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Next 15 trades in line with expectations; confident in outlook

Wed, 24th Jan 2024 10:42

(Alliance News) - Next 15 Group PLC on Wednesday noted growing confidence for the new financial year, as it continues to trade in line with expectations.

Shares in the London-based digital marketing firm were up 4.0% to 842.20 pence each in London on Wednesday morning.

Next 15 expects to report another year of growth, with full-year net revenue, profits and earnings per share in line with management expectations. The company's financial year runs to January 31.

It said that the performance was despite "ongoing macroeconomic headwinds."

The company added that full-year operating margins are expected to "slightly increase" on-year. It said this reflects "an improvement in trading from businesses integrated following the Engine acquisition, and tight cost control across the group."

Looking ahead, Next 15 said it as had a series of new business wins, which gives the company confidence that growth will accelerate in the new financial year.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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