logo-loader
Retail & consumerMedia
Next Fifteen Communications Group PLC

Next Fifteen traded in line with expectations in 2017

The group earns around 60% of its revenues and profits in the US, so naturally it has suffered some fall-out from the recent decline in the value of the greenback

Nike shoe boxes
Growth comes off the back of the expansion of existing clients, such as Samsung, and the addition of Slack and Nike as significant new customers

Digital communications group Next Fifteen Communications Group Plc (LON:NFC) said it traded in line with expectations in 2017.

The group has seen an improvement in organic revenue growth in the second half of the financial year, with the year-on-year percentage growth rate expected to be in the high single digits. This comes off the back of the expansion of existing clients, such as Samsung, and the addition of Slack and Nike as significant new customers.

READ: Next Fifteen Communications confident on outlook as acquisitions and client wins boost trading

Next Fifteen's balance sheet remains in good health with net debt better than anticipated at around £12mln as at 31 January 2018.

The group earns around 60% of its revenues and profits in the US, so naturally, it has suffered some fall-out from the recent decline in the value of the greenback.

On the plus side, the recent changes to US tax law should have a long-term beneficial impact on its earnings, although in the short-term the group expects to take a small, one-off, non-cash charge relating to deferred tax.

READ: Next Fifteen moves into voice-activated marketing with Brandwidth acquisition

"The group continues to focus on data, content and technology. We are pleased that data and analytics are increasingly embedded across the group; we believe that over time this will drive growth in our technology and content businesses as customers' marketing activities increasingly utilise these tools to predict campaign success and spend levels," said Richard Eyre, the chairman of Next Fifteen.

Quick facts: Next Fifteen Communications Group PLC

Price: £5.70

Market: LSE
Market Cap: £486.46 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Next Fifteen Communications Group PLC named herein, including the promotion by the Company of Next Fifteen Communications Group PLC in any...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Another year of record revenues and earnings for Next Fifteen Communications

Tim Dyson, chief executive of Next Fifteen Communications Group Plc (LON:NFC), spoke to Proactive Investors following the release of their full year results. The digital communication company enjoyed another year of record revenues and earnings last year. Revenues rose by 15% to...

on 4/4/18

2 min read