NEXT FIFTEEN COMM: Trading Statement
January 25 2023 - 2:00AM
UK Regulatory
TIDMNFC
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 growth
-- 55% year-on-year revenue growth for full year with 20% organic growth
-- Good performances across all segments continues
-- Results 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
GBP20m 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 2801
Peter 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 Hunt
Eleni Menikou
Pete Lambie
Robert Collett-Creedy
+44 (0)7710 032657
Next15@mhpc.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230124006007/en/
CONTACT:
Next Fifteen Communications Plc
SOURCE: Next Fifteen Comm
Copyright Business Wire 2023
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