Interim Management Statement (3794L)
01 8월 2011 - 3:00PM
UK Regulatory
TIDMCRE
RNS Number : 3794L
Creston PLC
01 August 2011
1 August 2011
Creston plc
Interim Management Statement
Creston plc ("Creston" or the "Group") (LSE: CRE), the Insight
and Communications Group, announces its interim management
statement for the period 1 April 2011 to date.
Trading update
For the three months to 30 June 2011, the Group reported revenue
growth of over 12 per cent. compared to the same period last
year.
Like-for-like revenue growth for the first quarter was 2 per
cent, compared to the same period in the prior year, which achieved
a very strong 11 per cent. growth year on year.
The Insight division continued its recovery, delivering its
strongest quarterly performance since the first quarter of the
financial year 2011. The growth of existing and new clients such as
Sainsbury's and Castrol, alongside being appointed to the BBC
roster for the first time, adds momentum for the remainder of the
year. The division is investing in its Insight Health proposition
and is working closely with the Health division to maximise client
opportunities.
The Communications division has begun the year strongly with a
mixture of growth from existing clients and new business wins. As
mentioned in the Preliminary Announcement on 21 June 2011, the
Group launched Creston Unlimited, a brand consultancy, on 1 April
and they have already won projects from existing group clients. NBC
Hong Kong, a new start-up public relations offer, launches today
and has already won its second pan-Asian client, having previously
been appointed by HTC. Continuing the theme of organic start-ups,
the Group has invested in a new local marketing health proposition,
which combines EMO's local marketing expertise with that of the
Health division in order to win new marketing mandates being
created by the devolution of the NHS budgets. Lastly, the outcome
of the previously highlighted re-tendering process by one of our
top five client accounts remains outstanding, although fees are now
confirmed until the end of September.
The Health division has been integral to the development of two
new propositions within the Insight and Communications divisions,
whilst in its own right winning some exciting new business,
including an increasing number of global campaigns. Despite a
slower start for the division, we are delighted with the
strengthened global PR capability we are now able to offer clients
with Cooney/Waters added to the Group.
Outlook
The Group entered the new year with positive momentum and the
large new business opportunities currently being pitched for
demonstrate the innovative offer that our companies have. There
continues to be an increasing number of initiatives and client wins
from working cohesively as one group and again this will add to the
future growth.
Similar to previous years, the Group's financial performance in
the current year will be weighted towards the second half and
although management is cautious over the macro economic outlook,
its current expectations for the full year remain unchanged.
Creston plc 020 7930 9757 www.creston.com
Don Elgie, Chief Executive
Barrie Brien, COO/CFO
Elly Williams, M Communications
For further information, please contact:
(Like-for-like compares current year performance to prior year
performance, excluding the results from any acquisitions.)
About Creston plc
Creston is a marketing services company focused on Insight and
Communications. It offers clients more seamless access to the most
innovative marketing insights and communications services to help
grow their brands in a rapidly-changing consumer world. Our
companies draw upon the collective knowledge, expertise and
services from across the Group, so that their clients receive the
best advice and achieve the best results no matter what the medium.
By working together, whether on research or as full-scale marketing
partners, our companies continuously innovate to make more things
possible for their clients and people.
Creston companies offer a range of marketing services, such as
advertising, direct and digital marketing, market research, public
relations and healthcare marketing to a broad range of blue-chip
clients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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