StockMarketWire.com - Digital communications group Next Fifteen Communications (NFC) reported a good start to the new financial year has extended to the first four months of the period.

Driven by strong organic revenue growth from the North American businesses, the period has also seen continued revenue growth and margin improvements in the UK and Asia as the group's work to simplify its non-US operations progresses.

Next 15 has also seen an improvement in its business in EMEA.

In line with its stated strategy, the group recently acquired ODD, Publitek and Twogether in the UK. These businesses are integrating well and making a growing contribution.

In addition, Next 15 aims to expand these businesses into the US market by taking advantage of the group's infrastructure in this region and its existing relationships with customers and talent.

The board notes the recent volatility in the value of the British pound, Next 15's reporting currency, following the result of the UK referendum on membership of the EU.

With approximately 75% of the group's revenues generated in other currencies (and in particular 60% deriving from the US), the group's reported results stand to benefit on translation from a weaker British pound, whilst the impact on the group of any slowdown in economic activity in the UK and EU should be relatively modest.

Since the year-end, the group added notable additional business from Godiva, Google and Facebook. These wins, combined with the performances noted above, put the group in a good position to deliver on the board's expectations for the financial year to January 2017.




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