Jan 29, 2015

January 2015: Trading Update

Forging ahead

Tim Dyson, Group CEO

I am happy to share the good news that the Next 15 group has seen better-than-expected trading with strong results for the twelve months to 31 January 2015.

There have been positive developments across the board but one aspect that has been tremendously pleasing has been the success of our acquisitions. In the US and the UK, for example, Story Worldwide and Morar Consulting, which both came on board in the last 6 months, have helped deliver improved profit margins.

We want to continue this acquisition strategy. We have identified a strong pipeline of potential further infill acquisitions and investments in pursuit of our digital expansion strategy.

To help with the purchase, we have now raised £4.3m through the issue of new shares. For further details of this placing, please see our trading statement update here.

These are exciting times and the strength elsewhere in the group has provided a solid base for this growth.

Again the Next 15 family of business in the US have shown strong trading with double digit revenue growth on an organic basis. This continues a really successful run for all of our businesses in the US.

Elsewhere, actions to simplify operations in Asia and Mainland Europe are progressing ahead of plan and are already delivering improved returns.

The acquisitions we have in mind will continue Next 15’s overall drive to create a new type of integrated marketing group which has at its core the technology of marketing: content, data, insight, analytics, apps and content platforms.

I want to thank the teams at our brands across the world for their continuing great efforts. With your help, Next 15 will continue its transition from traditional communications services towards social and digital communications.

Read the full Trading Statement here

All news