logo-loader
Retail & consumerMedia
Next Fifteen Communications Group PLC

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---

Quick facts: Next Fifteen Communications Group PLC

Price: £5.74

Market: LSE
Market Cap: £489.35 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