Highlights
- Revenues increased by 18.4%
- Group organic revenue growth of 4.1% with organic growth of 10.3% in the US
- Headline diluted earnings per share increased by 43.1%
- Significant clients wins including Intel, Autodesk, Criteo, Airbnb, West Elm, Canary and trainline
- £2.4m invested on UK acquisitions and £3.8m on early buyout of non-controlling interests in former acquisitions following the share placing in January 2015
- Encore, Incredibull and Animl acquired during period and performing to expectations
Commenting on the results, Chairman of Next 15, Richard Eyre said:
Next 15 has made a strong start to the financial year with profits up over 30% and revenues up over 18%. These results have been driven by continued, strong, organic revenue growth in our North American business of 10.3%. However, we have also seen doubled profitability in Asia Pacific and the UK. In Asia Pacific this has been achieved by the moves to simplify the business. In the UK it follows a series of strategic acquisitions as well as margin gains within our existing agencies. Looking forward the Group is well placed to meet its expectations and as such the Board has increased the interim dividend by 20% to 1.2p per share.
