Huntsworth Plc. (HNT.L) issued its interim management report to cover the period from 1st January 2013 to date. The company noted that the general trading environment continues to be difficult in the UK and Europe but the Group has a made a good start to 2013 and it expects trading for the full year to remain in line with management expectations. Huntsworth Health continues to perform well and has won a further 3 digital Agency of Record mandates so far this year.
Citigate is seeing more transactional revenues than in prior months and advised on the successful IPO of esure and is currently advising on the potential IPO of Partnership.
Red is making steady progress, having added a number of prestigious new accounts including Ford Retail & Air France KLM. The digital and revenue growth investment plan is underway at Grayling, underpinned by some good wins which extend the scope of work for some key clients, such as M&S and Hilton, into new areas and markets.
Lord Chadlington, Huntsworth's Chief Executive, said, "Our new relationship with Blue Focus, one of Asia's largest PR firms which is acquiring a 19.8% stake in Huntsworth, is progressing well and at an operational level our businesses are beginning to work together well. This, together with our revenue growth investment plan and further good progress in our digital businesses, gives us confidence in the further development of the Group."
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