Still represents decent value looking forward with forecast expansion overseas and a consolidation of newly acquired Incredibull.
Next Fifteen Communications Group plc, the digital communications group, is pleased to report that the positive start to the new financial year seen at the preliminary results in April has extended to the first five months of the period. Driven by continued strong revenue growth from our North American businesses, the period has also seen sustained margin improvement in the UK and Asia as the Group’s work to simplify its non-US operations progresses.
In terms of business development, the recent acquisitions of Animl, Encore and Morar in the UK are making a growing contribution. The Group also announced on 2 July 2015 that it had acquired the brand-marketing agency, IncrediBull, which will become a part of Text 100 next year. Next 15 has now made four separate investments to strengthen its UK business in the last seven months. Elsewhere, we have accelerated our plans for Agent3 to enter the US market in the current year after achieving early success in Europe.
Since the year end the Group has added notable additional business from Google, Unilever and Carnival Cruise Lines. These wins, combined with the performances noted above, put the Group in a strong position to deliver on the Board’s expectations for the year to January 2016.
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