Huntsworth Says 08 Numbers in Line with Expectations
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Huntsworth Says 08 Numbers in Line with Expectations

Huntsworth, parent company of public relations firms including Citigate Dewe Rogerson, Grayling, and Trimedia, says it expects in 2008 results to be in line with expectations, and that while it remains “cautious” about 2009, predicted “good performance” for its agencies overall.

Paul Holmes

LONDON—Huntsworth, parent company of public relations firms including Citigate Dewe Rogerson, Grayling, Mmd, The Red Consultancy and Trimedia, says it expects in 2008 results to be in line with expectations, and that while it remains “cautious” about 2009, predicted “good performance” for its agencies overall, with more than 70 percent of budgeted 2009 revenues already committed.

 

In a statement, the group—led by Lord Chadlington—said it expected both underlying profit before tax and underlying earnings per share to be in line with market expectations. And it added that new business over the past three months had been particularly strong in healthcare in the U.S. and in consumer and corporate work in the U.K. and Europe.

 

Senior executives of the company waived their 2008 cash bonuses, worth more than £750,000, and the company plans to grant a new deferred share bonus plan, it said.

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