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17 May 2013 07:00
17 May 2013
Huntsworth plc
("Huntsworth" or "the Group")
Huntsworth today publishes its Interim Management Report to cover the period from 1st January 2013 to date.
Lord Chadlington, Huntsworth's Chief Executive, said:
"The general trading environment continues to be difficult in the UK and Europe but the Group has a made a good start to 2013 and we expect trading for the full year to remain in line with management expectations. Huntsworth Health continues to perform well and has won a further 3 digital Agency of Record mandates so far this year. Citigate is seeing more transactional revenues than in prior months and advised on the successful IPO of esure and is currently advising on the potential IPO of Partnership. Red is making steady progress, having added a number of prestigious new accounts including Ford Retail & Air France KLM. The digital and revenue growth investment plan is underway at Grayling, underpinned by some good wins which extend the scope of work for some key clients, such as M&S and Hilton, into new areas and markets.
"Our new relationship with Blue Focus, one of Asia's largest PR firms which is acquiring a 19.8% stake in Huntsworth, is progressing well and at an operational level our businesses are beginning to work together well. This, together with our revenue growth investment plan and further good progress in our digital businesses, gives us confidence in the further development of the Group.
"In due course when the Blue Focus deal is completed, the Board will hold a capital markets day to present the steps taken to develop Group trading in Asia Pacific in general and China in particular, and to report the expected effect on 2014 and 2015 trading."
Contacts:
Huntsworth plc +44 (0)20 7224 8778
Peter Chadlington, Chief Executive
Sally Withey, Chief Operating Officer and Finance Director
Citigate Dewe Rogerson +44 (0)20 7638 9571
Simon Rigby
Angharad Couch
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