Aegis Media announces 'strong' preliminary financial results for 2011 with 20% growth in group revenue
Aegis Group, which owns Carat, Glue Isobar and IProspect, has reported a ‘strong’ year end result for 2011, with group revenue growth of 20%, rising to £1,135 million.
The marketing services group, which was last year appointed by General Motors to it’s $3 billion global media account, also revealed in its preliminary financial results for 2011, a 30.6% growth in operating profit, growing to £197.4 million, and a growth in pre-tax profit of 32.3% to £161.8 million.
The company highlighted the ‘strong performances’ of its digital services in growth regions and North America, as being partially responsible for its figures, while also citing a record equalling year for new business, with $2.7 billion of billings.
The group also invested in 18 acquisitions in 2011, with an initial consideration spend of £75 million.
Jerry Buhlmann, CEO of Aegis Group plc, said: “Aegis Group delivered a very strong performance in 2011, reporting sector-leading organic growth, positive margin progression and a record-equaling year in net new business wins of $2.7 billion.
“The successful sale of Synovate represented the largest structural change in our history and gives the Group increased flexibility to move ahead with our programme of targeted acquisitions and investments. We completed 18 acquisitions and investments in 2011, and they have improved our core capabilities and positioning in a number of key geographies. This is in line with our strategy to increase revenue contribution from digital, faster-growing regions and North America.
“All these achievements, coupled with recent successes, including our appointment as GM’s global strategic media partner, leave us well placed as the world’s leading specialist media and digital communications group. We are better positioned than ever before to support our clients in re-inventing the way their brands are built.
“We are optimistic about the outlook for the advertising sector in 2012, supported by key sporting events and the US Presidential Elections, and we anticipate further success for the Group in the year ahead and beyond. We expect to continue delivering sector-leading organic revenue growth which we expect to convert into further margin progression and earnings enhancement for our shareholders over time.”