Aegis Group release 2012 interim results
Aegis Group has seen revenue soar by 15% in the first half of 2012, according to recently released figures. The global media and digital marketing communications group upped H1 2011’s profits of £519 million to £597 million for H1 2012.
Jerry Buhlmann, chief executive officer of Aegis Group plc, 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.’
Highlights:
- Group organic revenue growth of 8.6% (H1 2011: 7.8%), including 9.0% in second quarter
- Group underlying operating margin of 14.6% (H1 2011: 14.6%)
- Strong performances and increased revenue contribution from digital, faster-growing regions and North America
- Excellent net new business performance, with $3.2 billion in billings (H1 2011: $2.0 billion), supported by General Motors Co. contract win in January 2012
- Continued focus on targeted acquisitions & investments including Roundarch in the US, Upper Storey in Singapore, eLink in China, and PPI in Hungary
- Recommended cash offer by Dentsu Inc for Aegis Group overwhelmingly approved by Aegis shareholders
- Transaction expected to complete during fourth quarter of 2012, subject to satisfaction of certain competition clearances
More information about Aegis Group’s results and Carat’s ad spend forecast can be found here.