Media communications and market research group, Aegis, reported a 14% increase in revenue for the six months to June 30th, reaching £389.0 million, up from £338.9 million this time a year ago.
Half-year profit for the group rose to £35.6 million from £35.4 million a year earlier, helped by strong growth in its market research business, Synovate which increased revenues by nearly 18%. Aegis’s digital network, Isobar, also enjoyed a healthy first half to the year, seeing revenues rise by 20%.
Commenting on the group’s results, Robert Lerwill chief executive of Aegis said: “The investment we have made in building new business areas is ensuring that Aegis maintains its growth ahead of the market.”
He added: “I am confident Aegis will once again deliver a satisfactory performance for the full year.”
Aegis has recently invested in furthering its business, purchasing a number of companys to complement and extend its digital and market research offerings.
Yesterday the group announced the acquisition of Australian company, Market Equity, adding the business to its international market research arm, Synovate (see Aegis Strengthens International Hold).
The £11.7 million deal will see Synovate quickly integrating Market Equity into its global network, giving existing clients in Australia immediate access to all Synovate research solutions and to its network of offices in 46 countries around the world.
Last month Aegis, purchased digital creative agency, glue, for £14.75 million, strengthening its subsidiary digital network company, Isobar (see Aegis Buys Digital Creative Agency Glue).
In May, Aegis further extended the reach of Synovate, with the acquisition of French market research group, ARTeam. The purchase was made for an initial consideration of £3 million, with a deferred payment over three years of up to £4.14 million (see Aegis Buys French Research Group).
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