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Trading Statement

3 Feb 2016 07:00

RNS Number : 8631N
Porta Communications PLC
03 February 2016
 

3 February 2016

 

 

Porta Communications Plc ("Porta" or "the Company")

 

Trading Statement

 

Trading at Porta Communications Plc in the second half of 2015 was very strong. Gross profit was almost £2.5m higher than the comparable period of 2014, despite the closure of the Brussels and Frankfurt offices, leaving full year growth at some 40 per cent compared with the £19.4m achieved in the previous year.

 

Reported EBITDA has more than doubled on the year, while Headline EBITDA is up over 40 per cent in the second half for a full year gain of nearly 17 per cent. Exceptional costs, predominantly reorganisation (closures and redundancy costs), were high following the implementation of the management programme to close non-performing companies and account groups ahead of some very senior hires in the current year. The appointment of Steffan Williams has already had a big impact at Newgate with a number of new business wins, including Glencore.

 

All of the benefits from these decisions will be felt in the current financial year.

 

On the trading front Newgate Australia continues to be one of the star performers, although the weakness of the Australian Dollar has hit the EBITDA line by more than £110,000. While Newgate Hong Kong had a very solid year with EBITDA margins of over 35 per cent. Elsewhere Redleaf Communications has enjoyed a record 12 months in its first full year as part of Porta while Publicasity has performed really well under its new management team.

 

Prospects for the current year look very exciting given the internal changes made and the quality of new senior recruits. New business levels and opportunities are extremely buoyant and we are looking at a number of potential acquisitions that will accelerate our growth plans if successful.

 

- ends -

 

Enquiries:

 

Porta Communications Plc

www.portacomms.com

David Wright, Chief Executive

Gene Golembiewski, Finance Director

 +44 (0) 20 7680 6500

 

Sanlam Securities UK Limited

Simon Clements / Virginia Bull

+44 (0) 20 7628 2200

 

Redleaf Communications - Media Enquiries

Charlie Geller / Emma Kane

+44 (0) 20 7382 4769

 

 

Notes to Editors:

 

Porta has two divisions:

• Communications - financial, corporate and consumer public relations, public affairs and research

• Marketing & Advertising - multi-capability marketing, brand and creative communications

 

The Group currently has offices in Aberdeen, Abu Dhabi, Beijing, Brisbane, Bristol, Canberra, Cardiff, Edinburgh, Hong Kong, London, Manchester, Melbourne, Singapore and Sydney.

 

The brands and companies it owns are: Newgate Communications, PPS Group, Redleaf Communications, 13 Communications, Publicasity, 2112 Communications and Summit Marketing Services.

 

Porta Communications' corporate website is - www.portacomms.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTMMGGZNZVGVZM
Date   Source Headline
6th Aug 20137:00 amRNSPorta Establishes Newgate Australia
29th Jul 20137:00 amRNSPre-Close Trading Statement
25th Jul 20137:00 amRNSDirectorate Change
26th Jun 20138:26 amRNSGrant of Share Options
18th Jun 201310:39 amRNSResult of AGM
18th Jun 201310:00 amRNSAGM Statement
6th Jun 20137:00 amRNSNewgate Establishes Office in Singapore
22nd May 20133:09 pmRNSPosting of Annual Report and Notice of AGM
13th May 20137:00 amRNSNewgate Extends Asian Affiliate Network
9th May 20137:00 amRNSFinal Results
2nd Apr 20131:32 pmRNSHolding(s) in Company
21st Mar 20138:34 amRNSHolding(s) in Company
18th Mar 20131:43 pmRNSResult of General Meeting
8th Mar 20132:33 pmRNSRelated Party Loans
8th Mar 20137:00 amRNSPorta acquires Cauldron Consulting Limited
28th Feb 20137:00 amRNS£4 million Placing
22nd Jan 201312:38 pmRNSHolding(s) in Company
21st Jan 20137:00 amRNSPorta Acquires Assets From Marketing Agency
16th Jan 20137:00 amRNSNewgate Signs Network Affiliation Agreement
14th Jan 20137:01 amRNSTrading Update
14th Jan 20137:00 amRNSChange of Adviser
3rd Dec 201212:29 pmRNSRelated Party Loan
23rd Nov 20129:46 amRNSSettlement of Litigation
6th Nov 20127:00 amRNSClose of Offer for WFCA plc
2nd Nov 201211:49 amRNSTotal Voting Rights
23rd Oct 20127:00 amRNSOffer Update
22nd Oct 20127:00 amRNSRelated Party Loan
18th Oct 20127:00 amRNSNotice of Closing of Offer
16th Oct 201210:05 amRNSHolding(s) in Company
9th Oct 20127:05 amRNSChange of Registered Office
9th Oct 20127:00 amRNSOffer Update
5th Oct 201212:31 pmRNSDirector/PDMR Shareholding
28th Sep 20123:31 pmRNSTotal Voting Rights
27th Sep 201212:00 pmRNSHalf Yearly Report
26th Sep 20127:00 amRNSDirectorate Change
24th Sep 20127:00 amRNSHolding(s) in Company
20th Sep 20127:00 amRNSOffer Update
11th Sep 201211:10 amBUSForm 8.3 - Porta Communications PLC
11th Sep 201211:03 amBUSForm 8.3 - Porta Communications PLC
10th Sep 20127:00 amRNSOffer declared unconditional in all respects
7th Sep 20127:00 amRNSOffer Unconditional as to Acceptances
3rd Sep 20124:41 pmRNSForm 8.3 - Porta Communications plc
31st Aug 20127:00 amRNSForm 8.3 - Porta Communications plc
29th Aug 20125:56 pmRNSMichael Richards - Form 8.3 - WFCA PLC
21st Aug 20123:41 pmRNSForm 8 (OPD) (PORTA COMMUNICATIONS)
21st Aug 20123:33 pmRNSForm 8 (OPD) (WFCA)
17th Aug 20122:00 pmRNSPORTA OPENING DISCLOSURE IN OWN SHARES
17th Aug 20122:00 pmRNSPORTA OPENING DISCLOSURE IN WFCA
17th Aug 201212:44 pmRNSForm 8.3 - Porta Communication Plc
17th Aug 20127:00 amRNSOffer for WFCA plc

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