LONDON—Huntsworth, the global public relations and healthcare communications company, announced revenues of £87 million for the first half of 2009, with like-for-like revenue growth of 0.4 percent, and a profit increase of 25.6 percent to £13.6 million, much of it fueled by an increase in global revenues—which now contribute 8 percent of the total—and multi-office revenues (33 percent).
The firm reported healthy growth at its Huntsworth Health (7.1 percent), Red Consultancy (5 percent) and Citigate (4.2 percent) operations, but Grayling—formed last year by the merger of Trimedia, Grayling, Global Consulting Group and Mmd—continues to lag, with revenues down by 4.9 percent in the first half. All four brands continued to deliver profit margins in the 20 percent range.
According to chief executive Peter Chadlington, “The market is clearly more buoyant than 12 months ago and the outlook is generally more positive. While there are still economic uncertainties throughout the world, our major reorganization last year is beginning to produce some very positive results and we have 89 percent of our full year revenues committed.
“We believe that we are on target to meet full year management expectations and to achieve more than 7 percent like-for-like revenue growth rates during 2011.”