NEXT FIFTEEN COMM: Segments Update
25 August 2021 - 4:00PM
UK Regulatory
TIDMNFC
Next Fifteen Communications Group plc ("Next 15" or the
"Group")
Next 15 today provides a reconciliation of the change to its
segmental reporting as announced alongside its final results on 13
April 2021.
Overview
The Group has previously reported its results split into three
divisions: Brand Marketing, Data and Insights and Creative
Technology. From 1 February 2021, the Group structure has been
enhanced, moving from three divisions to four: Customer Insight,
Customer Engagement, Customer Delivery and Business
Transformation.
Our customer insight business is set up to help customers
understand the opportunities and challenges they face and arm them
with the knowledge they need to make the best decisions.
Our customer engagement business is designed to help our
customers optimize their brand reputation and build the
mission-critical digital assets such as ecommerce platforms, apps
and websites that are the window through which much of the world's
commerce is now transacted.
Customer delivery businesses are deeply specialised to use
creativity, data, and analytics to create the connections with
customers to drive sales and other forms of interaction. This link
in the chain is increasingly digital. Businesses want to anticipate
what their customers want and when they will want it. It is perhaps
not surprising that this is a high growth area for our Group.
Business transformation is where customers need our help to
either redesign their business model or create entirely new
ventures. It is also the area where they need our help to
understand how to maximise the value of the organisation.
Tables setting out the new segmental reporting for the FY21 half
year and FY21 full year comparative periods are set out below.
Segmental reporting for the 6 months ended 31 July 2020
Customer Customer Customer Business Head
Insight Engagement Delivery Transformation Office Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Revenue 20,211 100,136 26,908 5,845 - 153,100
Net revenue 15,299 82,711 22,623 5,525 - 126,158
Adjusted
operating
profit /
(loss)
after
interest on
lease
liabilities 1,616 16,354 6,716 1,300 (4,814) 21,172
Adjusted
operating
profit
margin 10.6% 19.8% 29.7% 23.5% - 16.8%
Segmental reporting for the year ended 31 January 2021
Customer Customer Customer Business Head
Insight Engagement Delivery Transformation Office Total
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Revenue 44,099 201,983 59,268 18,318 - 323,668
Net revenue 33,073 166,534 49,557 17,722 - 266,886
Adjusted
operating
profit /
(loss)
after
interest on
lease
liabilities 4,876 36,866 15,232 3,906 (11,394) 49,486
Adjusted
operating
profit
margin 14.7% 22.1% 30.7% 22.0% - 18.5%
Enquiries:
Next Fifteen Communications Group plc
Tim Dyson, CEO
+1 415 350 2801
Peter Harris, CFO
+44 (0)20 7908 6444
Numis
Mark Lander, Hugo Rubinstein
+44 (0)20 7260 1000
Berenberg
Ben Wright, Mark Whitmore
+44 (0)20 3207 7800
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210824005746/en/
CONTACT:
Next Fifteen Communications Plc
SOURCE: Next Fifteen Comm
Copyright Business Wire 2021
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