NFC: Next Fifteen Comm: Trading Statement

  NFC: Next Fifteen Comm: Trading Statement

UK Regulatory Announcement

LONDON

21 January 2014

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

                            AGM trading statement

Next 15 is pleased to report that it has made a good start to the new
financial year, largely driven by double digit organic growth and strong
overall margins in our Northern American business.

During the first five months to 31 December, the Group has seen its Bite
subsidiary return to profitability while the rest of the Group continues to
see trading patterns in line with the second half of the previous financial
year. Thanks to this good start, the Group is trading in line with management
expectations. This is despite the current strength of Sterling against both
the US dollar and the Euro, which will hold back reported revenues and
profits.

The Group continues to invest in the transition of the business towards
digital marketing. Accordingly, we recently acquired a 51% interest in
Republic Publishing Limited, a content marketing business based in London
whose clients include: Nokia, Vodafone, Sharp and Red Bull. For the year ended
31 October 2013 Republic Publishing had revenues of £2.5 million, adjusted
profit before tax of £0.4 million and net assets of £0.6 million.

Progress has been made in the search for a permanent Finance Director.
Candidates are being interviewed currently with an appointment expected in
February.

Enquiries:

Next Fifteen Communications Group plc
Tim Dyson, CEO +1 415 350 2801

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

Contact:

Next Fifteen Communications Plc
 
Press spacebar to pause and continue. Press esc to stop.