Digital marcoms group Next Fifteen Communications has reported net revenue of £224m for the year ended 31st January 2019, with organic growth of 6.4% on a constant currency basis, and pre-tax profit up 23% to £36m. Research division Savanta stood out with organic growth of 30.6%.
In February, Next15's MIG Global data and insights group combined its research agencies Morar HPI, VIGA, Charterhouse and Circle into one new brand, Savanta. According to Next15, this data and analytics segment produced an 'outstanding performance' during the period, with reported net revenue growing by 67.3% to £23.2m, with operating profit of £7.2m at an operating margin of 30.9%.
In the US, the group said its businesses have continued to perform steadily, with total net revenues up 1.7% to £117.9m (up 2.8% at constant currency). In the UK, it reported strong organic net revenue growth of 15.5%.
Commenting on the results, Chairman Richard Eyre (pictured) said: 'We are making great progress as the results demonstrate. Next 15 has evolved from a pure PR group into a data and technology-driven marketing group. There is more change to come as the industry continues to evolve and as our customers wrestle with the impact technology is having on their own business models. We are excited about our future as we believe we have the right foundational platform of businesses, products, talent and customers to tackle the next stage in our evolution. Evolution that we see delivering further strong growth in the years ahead'.
Web site: www.next15.com .
All articles 2006-19 written and edited by Mel Crowther and/or Nick Thomas.