Analyst Research Report Snapshot

Title:

NEXT FIFTEEN COMMUNICATIONS - LOWER H2, REBOUND FY10

Price:

$10.00

Provider:

Edison Investment Research

Date:

21 Apr 2009

Pages:

4

Type:

AcrobatPDF

Companies referenced:

NFC.L

Available for Immediate Download
Summary:

Today Next Fifteen (NFC) reported its interim results, which were a mixed blessing. Revenues rose 10% at £33.5m and the adjusted pre-tax margin improved to 10.6%. While the group continues to see a healthy new-business climate, many clients have reset their 2009 budgets, which the group believes will lead to a 10% revenue decline in the second half. In anticipation of this, headcount has been reduced by some 12%. We have lowered our estimates to reflect these conditions. FOR MORE INFORMATION ON ATTACHED RESEARCH PLEASE CALL 020 3077 5713 OR EMAIL RESEARCH@EDISONINVESTMENTRESEARCH.CO.UK OR VISIT WWW.EDISONINVESTMENTRESEARCH.CO.UK

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