Next 15 reports headline operating profit rise

Communications business Next 15 has reported a growth in headline operating profits of £16.5m, up 29.9% year-on-year, for the 12 month period ending January 31 2016.

It has also reported an 18.9% growth in headline revenue to £129.8m, for the same period, compared to the 12 months to January 31 2015.

Since the year end, Next 15 acquired digital agencies Publitek, in March, and Twogether, earlier this month, and says these acquisitions form a part of Next 15’s strategy to act “less like a parent company to its host of agencies and more like a venture capital firm”.

Richard Eyre, chairman at Next 15, said: “These are good times for Next 15. Organically and through acquisition we have built a strong portfolio of modern, technology-driven marketing businesses. Pursuit of the group’s digital strategy has again delivered increased organic revenues and an expanded operating margin.

“The 17 different businesses that now make up Next 15 operate in major markets around the globe for many of the world’s most important growth companies; they employ teams of people who we believe can rival any of the most progressive marketing organisations in the world,” he added.