Trading Statement

LONDON--()--

5 August 2014

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

Trading update

Next 15, the digital communications group, is pleased to report that trading in the six months to the end of July 2014 has seen a continuation of the positive growth trends seen in the previous six months. In particular and for the first time in the Company's history, management expects revenues for the 12 months to July 2014 to have exceeded £100m. This has come from continued strong growth in the US as well an improvement in the performance of the UK. Mainland Europe has also seen a modest recovery whilst Asia Pacific is holding steady.

As previously disclosed, the Board has decided to move the financial year end to January. As a result of this change, the Company's upcoming reporting calendar will be as follows:

  • Unaudited results for the 6 month period to 31 July 2014 to be announced on 7th October 2014.
  • Audited results for the 18 month period to 31 January 2015 to be announced by the end of April 2015.

As noted at the previous interims to shareholders, the Company has been reviewing its operations outside the UK and US markets and has now decided to merge its businesses across Asia and in some markets in mainland Europe. Text 100 will become the sole brand in these markets giving it a business with greater scale and efficiency. There are expected to be some one-off costs associated with this decision but it should result in a stronger, more profitable set of operations in these markets. The Company will be in a position to report in more detail on the impact for the group at its next report to shareholders in October.

Shareholders should note that the strength of sterling, against the dollar in particular, will hold back reported revenues and profits in the 12 months to July 2014. Despite this, the group expects to deliver results at least in line with management expectations.

Enquiries:

   
 

Next Fifteen Communications Group plc

Tim Dyson, CEO +1 415 350 2801
Peter Harris, CFO +44 (0) 20 8846 0853
 

Canaccord Genuity Limited

Simon Bridges +44 (0) 20 7523 8000
Henry Fitzgerald-O`Connor

Short Name: Next Fifteen Comm
Category Code: TST
Sequence Number: 427675
Time of Receipt (offset from UTC): 20140804T190233+0100

Contacts

Next Fifteen Communications Plc

Contacts

Next Fifteen Communications Plc