LONDON—Chime Communications, parent company of the Bell Pottinger public relations and public affairs operations, Good Relations, Harvard and other public relations brands, says it has “continued to perform well in the difficult economic environment and will meet market expectations in terms of income, margins and trading profit.”
The group, led by Lord Bell, says it will report growth in profit before tax, earnings per share and dividend per share, and that at year end it had net cash of over £5 million compared to net debt of £13.2 million at 30th June 2008.
Recent new business wins have included Aer Lingus, Aviva, BT Paralympic World Cup, Compass Group, Hiscox, John Lewis, Muller Fruit Corners, PWC, Standard Life and more.
“Going forward, the company’s strategy is to control costs, generate cash and focus on new business,” the group said in a statement. “We have increased the percentage of our cost base that is variable and our balance sheet is now stronger. We are concentrating on growth in international, digital, sports marketing, geopolitical and public sector work.
“The outlook for 2009 is uncertain but the Group is well positioned to increase market share. Our new business pipeline is surprisingly full and committed revenue for 2009 has so far reached 60 percent of target.”
The bullish outlook follows a similar statement from Huntsworth—parent of Citigate, Grayling, Trimedia and others—last week.