Trading Update

Trading Update

Next Fifteen Communications Plc

 

Next Fifteen Communications Group plc

("Next 15" or "the Group"),

Trading Update

Next 15, the digital marketing and communications group, is pleased to announce a trading update ahead of its results for the year ended 31 January 2020, which are due to be announced in early April 2020.

The Group is expected to report double digit revenue and profit growth, with revenues broadly in line with our expectations, after taking into account the impact of the recent strength of sterling. Organic revenue growth in H2 has followed a similar pattern from H1, excluding Beyond and Archetype organic revenue growth will be again strongly positive and we expect over 20% organic revenue growth in our data segment. The prospects for Beyond have improved in recent months, although the recovery to profitability has taken longer than anticipated.

Taking the above into account, our adjusted profit for the year is likely to be marginally below expectations on a constant currency basis. Net debt as at 31 January 2020 is expected to be around £12m as we maintain a very prudent approach to the management of our balance sheet.

We remain confident about our prospects for the coming year and again expect double digit revenue and profit growth. We have an active acquisition pipeline and expect to complete a number of acquisitions in the next couple of months. The new business pipeline remains strong in all markets and recent material wins for the Group have included: Microsoft, REED, Photobox and Intel.

Richard Eyre, Chairman of Next 15, said: Next 15 continues to make good progress and has delivered another year of double-digit profit and revenue growth. While our growth has been moderated by currency headwinds and a couple of clearly defined operational issues, the data and analytics businesses are performing well, endorsing our focus on marketing technology. I’m therefore pleased to report that we anticipate continued strong revenue and profit growth in the new financial year.

Enquiries:

Next Fifteen Communications Group plc
Tim Dyson, CEO
[phone]
Peter Harris, CFO
[phone]

Numis
Mark Lander, Hugo Rubinstein, Nick Westlake,
[phone]

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