Continued momentum and broad-based growth across all segments.
Today, Next 15 announced that trading during the second half of the year has continued to be strong, with results for the year to 31 January 2023 expected to be in line with management expectations.
- Strong revenue growth in H2: expected to be up 47% year-on-year, with 12% organic growth
- 55% year-on-year revenue growth for full year with 20% organic growth
- Good performances across all segments continues
- Results for the year to 31 January 2023 expected to be in line with management expectations
For the six-month period to 31 January 2023, the Group’s total revenues are expected to be up by approximately 47% compared with the same period last year, with organic revenue growth of 12%. This will result in revenues for the year to 31 January 2023 being up 55% in total, with organic revenue growth of 20%. Despite the tougher macro-economic environment, this robust performance is driving results which are expected to be in line with management expectations and we remain well placed to deliver further progress in the year ahead.
The performance has been positive across all four areas of the Group, with each segment showing organic revenue growth of at least 8% in the year to 31 January 2023. Business Transformation has continued to be the fastest growing segment, whilst our Customer Delivery, Customer Insight and Customer Engagement segments have continued to perform well.
The Group continues to be highly cash generative and retains a healthy balance sheet with net cash expected to be approximately £20m as at 31 January 2023. This leaves the Group well placed to make further investments and acquisitions in the year ahead.
Tim Dyson, Next 15’s Chief Executive Officer, said:
“Against a challenging market backdrop, we have delivered a strong performance for the year. We remain well positioned to make further progress in the year ahead and despite the macro-economic headwinds, we are still delivering good growth and are confident of meeting management expectations. We look forward to updating investors in greater detail when we announce our final results in April.”
The Group will report final results for the year ended 31 January 2023 on 25 April 2023.