Trading Statement
Next Fifteen Communications Plc
29 October 2013
Next Fifteen Communications Group plc
Trading update
Next Fifteen Communications Group plc (the “Companyâ€) announces that as a result of audit adjustments that relate to issues in its Bite agency, its profits for the 2013 financial year will fall materially short of market expectations. Revenues meanwhile will be in line with expectations.
At the same time the Company announces that David Dewhurst has decided to step down from his role as Finance Director with immediate effect. An interim Finance Director is being recruited while a search for a permanent replacement takes place. David has agreed to make himself available to ensure an orderly transition.
The board would like to thank David for his fourteen years of service during which time the Group has grown by over 300%.
The Company will announce preliminary results as planned on November 5th.
Next Fifteen Communications Group plc
Tim Dyson, CEO, +1 415 350 2801
Canaccord Genuity Limited
Simon Bridges 020 7523 8000
Henry Fitzgerald-O`Connor