Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHNT.L Regulatory News (HNT)

  • There is currently no data for HNT

Interim Management Statement

13 Nov 2013 07:00

RNS Number : 8456S
Huntsworth PLC
13 November 2013
 



 

Huntsworth plc

("Huntsworth" or "the Group")

 

 

Huntsworth today publishes its Interim Management Statement covering the period from 1st July 2013 to date.

 

Huntsworth, the public relations and healthcare communications group, remains on track to meet management expectations for 2013 amid initial signs of a pick-up in some areas of the public relations market.

 

Sally Withey, Group Chief Operating Officer commented: "In the marketing services sector, public relations is normally the last area to go into a recessionary period and is also usually the last out. In the past, financial public relations has been the first area to show signs of recovery, followed by the specialist practice areas such as healthcare with the consumer and corporate sectors being the last to recover. This pattern is reflected in our Q3 results which showed an overall revenue decline of 0.9%, but with some early signs of recovery in the financial and specialist divisions.

 

Citigate our financial public relations division, (13% of the Group), increased revenues by 7.7%; Huntsworth Health (33% of the Group) was up 3.3%; the rate of revenue decline in Grayling (45% of Group) has slowed to 5.4% and Red (8% of Group) saw a decline of 3.9%.

 

In recent years, Huntsworth's revenue growth has been severely impacted by the unprecedented recession in Europe and the UK which together account for around 60% of Group revenues. However, net debt has now fallen to under £40m and the Group continues to invest in growing PR revenues in USA, Asia Pacific and the Middle East - all of which provide growth opportunities which will offset Huntsworth's dependence on the economic recovery in Europe.

 

In October, the Group received £36.5 equity investment from Blue Focus, one of the leading PR and communication companies in China. The strategic alliance has started well with one major new shared annual contract and several smaller project initiatives. We are now working closely with UK Trade and Investment in the British Embassy and we expect this to generate more business both inside and outside China during 2014."

 

 

 

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

Georgia Colkin

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSNKBDPPBDDBDD
Date   Source Headline
14th Dec 20122:22 pmRNSBoard Changes
3rd Dec 20123:41 pmRNSBlocklisting Interim Review
3rd Dec 20123:37 pmRNSTotal Voting Rights
15th Nov 20127:00 amRNSInterim Management Statement
14th Nov 20123:20 pmRNSDirector/PDMR Shareholding
7th Nov 201212:40 pmRNSAdditional Listing
22nd Oct 20123:55 pmRNSHolding(s) in Company
11th Oct 201210:03 amRNSScrip Dividend Alternative
25th Sep 20124:32 pmRNSHolding(s) in Company
3rd Sep 201211:32 amRNSTotal Voting Rights
24th Aug 201210:16 amRNSHolding(s) in Company
17th Aug 201211:06 amRNSAdditional Listing
15th Aug 20127:00 amRNSInterim Results
9th Aug 20127:00 amRNSNotice of Results
1st Aug 20129:08 amRNSTotal Voting Rights
30th Jul 201211:58 amRNSHolding(s) in Company
13th Jul 20125:29 pmRNSTransaction in Own Shares
6th Jul 201211:21 amRNSDirector/PDMR Shareholding
5th Jul 20127:00 amRNSDirectorate Change
5th Jul 20127:00 amRNSDirectorate Change
3rd Jul 20129:47 amRNSAdditional Listing
29th Jun 201211:30 amRNSShare Buy-back Programme
11th Jun 201211:52 amRNSScrip Dividend Alternative
1st Jun 20129:57 amRNSBlocklisting Interim Review
18th May 201211:16 amRNSResult of AGM
18th May 20127:00 amRNSAppointment of Non-Executive Director
18th May 20127:00 amRNSInterim Management Statement
2nd May 201210:34 amRNSAnnual Information Update
18th Apr 20129:07 amRNSNotice of AGM
4th Apr 20129:00 amRNSDirector/PDMR Shareholding
3rd Apr 20127:00 amRNSPreliminary Results
1st Feb 20129:30 amRNSTotal Voting Rights
31st Jan 20122:05 pmRNSDirector/PDMR Shareholding
31st Jan 20127:00 amRNSPre Close Trading Statement
11th Jan 20127:00 amRNSTransaction in Own Shares
4th Jan 20129:18 amRNSTotal Voting Rights
21st Dec 20117:00 amRNSTransaction in Own Shares
20th Dec 20117:00 amRNSTransaction in Own Shares
19th Dec 20117:00 amRNSTransaction in Own Shares
15th Dec 20117:00 amRNSTransaction in Own Shares
14th Dec 20117:00 amRNSTransaction in Own Shares
5th Dec 20117:00 amRNSTransaction in Own Shares
2nd Dec 20117:00 amRNSTransaction in Own Shares
1st Dec 20119:28 amRNSBlocklisting Interim Review
1st Dec 20119:25 amRNSTotal Voting Rights
1st Dec 20117:00 amRNSTransaction in Own Shares
29th Nov 20117:00 amRNSTransaction in Own Shares
25th Nov 20117:00 amRNSTransaction in Own Shares
24th Nov 201110:00 amRNSAmendment: Transaction in Own Shares
24th Nov 20119:15 amRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.