TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Posts Tagged ‘Citigate’

Huntsworth Reports Slight Increase in 2011 Revenue, Decrease in Profits

ICYMI (because we did): Huntsworth announced its financial results for the year ending December 31, 2011, reporting a revenue increase of 1.5 percent to £176.3 million (about $279.7 million by today’s conversion standard). In 2010, the revenue figure was £173.6 million.

However, operating profits after central costs are taken into account decreased to £23.5 million (about $37.3 million) from £29.6 million in 2010. And profits before taxes but after highlighted items was down to £10.6 million from £21.8 million in 2010.

Read more

Mediabistro Course

Content Marketing 101

Content Marketing 101Get hands-on content marketing training in our brand new boot camp, Content Marketing 101! Starting September 8, digital marketing and content experts will teach you the tips and tricks for creating, distributing and measuring the success of your brand's content. Sign up before August 15 and get $50 OFF registration. Register now! 

Huntsworth First Half Revenue Up, Profits Down, Optimistic for 2012

U.K.-based Huntsworth reported a mixed bag of earnings for the first half of 2011, ending June 30. Revenue for the company was up compared to 2010, from £87 million to £88.1 million (about $143.4 million according to today’s currency exchange). However, operating profits were down year-over-year, from £13.6 million for the first half of 2010 to £11.5 million ($18.7 million).

In a statement, CEO Peter Chadlington said that changes across the business landscape (the importance of digital, the global nature of the work) along with the longer procurement process were big factors in the results. The company expects to reach its goal of seven percent like-for-like revenue growth rate for the year, but big account wins announced at the end of 2010 won’t make a financial impact until the beginning of 2012.

“When we reported our 2010 results in March this year, we indicated that such account wins were taking a long time to come on stream and we therefore expected revenues to be second half weighted,” he said. “This has indeed proved to be the case due to the lengthy procurement processes of our clients and the effect of the current economic environment delaying decision making.”

Read more

Huntsworth Purchases Atomic PR, Adds British Airways to Roster

Huntsworth, the U.K.-based PR and healthcare consultancy whose firms include Grayling, Huntsworth Health, Red, and Citigate, has added Atomic PR to its list of agencies. The move expands Huntsworth’s North American presence.

The acquisition, for $13.3 million in cash according to Reuters, accompanied the business’ preliminary results for the year ending December 31, 2010. Hunstworth reported an 11.1 percent increase in revenue to £173.6 million (about $286.14 million, based on today’s conversion rates) and pre-tax profit of £26.7 million (about $43.4 million).

Read more

Huntsworth Says Revenue Will Fall Short This Year, But 2011 Looks Good

Huntsworth reports that about 65 percent of its 2011 revenue has been committed.  The company has a new “streamlined organisation” that it says is showing results with international clients. However, “contract negotiations” take time and revenue has to be moved to next year, meaning 2010 numbers will fall below management’s expectations. However, the company says it’s confident it will meet expectations next year.

In August, the company reported an 11 percent jump in new business on its interim results and about $132.1 million for the first half of 2010 ending June 30.

Among the company’s new client wins are Hyder Consulting PLC (Citigate), Volkswagen Middle East, Hilton Worldwide (both Grayling), and Barclaycard and Thistle Hotel Group (both RED).

Huntsworth Results Show Jump in New Biz

huntsworth.jpg.bmp Huntsworth, the international PR and healthcare communications consultancy, announced its interim results for the first half of 2010, reporting net new business wins up 11 percent from last year to about $41.2 million. (Dollar figures are converted from British pounds at today’s currency rates.)

The company also reported revenue of about $132.1 million for the period ending June 30, a year-over-year increase from about $118.9 million for the first half of 2009. According to the interim results press release, Huntsworth is on the path towards 7 percent revenue growth in 2011.

Huntsworth’s brands include Grayling and Citigate.