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Interim Management Statement

15 Nov 2012 07:00

RNS Number : 1649R
Huntsworth PLC
15 November 2012
 



 

15 November 2012

Huntsworth plc

("Huntsworth" or "the Group")

 

Interim Management Statement

 

 

Huntsworth plc, the international public relations and healthcare communications group, today publishes its Interim Management Statement for the period since 30 June 2012.

The Board expects 2012 profits before tax and highlighted items to be significantly ahead of 2011, although at the lower end of current market expectations.

Group revenues in the third quarter have, in common with other companies in the marketing services sector, been adversely affected by the economic conditions in the UK and Europe - which account for 60% of group revenues - and by the downturn in financial and corporate activity in the UK financial markets.

Group like-for-like revenues declined by 3.6% in the third quarter against 7.0% growth in 2011. Huntsworth Health reported growth of 6.8% and Red growth of 11.4%. Grayling, which has the majority of its divisional revenues in Europe, reported a decline of 7.6% and Citigate, the financial public relations division, a decline of 17.2%.

Sally Withey, Chief Operating Officer and Finance Director, said:

"Huntsworth Health showed strong revenue growth in Q3 with no sign of the downturn which affected Q4 2011 and Red continued to show excellent revenue growth. In Grayling, new multi-office business could not offset a further slowdown in Q3 across the Eurozone. In Citigate, revenues in Europe and the Far East showed some growth but the division was held back in London by the continuing lack of activity in the UK financial markets.

"Whilst revenues in the third quarter were softer than anticipated, costs have been controlled and we therefore expect to show a significant improvement in profitability for calendar 2012."

The balance sheet remains robust and we continue to operate comfortably within our banking covenants.

 

Contacts:

Huntsworth plc: +44 (0)207 224 8778

Peter Chadlington, Chief Executive

Sally Withey, Chief Operating Officer and Finance Director

 

Citigate Dewe Rogerson: +44 (0)207 638 9571

Simon Rigby

Angharad Couch

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSBKQDQOBDDNDD
Date   Source Headline
16th Mar 20204:54 pmRNSHolding(s) in Company
16th Mar 20204:02 pmGNWForm 8.3 - [Huntsworth Plc]
16th Mar 20203:15 pmBUSForm 8.3 - Huntsworth plc
16th Mar 20203:09 pmRNSHolding(s) in Company
16th Mar 20203:03 pmRNSHolding(s) in Company
16th Mar 20203:00 pmRNSForm 8.3 - Huntsworth Plc
16th Mar 20202:44 pmRNSForm 8.3 - Huntsworth plc
16th Mar 20202:23 pmBUSFORM 8.5 (EPT/NON-RI) - HUNTSWORTH PLC - AMENDMENT
16th Mar 20202:17 pmBUSForm 8.5 (EPT/NON-RI) - HUNTSWORTH PLC Amendment
16th Mar 20202:13 pmRNSHolding(s) in Company
16th Mar 20202:05 pmRNSHolding(s) in Company
16th Mar 202012:25 pmRNSForm 8.3 - Huntsworth PLC
16th Mar 202011:30 amBUSFORM 8.5 (EPT/NON-RI) - HUNTSWORTH PLC
16th Mar 202011:28 amRNSForm 8.5 (EPT/RI)
16th Mar 20209:58 amRNSForm 8.3 - HUNTSWORTH PLC
16th Mar 20209:09 amRNSForm 8.3 - Huntsworth Plc
16th Mar 20208:59 amBUSForm 8.5 (EPT/NON-RI) - HUNTSWORTH PLC
13th Mar 20206:05 pmRNSUpdate on letters of intent
13th Mar 20204:32 pmPRNForm 8.3 - Huntsworth AMENDMENT
13th Mar 20203:55 pmRNSHolding(s) in Company
13th Mar 20203:20 pmRNSForm 8.3 - Huntsworth plc
13th Mar 20203:15 pmRNSForm 8.3 - HUNTSWORTH PLC
13th Mar 20203:15 pmBUSFORM 8.3 - HUNTSWORTH PLC
13th Mar 20203:00 pmRNSForm 8.3 - Huntsworth Plc
13th Mar 20202:52 pmGNWForm 8.3 - [Huntsworth Plc]
13th Mar 20202:45 pmRNSForm 8.3 - Huntsworth plc
13th Mar 20202:44 pmRNSForm 8.3 - Huntsworth PLC
13th Mar 20201:56 pmBUSForm 8.5 (EPT/NON-RI) - HUNTSWORTH PLC - AMENDMENT
13th Mar 20201:42 pmRNSForm 8.3 - Huntsworth plc
13th Mar 20201:00 pmRNSForm 8 (OPD) - Huntsworth plc
13th Mar 202012:21 pmRNSForm 8.3 - Huntsworth PLC
13th Mar 202012:16 pmRNSForm 8 (DD) - Huntsworth Plc
13th Mar 202011:37 amRNSForm 8.5 (EPT/RI)
13th Mar 202011:08 amPRNForm 8.3 - Huntsworth
13th Mar 202011:07 amRNSForm 8.3 - Huntsworth plc
13th Mar 202010:50 amRNSForm 8.3 - Huntsworth plc
13th Mar 202010:42 amRNSHolding(s) in Company
13th Mar 202010:12 amRNSForm 8.3 - Huntsworth PLC
13th Mar 20209:53 amRNSForm 8.3 - Huntsworth Plc
13th Mar 20209:41 amRNSForm 8.5 (EPT/RI) - Huntsworth plc
13th Mar 20208:52 amRNSHolding(s) in Company
13th Mar 20208:20 amRNSForm 8.3 - Huntsworth Plc
12th Mar 20206:30 pmRNSForm 8 (DD) - Huntsworth plc
12th Mar 20203:38 pmRNSHolding(s) in Company
12th Mar 20203:15 pmBUSForm 8.3 - Huntsworth plc
12th Mar 20203:08 pmRNSForm 8.3 - Huntsworth PLC
12th Mar 20203:06 pmRNSUpdate on irrevocable undertakings
12th Mar 20202:53 pmRNSForm 8.3 - Huntsworth Plc
12th Mar 20202:08 pmRNSUpdate on letters of intent
12th Mar 202012:55 pmRNSDirector/PDMR Shareholding

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