23 August 2012 - 7:42am | posted by | 0 comments

Strong trading figures released by Aegis ahead of Dentsu takeover

Strong trading figures released by Aegis ahead of Dentsu takeoverStrong trading figures released by Aegis ahead of Dentsu takeover

Marketing services group Aegis has announced that group revenue rose to £596.8m, an increase of 15 percent, with operating profit increasing by 18.2 percent to £87m.

The group, set to be acquired by Dentsu, has also reported a pre-tax profit of £69.4m, an increase of 20.1 percent on last year.

The acquisition offer by Dentsu was overwhelmingly accepted by shareholders in a vote last week.

Jerry Buhlmann, chief executive officer of Aegis Group, said:“Aegis produced another strong performance in the first half of 2012. The business’s considerable positive momentum continued, and was reflected in our market-outperformance, our sector-leading organic growth of 8.6% and another excellent new business performance.

“During the period, Aegis continued to deliver its growth strategy, further increasing the revenue contribution from our sector-leading digital capabilities and from faster-growing regions and North America. This improved business mix, supplemented by targeted acquisitions, gives Aegis an unrivalled ability and opportunity to deliver the integrated campaigns our clients are seeking in the convergent media environment.

“Successfully delivering our strategy in recent years has consolidated Aegis’s market-leading position and, in July, the Board recommended a £3.16 billion cash offer from Dentsu. Once completed, this transaction will create one of the world’s most dynamic marketing services groups, the first truly global communications group born in the digital age, with the global reach to provide increased scale, capability and investment to support our clients. For our people, the combination offers continuity and the promise of working for one of the most exciting, high growth companies in our industry.”

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Maximising an Industry Changing Story

24/11/2014
In November 2014, WOW air announced £99 fares (yes, that’s...

Glasgow University College of Arts Knowledge Exchange - communications strategy

20/11/2014
The College of Arts Knowledge Exchange is a leading-edge...

In The Snow Magazine Front Cover

20/11/2014
Front cover from a fashion shoot in Zermatt earlier this...

Cuckoo Design - HeadSpace

17/11/2014
If you want to work through your brand challenges and turn...

Welsh Blood - Precious Concept

17/11/2014
Description The Welsh Blood Service organises the...