Huntsworth Shares Up on Positive Trading Statement
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Huntsworth Shares Up on Positive Trading Statement

Huntsworth, parent company of public relations firms Citigate, Trimedia, Grayling, Global Consulting Group and The Red Consultancy, reported strong trading throughout 2006 and says it exceeded key performance targets.

Paul Holmes

LONDON—Huntsworth, parent company of public relations firms Citigate, Trimedia, Grayling, Global Consulting Group and The Red Consultancy, reported strong trading throughout 2006 and says it exceeded the key performance targets that were established at the beginning of the financial year.

In a trading statement issued in advance of its preliminary results for the year ended 31 December 2006, which will be announced towards the end of March, the company said its underlying operating margin before central costs exceeded the 20 percent target level; net new business surpassed the group’s £50 million target; and like-for-like revenue growth from public relations businesses was over 6 percent.

Peter Chadlington, chief executive, said that, “although 2006 was a transitional year, it was also one of extremely strong operating performance and I look forward to presenting the preliminary results in March.”

The strong update boosted Huntsworth shares by about 5 percent to £119.75. The share price is up by 20 percent since January.

 

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