LONDON—U.K. public relations holding company Huntsworth—parent of Trimedia, Citigate, Global Consulting Group, Grayling, The Red Consultancy, and Mmd—has reported healthy growth in revenues (up 5.7 percent, excluding the divestiture of Citigate Sard Verbinnen) and profits (up 16.4 percent) in the first half of 2007, and optimism about the second half, despite recent market turmoil.
The group reported revenue of slightly more than £70 million for the half, including new business wins of £27.5 million, with particularly strong growth in international contracts, the healthcare sector and digital services. Other key metrics included a 19 percent increase in average revenues per client, to £60,000, and an increase in network business from 11 percent to 23 percent of revenues.
According to Peter Chadlington, chief executive,”Huntsworth has made a good start to the year with continued growth in demand for the range of our public relations services, a marked increase in clients using more than one of our offices for co-ordinated international communication programmes and significantly rising recognition of our strengths in digital communications.
“Looking ahead, we view the group‘s prospects with considerable confidence. We will benefit from our recent acquisitions and, as multi-office accounts come on stream, we expect the pace of organic growth to increase both in the second half and in 2008. This is already reflected in strong trading results in the seasonally quiet July and August months.”