Next 15 Group PLC on Tuesday reported revenue growth and hailed a ‘strong’ balance sheet.
The London-based digital marketing firm said in the three months to October 31, net revenue was up 2.5% year-on-year. It noted organic growth in customer insight, customer delivery and business transformation, while customer engagement showed a decline as some clients delay spending.
For its financial year ending January 31, the company expects ‘full-year net revenue, profits and earnings per share to be in line with management expectations and to report another year of growth, despite macroeconomic headwinds, demonstrating the resilience of our diversified, decentralised business model. Despite inflationary pressures, full-year operating margins are expected to increase compared with last year, reflecting a significant improvement in trading from businesses integrated following the Engine acquisition, and tight cost control across the group.’
It added that its balance sheet remained ‘strong’ and that it anticipates to be in a modest net debt position at year-end.
Next 15 shares were 1.3% lower at 740.00 pence each on Tuesday afternoon in London.
Copyright 2023 Alliance News Ltd. All Rights Reserved.
