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Aegis First-Half Profits Up

Aegis First-Half Profits Up

Aegis Group has reported a first-half pre-tax profit of £41.3 million, up 8.7% from £38 million a year earlier.

The group also reported organic revenue growth of 9.6%, whilst its revenue was up 7.7% to £499 million.

Aegis Media and its market research company Synovate both delivered revenue growth ahead of their markets, at 9.8% and 9.3% respectively.

Robert Lerwill, chief executive officer of Aegis Group, said: “Aegis Media and Synovate both continue to outperform, growing almost twice as fast as their markets. New wins, our world-class digital credentials and highly innovative work have put Aegis Media ahead. Synovate has had particular success in winning business both globally and locally.”

He added: “Today’s results show that we’re on the way to delivering another good year in 2007, in line with our expectations. Revenue momentum is strong, and record net new business follows our best ever full-year performance in 2006.”

Last month Vincent Bollore, chairman of Havas, increased his stake in Aegis to almost 30% (see Bolloré Increases Aegis Stake). The move followed several attempts to gain representation on the Aegis board.

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