Next Fifteen FY results to beat management expectations

Next Fifteen Communications said on Thursday that full-year results are set to be ahead of its expectations as trading in the first four months of the new financial year has continued to be strong and ahead of management forecasts.

The company said revenue grew 21% year-on-year in the first quarter, with organic growth of 17%. This trend has accelerated into the second quarter, albeit against weaker Covid-impacted comparables.

Next Fifteen said organic growth is expected to moderate in the second half, given the relatively strong performance in the previous year, but full-year organic growth is still expected to be low double digits. Consequently, results for the year ending 31 January 2022 will be ahead of management expectations.

"The performance has been strong across all four areas of the group," it said. "Customer Delivery, which was the highest growth area last year, has remained the top performer and the group has also seen robust performances from the Business Transformation, Customer Insight and Customer Engagement segments."

Next Fifteen also hailed solid performances from recent acquisitions Shopper Media Group and Blueshirt Capital Advisors.

At 0850 BST, the shares were up 8.4% at 932p.