StockMarketWire.com - Digitally focused insight and communications group Creston expects full year results to be in line with market forecasts.

In the three months to 31 December, there was an increase in both the group's revenue and headline profit before interest and tax performance, compared to the first two quarters of the financial year and the prior year period.

The growth in headline PBIT was driven by a good improvement in operating profit margin, along with a 1% increase in revenue compared to the prior year period.

And the group says the successful new business win rate experienced in the first half of the financial year continued into the period. Wins included the digital and CRM account for Virgin Trains and the social media account for Unilever's Stork, Bertolli and ice cream brands.

The group says there were also some notable synergy wins and referrals in the period as a result of the recent co-location strategy. These included a contract for the Federation of Small Businesses and the British Chambers of Commerce (for market research, PR and digital advertising), and for Canon (market research and digital advertising). Like-for-like revenue declined by 1% during the period against the equivalent period in the prior year. This is an improvement when compared to the first half of the financial year, and was helped by the new business wins in the period together with those in the first half of the financial year. The group says: "We remain cautious with regard to the ongoing impact of the volatility in some of our clients' marketing budgets but are reassured by the successful pitching for new business in the period and by the outlook captured in yet another positive recent IPA Bellwether report in terms of increased marketing spend.

"Revenue and headline PBIT growth against the period is expected in the last quarter. The board is comfortable that the full year results will be in line with market expectations."




At 9:44am: [LON:CRE] Creston PLC share price was +0.75p at 95p



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