Aegis Looks Forward to a Happy New Year

21 December 2006

LONDON: Media buying and research conglomerate Aegis Group says its operations have performed in line with the company's forecasts for the full year, following upturns in France and Germany.

A trading statement from the company, which owns the Carat and Synovate brands among others, said the media unit is expanding to improve market share in the Americas and Asia Pacific, and performing well despite "softer" conditions in the UK.

The statement says: "We have seen a continuation of recent trends in spending patterns, with digital services accounting for an ever increasing proportion of marketing activity."

It highlighted new business from General Motors, Tommy Hilfiger and Alliance & Leicester, adding these wins would "help underpin a further year of good revenue growth in 2007".

There was no reference to the ongoing tussle with its biggest shareholder, Havas chairman Vincent Bolloré, who has spent much of this year trying to gain seats on the Aegis board [WARC News: 23-Nov-06].

Data sourced from Financial Times online; additional content by WARC staff