REG-Next 15 Group plc Trading Statement

Next 15Announcement

27/06/2024 07:00

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Trading Statement

 

Next 15 Group plc

(“Next 15” or the “Group”)

AGM trading update

Next 15 (AIM:NFG), the tech and data driven growth consultancy, is pleased to
provide an update on trading for the four-month period ended 31 May 2024 (the
‘Period’), ahead of its AGM being held today.

Trading in the Period remained resilient, despite a tough macro environment.
The Group has continued to deliver organic growth in its Customer Delivery
segment offset by small declines in our other segments, in part due to delays
in some clients’ spending, notably relating to government contracts in a
period of political uncertainty. Spending across the Group’s technology
customers has remained soft.

Consistent with performance in prior years, we expect revenues to be H2
weighted and trading conditions to improve in the second half. As a result,
the Board continues to anticipate that full-year profits will be in line with
management expectations.

The Group’s balance sheet remains strong, and we expect to be broadly cash
neutral at the year-end. The Group maintains a disciplined approach to capital
allocation which enables it to take advantage of strategic opportunities as
they arise. The Board will continue to prioritise organic investment in the
business, alongside selective M&A, and continues to evaluate strategic
options for returning excess cash to shareholders, including the current share
buyback programme.
 Enquiries:                                                                                   
                                                                                              
 For further information, please contact:                                                     
                                                                                              
 Next 15 Group plc                                                                            
 
                                          
                                                 
 
Tim Dyson, Chief Executive Officer        
+1 415 350 2801                                  
 Peter Harris, Chief Financial Officer      +44 (0) 7712 488919                               
 
                                                                                            
 
                                                                                            
                                                                                              
 Deutsche Numis (Nomad & Joint Broker)      +44 (0)20 7260 1000                               
 Mark Lander                                                                                  
 Hugo Rubinstein                                                                              
                                                                                              
 Berenberg (Joint Broker)                   +44 (0)20 3207 7800                               
 Ben Wright                                                                                   
 Mark Whitmore                                                                                
                                                                                              
 MHP                                        +44 (0)20 3128 8013                               
 Simon Evans                                Next15@mhpgroup.com (mailto:Next15@mhpgroup.com)  
 Eleni Menikou                                                                                
 Veronica Farah                                                                               


 



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Next 15 Group plc


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