Next Fifteen Communications Plc
Next Fifteen Communications Group plc
Pre-Close Trading Update
11th August 2008
Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the
international public relations consultancy group is issuing a pre-close trading
update ahead of its preliminary results for the year ended 31 July 2008.
Next Fifteen is pleased to report that it is trading in line with expectations
and again expects to announce strong revenues, profits and cash flows in its
full-year results on 14 October 2008.
Next Fifteen expects to see further revenue growth in the coming year from its
existing businesses. Margins should also continue to improve as the benefits of
scale and operational improvements carried out by the Group flow through. The
Group will bear higher than expected interest and currency charges due to
contracts previously taken out that are now out of range, if the significant
reductions in US interest rates and the strength of the Euro over the last six
months continue into the coming financial year.
The Group continues to add significant new clients such as Sybase, Autodesk,
Lawson and ShopStyle. It has also extended relationships with a number of
existing clients during the last quarter including AMD, Symantec, Ubisoft and
Aliph.
Will Whitehorn, Chairman of Next Fifteen, said:
"The markets for technology and consumer public relations consultancy services
remain robust. As a result, the Group is cautiously optimistic that solid growth
will continue into the coming year as our reputation for work in both
traditional and social media continues to attract corporate clients who wish to
focus their marketing budgets on consumers and opinion formers by combining both
online and offline media effectively."
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Enquiries:
Next Fifteen
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Tim Dyson, Chief Executive 001 415 350 2801
David Dewhurst, Finance Director 07974 161183
Inferno Communications
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Paul Mackender Matt Stewart
+44 (0)20 8735 9752 +44 (0)20 8735 9733
Paul.mackender@infernopr.com Matt.stewart@infernopr.com
Landsbanki Securities (UK)
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Fred Walsh
+44 (0)20 7426 9000
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