LONDON—Huntsworth, the public relations holding company that is parent to Citigate, Global Consulting Group, Grayling, Huntsworth Health, Red Consultancy and Trimedia, has announced like-for-like revenue growth of 6 percent for 2007, ending the year with revenue of £152.3 million after adding more than £50 million of net new business in the year, 40 percent of it from existing clients. Profit before tax was up 23.4 percent to £21.9 million, and underlying margins were 21 percent.
According to chief execuitive Peter Chadlington, “2007 has been another very successful year for the group. The business is now well balanced, tightly managed at every level and delivering solid organic growth and strong margins. A recent MORI poll suggests that 82 percent of companies using PR will maintain or increase their PR spend in 2008. Against this background, with the progress that our brands have made across the world, the Board has considerable confidence for 2008 and beyond.”
Huntsworth now has two principle areas of activity: public relations (which accounts for 73 percent of group revenue) and healthcare communications (27 percent of group revenue following the acquisition of Dorland Global Communications and Axis in the