NEXT FIFTEEN COMM: Segments Update

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

[phone]

Peter Harris, CFO

[phone]

Numis

Mark Lander, Hugo Rubinstein

[phone]

Berenberg

Ben Wright, Mark Whitmore

[phone]

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 
 

(END) Dow Jones Newswires

August 25, 2021 02:00 ET (06:00 GMT)