beyond, a digital consultancy in which the Group have a 51% interest
• Acquired the trade and assets of two digital businesses operating in the APAC region to enhance the Bite Asia service offering
• Won new retained clients including GE, Nokia, Disney Consumer Products, Broadcom, Open Table, Zynga, Informatica, Solazyme, Lytro

Commenting on the results, Chairman of Next Fifteen, Richard Eyre, said:
“Next Fifteen Communications Group plc (“Next 15” or “the Group”), a worldwide digital communications group, has had a memorable year. The Group has achieved record revenues and profits underpinned by its early transition to digital services in its PR businesses. Digital is giving the group access to new revenue streams and helping to deliver strong growth in North America and Asia. During the year Next 15 further expanded its digital offering and strengthened its corporate business, through targeted acquisitions. Against a backdrop of geopolitical turmoil Next 15 has delivered strong top and bottom line growth, with a balance sheet that is both robust and sustainable.”

To view the full press release in Acrobat PDF format please click here.

Next Fifteen Communications Group
Tim Dyson, Chief Executive
+1 415 350 2801

David Dewhurst, Finance Director
+44 (0)7974 161183

Bite Communications
Elijah Lawal
+44 (0)20 8735 9718
+44 (0)7875 742995
Elijah.Lawal@bitecommunications.com

Canaccord Genuity
Mark Williams
Henry Fitzgerald-O’Connor
+44 (0)20 7050 6500