Aegis reports 16% rise in pre-tax profits

AegisAegis Group, the owner of Carat and Vizeum, says it is “relatively optimistic” about its performance over the coming year but sounded a cautious note about the “macro-economic outlook” for the year. It made the comments as it reported a 16% increase in underlying pre-tax profits for the year ending December 31.

It attributed the rise to wins by Carat and Vizeum such as Johnson & Johnson across Europe, Africa and the Middle East, 20th Century Fox and Mattel globally. It says its performance in the UK was “comfortably” ahead of the market. Carat USA was hit by a reduction in client budgets and has now been merged with Carat Fusion, its biggest digital business, to create an integrated agency model.

Meanwhile, revenue from its digital marketing services, through the Isobar network, now accounts for a quarter of Aegis Media, up from 20% in 2006. The network has developed into emerging markets and new technologies with acquisitions in mobile and digital ad-serving over the year.

It adds that research division, Synovate, has also delivered by increasing revenue from global clients with product innovation also continuing to drive it performance. Revenue for the division has increased by 8.9% and underlying operating profits was up by 18.3%.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here