Aegis Pre-Tax Profit Soared 14.2% in 2007

20 March 2008

LONDON: Claiming to have again outperformed its peers, global media and research conglomerate Aegis Group posted a 14.2% increase in underlying pre-tax profits to £132.7 million ($268.26m; €169.96m) for the full year ended 31 December 2007.

At constant currency rates, annual growth rose to 16.0%, while  organic revenue growth hit twice the industry average at 9.8%. This, claims ceo Robert Lerwill (pictured above), is Aegis's "eleventh successive year of market out-performance."

He continued: "We made strong progress on our three strategic goals: getting closer to clients, investing in organic growth, and transforming our business.

"Revenues from our digital marketing services, through the Isobar network, made up over one quarter of Aegis Media revenue last year: three times ahead of the market average and up from 20% in 2006."

As to the group's research businesses: "We also continued to deliver on the promise of the Synovate brand, building on a unique culture, a truly international way of working and good returns on new product investment from automotive to FMCG."

Turning to the global economy, Lerwill was circumspect: "We are cautious about the macro-economic outlook for 2008, but currently relatively optimistic about our own prospects," he said.

"Trading so far this year has been healthy and we currently expect to deliver a further good year in 2008, thanks to a superior product offering, good new business momentum, the impact of recent acquisitions, our presence in emerging markets and increasing demand for digital expertise."

Data sourced from Aegis; additional content by WARC staff