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Next Fifteen boosted by digital business in US

Next 15 highlighted strong momentum in the UK and the United States, particularly, where it is now seeing a higher proportion of revenue coming from digital products and services.

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Revenues for eleven months to December 31 amounted to £118mln.

Communications firm Next Fifteen (LON:NFC) told investors that it continues to trade in line with management expectations for the financial year ending January 31.

It highlighted strong momentum in the UK and US, particularly, where it is now seeing a higher proportion of revenue coming from digital products and services.

Revenue for the eleven months to December 31 amounted to £118mln, up 19% against the comparative period of 2014.  It also revealed that the US unit helped drive organic growth of 8%.

The company also pointed to the recently completed acquisition of ODD Communications, a digital agency specialising in fashion and lifestyle markets, and its £7.8mln share placing  which closed in December.

More acquisitions are targeted in the coming months, it added, as the group wants to further strengthen its digital capabilities.

Chief executive Tim Dyson today hosts a capital markets event for institutional investors and analysts.

Quick facts: Next Fifteen Communications Group PLC

Price: 500 GBX

LSE:NFC
Market: LSE
Market Cap: £432.71 m
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