Aegis reports 11% revenue growth in Q3

Aegis has reported organic revenue growth of more than 11% year on year in the third quarter.

Aegis, which owns Carat and Vizeum, said the results were driven by a strong performance in the key North America market, with revenues growing at a “double-digit” rate over the first nine months of 2011.

The company was expected to report organic revenue growth of 7.6% by analysts.

Aegis also said its performance across the year had been fuelled by growth in faster-growing regions, including China, Russia and Brazil.

The group maintained a conservative view of its full-year performance despite the strong growth in Q3, saying that it will perform better than the 5.8% year on year increase reported for the full year in 2010. Analysts are expecting organic growth to be closer to 7% in 2011.

Read the full Guardian article here.