Incepta Says It Will Hit Analyst Targets
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Incepta Says It Will Hit Analyst Targets

Incepta Group, parent of Citigate Dewe Rogerson and Citigate Cunningham, told analysts in the U.K. last week that it would meet the market’s earnings forecasts for the year ended February 28.

Paul Holmes

LONDON, March 6—Incepta Group, parent of Citigate Dewe Rogerson and Citigate Cunningham, told analysts in the U.K. last week that it would meet the market’s earnings forecasts for the year ended February 28. Incepta shares, which have lost about two-thirds of their value over the past two years, rose nearly nine percent to 50p.
 
But Incepta chief executive Richard Nichols told Reuters he was not counting on recovery this year and that the group was budgeting for flat revenue growth. “The green shoots people are talking about are too fragile to say with any confidence that we are seeing signs of a significant upturn,” he said.
 
Nichols also suggested the company might look for acquisitions in western Europe, specifically France, Belgium and Switzerland.
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