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31 Jan 2022 07:00
Next Fifteen Communications Group plc (“Next 15” or the “Group”)
Trading Update
Continued momentum and broad-based growth across all segments
Highlights
Strong revenue growth in Q4: 34% year-on-year, with 24% organic growth34% year-on-year revenue growth for full year with 24% organic growthVery encouraging performances across all segments and geographies continueContinued strong performance in Q4 sets us up well for a positive start to our new financial yearResults for the year to 31 January 2022 expected to be ahead of management expectationsNext 15, (AIM:NFC), the tech and data-driven growth consultancy, is pleased to announce that trading has continued to be strong and ahead of management expectations, helped by the strength of the US dollar.
For the three-month period to 31 January 2022, the Group’s total revenues are expected to be up by approximately 34% compared with the same period last year, with organic revenue growth of 24%. This will result in revenues for the year to 31 January 2022 being up 34% in total, with organic revenue growth of 24%. This strong performance is driving results ahead of market expectations and sets us up well for a positive start to our new financial year, albeit against increasingly tougher comparables.
The performance has been strong across all four areas of the Group, with each segment showing organic revenue growth of at least 15% in the year to 31 January 2022. Customer Delivery and Business Transformation have continued to be the fastest growing segments, whilst Customer Insight and Customer Engagement segments have shown a welcome recovery from Covid impacted performances in the prior year.
The Group will report final results for the year ended 31 January 2022 on 5 April 2022.
Tim Dyson, Next 15’s Chief Executive Officer said
“Our performance in Q4 was again strong, showing that there has been no change in demand for our wide range of growth-enhancing services as market challenges and disruption across industries continue. It is further validation of our model that growth was strong across all segments and geographies. We look forward to updating investors in greater detail when we announce our final results in April, including how we are accelerating investment in talent and product development to continue to innovate for clients and drive longer term growth.”
Enquiries:
Next Fifteen Communications Group plcTim Dyson, CEO+1 415 350 2801Peter Harris, CFO+44 (0)20 7908 6444
NumisMark Lander, Hugo Rubinstein+44 (0)20 7260 1000
BerenbergBen Wright, Mark Whitmore+44 (0)20 3207 7800
PowerscourtElly Williamson/ Sabine Pirone+44 (0)7970 246 725/+44 (0)7809 526834
About Next 15
Next 15 (AIM:NFC) is an AIM-listed tech and data-driven growth consultancy with operations in Europe, North America and across Asia Pacific. The Group has a strong track record of creating and acquiring high-performance businesses. For acquired businesses it offers an opportunity to take advantage of the Group’s global operational infrastructure and centralized resources to accelerate their growth. The Group has long-term customer relationships with many of the world’s leading companies including Google, Amazon, Facebook, Microsoft, IBM, American Express and Procter & Gamble.
The business operates across four segments, each of which describes how we help customers grow in different ways: Customer Insight helps them understand their opportunities and challenges; Customer Engagement optimises their reputation and digital assets; Customer Delivery helps them connect with customers to drive sales; and Business Transformation helps maximize long-term value through corporate positioning, business design and the development of new ventures.
At Next 15, success is underpinned by a people-led approach. Our purpose is to make our customers and our people the best versions of themselves, and our culture is empowering and respectful. We are seeking B Corp status as externally audited recognition of our commitment to our people and the planet alongside performance.
Our goal is to deliver above-market growth. Our revenues have grown by 106% over the last five years and we are aiming to double the size of the business in the next five years. This will be driven by the quality of the businesses, the strength of our customer relationships, the support our model gives them, and strong tech, data and digital tailwinds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220130005038/en/
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