Breaking News
Get 40% Off 0
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance Find Stocks Now

Next Fifteen Communications: Strong North America Performance In H114

By Edison Stock MarketsApr 08, 2014 07:39AM ET
www.investing.com/analysis/boc-canada/softs-cocoa-firm-after-grind-data;-arabicas-climb-208980
Next Fifteen Communications: Strong North America Performance In H114
By Edison   |  Apr 08, 2014 07:39AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
NFGN
+2.14%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Strong North America performance in H114

With comparative H114 revenues up 6%, adjusted pre-tax profit up 13% and diluted adjusted EPS up 17%, Next Fifteen Communications Group's (NFC.LSE) interim results show that the group is returning to the growth tack, and we expect the group to report record profits in FY14. This performance was led by strong organic revenue growth of 13% in North America, the group’s largest geographic area. We are increasing our FY14e EPS by 0.1p to 9.4p and initiate FY15e EPS of 10.0p. The group is changing its fiscal year end to 31 January to better align with its client budgeting cycle. Last month, Peter Harris was appointed group CFO following four months as interim CFO. The group remains solidly financed at 13.5% debt/equity, which we estimate will fall to 5.7% by financial year-end.

Fifteen
Fifteen

FY14 interims show group back on growth tack

Group revenues of £49.3m were up 6%, comprising 4.1% organic growth and 2.6% acquisition-related, less 0.8% from the impact of sterling strength. The star of the show was 13% organic revenue growth in North America, where the transition from traditional marketing to content-based social and digital marketing is helping drive business there in both tech and non-tech sectors. However, tough market conditions elsewhere, especially in Europe, held back overall organic growth to 4%. Management says that a strong start, including the UK returning to growth, has been made to H214 despite sterling strength.

Transition to digital and social continues apace

In line with its ‘Digital Transition Plan’, initiated in H113, the group continues to transition its core business away from traditional communications services towards social and digital communications. Supporting this plan, the group acquired 51% of content marketing business Republic Publishing in January 2014, and the group’s now 54% owned grassroots developed digital marketing consultancy, Agent3, acquired B2B insight business Continuous Insight in February 2014. Management says that digital and social capabilities are increasingly key to pitch success.

To Read the Entire Report Please Click on the pdf File Below

Next Fifteen Communications: Strong North America Performance In H114
 

Related Articles

Next Fifteen Communications: Strong North America Performance In H114

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email