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18 May 2012 07:00
18th May 2012
Huntsworth plc ("Huntsworth")
Interim Management Statement
Huntsworth issues this Interim Management Statement to cover the period from 1 January 2012 to date.
Lord Chadlington, Chief Executive, said:
"We have had a strong first quarter with like for like revenue growth for the Huntsworth group of 3.8%.
"Grayling achieved 3.8% like-for-like revenue growth in the first quarter driven from digital revenues and strong performance in the Middle East. Huntsworth Health also benefitted from increased digital activity and achieved 3.3% like-for-like revenue growth. First quarter revenues at Red grew by 19.4% on a like-for-like basis following significant client wins last year including Boots, Adobe, Symantec and Gatwick Airport. Financial markets remain subdued and revenues at Citigate declined by 2.7% in the first quarter on a like for like basis.
"As the uncertain economic outlook - particularly in Europe - continues, management is keeping tight control of costs and therefore, even with modest full year revenue growth, expects improvement in operating margins and profitability for the first half and for the year as a whole.
"The Huntsworth group's financial position remains robust and the group is trading in line with management's revenue and profit expectations."
Contacts:
Huntsworth plc: Tel: + 44 20 7224 8778
Lord Chadlington, Group Chief Executive
Sally Withey, Group Chief Operating Officer and Group Finance Director
Citigate Dewe Rogerson Tel: + 44 20 7638 9571
Simon Rigby:
Angharad Couch
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