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Interim Results for six months to 31 January 2006

04/04/2006

Next Fifteen Communications Group plc ("Next Fifteen" or "the Group"), the international public relations consultancy group, today reports record profitability and revenues for its financial results for the six months to 31 January 2006.

Financial highlights:


Revenues up 29.6% to £26.5 million (2005: £20.4 million)

Adjusted profit before tax increased by 22.4% to £1.8 million (2005: £1.5 million)

Adjusted earnings per share up by 17.6% to 2.47p (2005: 2.10p)

Interim dividend increased 10.6% to 0.365p (2005: 0.33p)

Corporate progress:

Acquisition of Credo Communications in the UK and Parachute Marketing in the US; successful integration into Bite Communications

Strong overall performance by the Group's technology and non-technology focused businesses; growth of existing client mandates and significant new client wins

Significant revenue growth from US operations; up 58% year on year following acquisition of OutCast in 2005

Organic revenue growth in Asia up 32%

Stake in Lexis Public Relations to increase to 51% in April; further strengthening Group's presence beyond technology sector. Remaining equity to be purchased over next four years.

Commenting on the results, Will Whitehorn, Chairman of Next Fifteen, said:

"Next Fifteen Communications Group plc is pleased to report record half year results for the six months to 31 January 2006, achieving record revenues, profitability and earnings.

"The Group's strategy remains focused on driving organic growth from its existing PR brands and supplementing this with targeted acquisitions that offer growth potential and complement the existing PR businesses.

"The Group is pleased to report strong performances from its operating subsidiaries. In particular, its Bite and OutCast businesses have shown strong revenue and profit growth.

"We are confident that the Group's strong organic growth prospects and recent acquisitions coupled with further structural changes being made to the Group, will provide a good platform from which to generate further growth at the top and bottom line in the next financial year."

- Ends -

 

For further information:

Next Fifteen Communications Group
Tim Dyson, Chief Executive Officer
001 415 350 2801

David Dewhurst, Finance Director
07974 161 183

Merlin
020 7653 6620

Vanessa Maydon
07802 961 902

Rebecca Penney
07795 108 178

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