'Positive momentum' for Aegis with latest financial figures
Aegis Media Group has said that its latest financial figures represent the ‘positive momentum’ within its business, having announced a revenue growth of 7.3%.
Aegis, spend over £65m on eleven acquisitions over the last year, including that of Master Ad in Russia, which will join the Posterscope brand.
The total group underlying operating margin also grew by 10.2%, while the sale of Synovate, expected to be completed 30 September, should make £525m.
Jerry Buhlmann, chief executive officer of Aegis Group plc, said:“Aegis has produced another strong performance, highlighting the continuing positive momentum being built in our businesses as we continue to outperform the market. Once again, our businesses in faster-growing regions and North America have proved their worth with particularly strong performances. At the same time, we have continued our focus on targeted acquisitions, extending our capabilities and positioning us in key geographies, all of which leave us well placed for future growth.
“Our investors have approved the sale of Synovate, our market research business, representing the largest structural change in the history of Aegis Group. Once the sale is completed, Aegis will become a more focused group, with the opportunity to accelerate further the delivery of sustainable, profitable growth, and increased financial flexibility to make targeted acquisitions.
“Medium term visibility continues to be relatively limited and macro-economic uncertainties remain. However, we remain positive about Aegis’s future prospects as a more focused group, particularly given the momentum achieved by our businesses over the last 18 months.”