Apr 5, 2011

Interim results for the six months ended 31 January 2011

Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the global public relations consultancy group, today announces its results for the six months ended 31 January 2011.

Financial Highlights:

  • Revenues increased by 19% to £40.8 million (2010: £34.2 million)
  • Profit before tax increased by 19% to £2.49 million (2010: £2.08 million)
  • Adjusted profit before tax increased by 62% to £3.69 million (2010: £2.28 million)
  • Earnings per share increased by 8% to 2.79p (2010: 2.58p) (see note 7)
  • Diluted adjusted earnings per share increased by 36% to 3.63p (2010: 2.66p)
  • Interim dividend increased by 8.4% to 0.515p per share (2010: 0.475p)
  • Net debt of £2.7m following £4.7m of acquisition related payments in the period ( see note 8 )
  • EBITDA increased to £4.5m from £3.6m in the comparative period

Corporate Progress:

  • Acquired 85% stake in US-based investor relations company, The Blueshirt Group
  • Acquired Type 3, a fully-integrated web design company in London and San Francisco and merged it with Context Analytics and Project Metal to create Beyond, the group’s first pure digital consultancy
  • Lexis acquired Glasshouse Partnership to strengthen its corporate practice in London
  • Bite acquired digital marketing agency, OneXeno in Hong Kong

Commenting on the results, Chairman of Next Fifteen, Will Whitehorn, said:

“These strong results reflect the opportunities the Group is experiencing as a result of the market transition to digital. Our deep heritage in technology and investments in digital have put us in a great position to grow both our core customer base and into adjacent markets.  During the period we expanded and added relationships with clients that include Zynga, Facebook, American Express and Google.  The Group is also experiencing increased demand for solutions that involve more than one of the Group's agencies as more and more of our customers look for a broader set of integrated services.  The Group will continue to invest in expanding its digital offering and also the key geographies in which it operates.”

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

For further information contact:

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

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