Next Fifteen Comm UK Regulatory Announcement: Trading Statement

LONDON–(BUSINESS WIRE)– 

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

Trading Update

Highlights

  • Strong revenue growth in Q1: 21% year-on-year, with 17% organic growth
  • Growth accelerating in Q2 driving results ahead of management expectations
  • Strong performances across all segments and geographies
  • Strong margin performance – anticipate investments in H2 in productization and some additional costs as Covid impact recedes
  • Strong balance sheet with net cash

Next 15 is pleased to announce that trading in the first four months of the new financial year has continued to be strong and ahead of management expectations.

For the three-month period to 30 April 2021, the Group’s total revenues were up by approximately 21% compared with the same period last year, with organic revenue growth of 17%. This trend has accelerated into our second quarter, albeit against weaker Covid impacted comparables.

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