Adventis Group PLC
26 January 2007
For release 07.00am 26 January 2007
Adventis Group Plc ('Adventis' or the 'Company')
Trading Statement
The Board of Adventis (Adventis - ATG), the marketing services and advertising
agency, announces the following trading update for the year ended 31 December
2006 ahead of the release of its preliminary results on 21 March 2007.
The Board is pleased to announce that trading for the second half of the year
has exceeded the Board's expectations, which, when added to a strong first half,
makes 2006 a record breaking year and the fourth successive record year of
increased profits for the Company. Overall, results for the year ended 31
December 2006 are expected to exceed market expectations. The period under
review includes approximately eight months contribution from the acquisitions of
Coltman Media Company Limited and Roundhouse Healthad, and six months from M2
and the creation of Adventis Financial PR.
Major client wins included the Prudential, the Quoted Property Company, Brit
Insurance Holding plc, Merz Pharmaceuticals and Sanofi Pasteur MSD. The total
number of clients serviced by group operations now exceeds 400 across its
specialist business sectors of property, healthcare and financial services.
The Group has experienced further organic growth and has continued its programme
of strategically focused bolt-on acquisitions. The Group currently employs 125
people and the combination of existing work-in-progress and the early
indications of planned client activity point to continuous strong growth in
2007. The Group benefited from a significant institutional investment in 2006
from Oceanwood Capital Management, Morgan Stanley and UBS, further strengthening
its cash resources to £3.5 million as at the year end. The Group has no debt and
enjoys healthy cash flows, as well as generating amongst the best margins in its
sector.
The Group's healthcare operations continue to go from strength-to-strength and
are planning to combine in one location during the first half of 2007. Meanwhile
Roundhouse, which joined the Group in May 2006 has had a very successful year
and continues to grow its offering.
The Group's residential property operations, PMC and M2, house-builder creative
services specialists, have merged and added a number of new clients during the
second half of 2006. GDO, the commercial property agency, continues to benefit
from major long-term clients such as developers working on Birmingham's urban
regeneration project.
The Group's strongest performing marketing services operation during 2006 was
its media planning and buying companies. Whilst the property specialists in
particular exceeded expectations, Adventis Coltman, which only joined the Group
in May 2006, also performed strongly in the financial services sector.
Charles Phillpot, Chief Executive, said:
'2006 has been a great year and our businesses continue to grow strongly. We
are making significant progress in our objective to reach the top-three market
positions in each of our chosen specialist business sectors. The current year
has started strongly and we look forward to another excellent year.'
CONTACT:
Adventis Group Plc
www.adventis.co.uk
Charles Phillpot, CEO 020 7034 4750
Peter Linnell, Finance Director & Company Secretary 020 7034 4795
Adventis Financial PR
Chris Steele 020 7034 4759
Peter Binns 020 7034 4760
Notes to Editors:
Adventis Group is a marketing services and advertising agency. Its core areas
of activity are property, healthcare, financial services and financial PR.
Subsidiary companies include:
Premium Media
Affiniti
GDO
Adventis Coltman
Adventis PR
Roundhouse
Adventis Financial PR
PMC
Adgenda
Adventis NMG
For fuller details see www.adventis.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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