Huntsworth has reported interims that are ahead of our expectations, with Normalised PBT of £11.4m comfortably better than DCe £10.5m. Revenues advanced +21% to £123.5m largely driven by acquisitions, with LFL growth of +3%. As expected LFL growth was driven by Medical (+9%) and Immersive (+9%) while Communications returned to growth (+1%) and Marketing was flat. Encouragingly, the group notes that increased new business pitches and client wins in Marketing indicate a return to growth in H2 and ....
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Interim results update
Huntsworth has reported interims that are ahead of our expectations, with Normalised PBT of £11.4m comfortably better than DCe £10.5m. Revenues advanced +21% to £123.5m largely driven by acquisitions, with LFL growth of +3%. As expected LFL growth was driven by Medical (+9%) and Immersive (+9%) while Communications returned to growth (+1%) and Marketing was flat. Encouragingly, the group notes that increased new business pitches and client wins in Marketing indicate a return to growth in H2 and ....