Aegis Posts 21% Rise in Profits

15 March 2001

UK-headquartered market research and media buying specialist Aegis Group has posted full-year profits of £78.4 million, up 21% from 1999’s total of £64.4m.

The results, which met most analysts’ expectations, included a 19% rise in turnover to £5.7 billion and a 15% jump in annual dividend to 1.15p per share.

Aegis-owned network Carat attracted over £1.38bn ($2bn) of new business, £1.08bn ($1.57bn) of which was in Europe. Carat has won accounts from, among others, Bertelsmann, BMV, Renault, Vodafone, LVMH and Carréfour. The network’s success seems to be continuing this year, with £412m ($600m) of new business reported already.

For 2001, Aegis predicts that its growth in the US will drop to 4.5%, compared to 8% last year. However, it is confident of stronger growth in Europe (6.4%) and Asia-Pacific (6.3%).

News Source: CampaignLive (UK)