Aegis cautious despite positive growth figures

Aegis, the marketing services group, has reported “relatively healthy” results for the first nine months of the year, but it warns it is more cautious about its full year outlook.

The company has reported overall organic revenue growth of 7.3% for the period to September 30, largely driven by revenue growth of 8.8% at Aegis Media in Continental Europe and Asia-Pacific. Aegis Group’s total revenue growth from all divisions for the period was 20.8%.

It says that there is slowing demand across the UK, US and Spain and Aegis Media UK, including Carat and Vizeum, reported a decline in September reflecting the turbulent economic climate.

The group, which is headed by chairman John Napier (pictured), says it is cautious that the negative outlook for the future and this makes it difficult to predict profit forecasts.

Aegis completed four acquisitions in the third quarter including Aegis Media’s acquisition of Range Online Media in the US, and Aposition in France.

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