Analyst Research Report Snapshot

Title:

NEXT FIFTEEN COMMUNICATIONS - FY13 REVENUES IN LINE, BUT MODEST PROFIT DECLINE

Price:

$10.00

Provider:

Edison Investment Research

Date:

03 Sep 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

NFC.L

Available for Immediate Download
Summary:

Next Fifteen announced its FY13 year-end trading update. Revenues are expected to be in line with our estimate, although adjusted profit has been affected by the continued restructuring in its Bite subsidiary and the increased investment in the group’s digital capabilities. Management anticipates that FY13 profit will be modestly below FY12, and consequently we are reducing our FY13 estimate to reflect this. While the group is seeing good progress in the current fiscal year, we are similarly reducing our adjusted FY14 pre-tax profit and diluted EPS estimates. Management believes the group’s focus and investment in digital can create scalable products to enable the business to resume growth in the next few years.

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