British tech and data-driven growth consultancy Next 15 Group Plc (NFC.L) said on Thursday that it now expects profits for the year ending January 31, 2025 to be at the bottom of analyst expectations.
According to the firm, analyst expectations are currently 107 million pounds to 112 million pounds for adjusted operating profit.
In a separate announcement, the company said that its Chief Financial Officer or CFO, Peter Harris, will step down from the Board. Further, Mark Astaire has been appointed as a Non-Executive Director.
In its trading update, the company attributed the forecast partly to macroeconomic factors like the new United States administration, the prospects for UK and US interest rates and the possible negative impact of tariffs.
The company said, "While a number of our businesses such as M Booth, MHP, Brandwidth and SMG continue to deliver strong growth and margins, we expect the headwinds that impacted a number of our businesses to remain in the short term. The Group expects to make selective bolt-on acquisitions in the new fiscal year which would, if completed, be additive to current market expectations."
Next 15 Group also said that the year-end net debt is also expected to be less than half of the company's adjusted EBITDA.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.