Proactive Investors - Run By Investors For Investors

Next Fifteen trading in line

Next 15 said its collection of data businesses under the MIG brand will be reorganised in the coming months under one consistent brand
Marketing white board
The group continues to deliver above industry average organic growth

Next Fifteen Communications Group Plc (LON:NFC), the digital marketing and communications group, expects its full-year results will be in line with expectations.

The board expects the group to make further good progress in the new fiscal year, which starts on February 1.

The company said it has seen organic revenue growth in the second half of the financial year continue to outrun sector averages. Organic revenue growth has been supplemented by the acquisitions made during the period including Activate, a digitally-driven demand generation consultancy and Planning-Inc., a business that designs and builds data platforms for the marketing organisations of large brands.

READ: Next Fifteen Communications picks up predictive analytics firm Planning-Inc

Net debt at the end of this month is expected to be in the region of £5mln.

“The group continues to deliver above industry average organic growth,” declared Richard Eyre, the chairman of Next Fifteen.

“This is large part due to its focus on data and technology to re-enforce its creative capabilities. With the geopolitical landscape remaining in flux, clients are looking for greater certainty from their marketing programmes which our agencies and data businesses are proving able to provide,” he added.

Peel Hunt, which has a target price of 630p for the stock, said it would be making no changes to its forecasts following today’s update.

Its forecast for year-on-year organic growth in fiscal 2019 is 7.8%.

Shares in Next Fifteen trade at 500p, down a penny on the day.

---adds broker comment and share price---

View full NFC profile View Profile

Next Fifteen Communications Group PLC Timeline

January 29 2019

Related Articles

March 22 2019
The healthcare-focused advisory group boasts good levels of forward bookings thanks to several new business wins at the beginning of 2019
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced
Live Company
June 13 2019
In June 2019 the company signed a five-year deal to create tours themed around properties owned by children’s television network Nickelodeon

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use