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Trading Statement

25 Jan 2023 07:00

 

Next Fifteen Communications Group plc (“Next 15” or the “Group”)

Year End Trading Update

Continued momentum and broad-based growth across all segments

Highlights

Strong revenue growth in H2: expected to be up 47% year-on-year, with 12% organic growth55% year-on-year revenue growth for full year with 20% organic growthGood performances across all segments continuesResults for the year to 31 January 2023 expected to be in line with management expectations

Next 15, (AIM:NFC), the tech and data-driven growth consultancy, is pleased to announce that trading during the second half of the year has continued to be strong, with results for the year to 31 January 2023 expected to be in line with management expectations.

For the six-month period to 31 January 2023, the Group’s total revenues are expected to be up by approximately 47% compared with the same period last year, with organic revenue growth of 12%. This will result in revenues for the year to 31 January 2023 being up 55% in total, with organic revenue growth of 20%. Despite the tougher macro-economic environment, this robust performance is driving results which are expected to be in line with management expectations and we remain well placed to deliver further progress in the year ahead.

The performance has been positive across all four areas of the Group, with each segment showing organic revenue growth of at least 8% in the year to 31 January 2023. Business Transformation has continued to be the fastest growing segment, whilst our Customer Delivery, Customer Insight and Customer Engagement segments have continued to perform well.

The Group continues to be highly cash generative and retains a healthy balance sheet with net cash expected to be approximately £20m as at 31 January 2023. This leaves the Group well placed to make further investments and acquisitions in the year ahead.

The Group will report final results for the year ended 31 January 2023 on 25 April 2023.

Tim Dyson, Next 15’s Chief Executive Officer said:

“Against a challenging market backdrop, we have delivered a strong performance for the year. We remain well positioned to make further progress in the year ahead and despite the macro-economic headwinds, we are still delivering good growth and are confident of meeting management expectations. We look forward to updating investors in greater detail when we announce our final results in April.”

Enquiries:

Next Fifteen Communications Group plc Tim Dyson, CEO+1 415 350 2801Peter Harris, CFO+44 (0)20 7908 6444

Numis Mark Lander, Hugo Rubinstein+44 (0)20 7260 1000

Berenberg Ben Wright, Mark Whitmore+44 (0)20 3207 7800

MHP (PR adviser to Next 15) Katie HuntEleni MenikouPete LambieRobert Collett-Creedy+44 (0)7710 032657Next15@mhpc.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20230124006007/en/

Copyright Business Wire 2023

Date   Source Headline
14th Jul 20223:20 pmRNSForm 8.3 - Next Fifteen Communications Group plc
14th Jul 20223:11 pmRNSForm 8.3 - Next Fifteen Communications Group PLC
14th Jul 20222:51 pmRNSForm 8.3 - Next Fifteen Communications Group plc
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14th Jul 20221:40 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
14th Jul 202211:51 amRNSForm 8.5 (EPT/RI)
14th Jul 202210:38 amRNSForm 8.5 (EPT/NON-RI) - Next Fifteen Communication
14th Jul 20227:00 amRNSForm 8.3 - Next Fifteen Communications
13th Jul 20223:05 pmRNSForm 8.3 - Next Fifteen Communications Group plc
13th Jul 20221:49 pmRNSForm 8.3 - Next Fifteen Communications Group plc
13th Jul 20221:45 pmRNSForm 8.3 - M&C Saatchi plc
13th Jul 20221:13 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
13th Jul 202211:01 amBUSHolding(s) in Company
13th Jul 202210:21 amRNSForm 8.5 (EPT/NON-RI)
13th Jul 202210:03 amRNSForm 8.5 (EPT/RI)
13th Jul 20227:39 amGNWForm 8.5 (EPT/RI) - Next Fifteen Communications Group plc
12th Jul 20223:20 pmRNSForm 8.3 - Next Fifteen Communications Group plc
12th Jul 20221:51 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
12th Jul 20221:09 pmRNSForm 8.3 - Next Fifteen Communications Group plc
12th Jul 20221:05 pmRNSForm 8.3 - M&C Saatchi plc
12th Jul 202212:21 pmRNSForm 8.3 - [Next Fifteen Communications Group plc]
12th Jul 202212:05 pmRNSForm 8.3 - Next Fifteen Communications Group PLC
12th Jul 20229:36 amRNSForm 8.5 (EPT/NON-RI)
12th Jul 20228:47 amGNWForm 8.5 (EPT/RI) - Next Fifteen Communications Group plc
11th Jul 20223:20 pmRNSForm 8.3 - Next Fifteen Communications Group plc
11th Jul 20222:21 pmRNSForm 8.3 - [Next Fifteen Communications Group plc]
11th Jul 20221:33 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
11th Jul 20221:15 pmRNSForm 8.3 - Next Fifteen Communications Group plc
11th Jul 20221:11 pmRNSForm 8.3 - M&C Saatchi plc
11th Jul 202210:59 amRNSForm 8.5 (EPT/RI) - Next Fifteen Communications G
11th Jul 20229:59 amRNSForm 8.5 (EPT/NON-RI)
11th Jul 20229:07 amRNSForm 8.5 (EPT/RI) - Next Fifteen Communications
11th Jul 20228:28 amGNWForm 8.5 (EPT/RI) - Next Fifteen Communications
8th Jul 20223:20 pmRNSForm 8.3 - Next Fifteen Communications Group plc
8th Jul 20222:50 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
8th Jul 20222:22 pmRNSForm 8.3 - [Next Fifteen Communications Group plc]
8th Jul 20221:57 pmRNSForm 8.3 - Next Fifteen Communications Group PLC
8th Jul 202212:26 pmRNSForm 8.3 - Next Fifteen Communications Group plc
8th Jul 202212:22 pmRNSForm 8.3 - M&C Saatchi plc
8th Jul 202212:01 pmRNSForm 8.5 (EPT/RI)
8th Jul 202211:02 amRNSForm 8.3 - NEXT FIFTEEN COMMUNICATIONS ORD 2.5P
7th Jul 20223:21 pmRNSForm 8.3 - Next Fifteen Communications Group PLC
7th Jul 20222:57 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc
7th Jul 202212:52 pmRNSForm 8.3 - [Next Fifteen Communications Group plc]
7th Jul 202211:26 amRNSForm 8.3 - Next Fifteen Communications Group plc
7th Jul 202211:21 amRNSForm 8.3 - M&C Saatchi plc
7th Jul 202210:10 amRNSForm 8.5 (EPT/NON-RI)
7th Jul 20229:10 amRNSForm 8.5 (EPT/RI) - Next Fifteen Communications
6th Jul 20223:20 pmRNSForm 8.3 - Next Fifteen Communications Group plc
6th Jul 20223:03 pmGNWForm 8.3 - Octopus Investments - Next Fifteen Communications Group plc

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