Creston expects revenue jump

Creston, owner of Delaney Lund Knox Warren (DLKW) and Tullo Marshall Warren (TMW), says it expects a better than forecasted revenue increase for the past year.

The marketing services group says new business wins for the year will generate more than £15m in revenue for the year ended March 31, up from £9m registered last year.

It adds it has performed ahead of consensus forecasts for revenue, achieving 4% year on year growth, earnings before interest, tax, depreciation and amortisation and says it has a “lower net debt position”.

“This strong performance has been driven by an excellent new business that more than compensates for general market softness,” the group says in a trading statement.

Last month, energy supplier E.ON appointed DLKW to handle its £20 million advertising business while the agency was reappointed to handle the £18m retail banking account for Halifax account last August.

Creston was reported to have received interest from Cartesian Capital Group, a US private equity company, about a possible buyout last October. This followed confirmation last September that it was in talks with another unnamed American private equity group.

Full-year results for the year ended March 31 will be announced on June 23.

Recommended

Kerry Foods hunts BTL agency for Cheesestrings brand

Marketing Week

Kerry Foods is searching for an agency to handle the below-the-line account for its Cheesestrings brand. There is currently no incumbent on the business. The agency will work alongside the brand’s above-the-line agency, Fallon. The BLT account will have a sales promotion focus, including on-pack and in-store activity. Although a formal pitch has not been […]

A relaunched Marketing Week will do more for marketers

Marketing Week

Marketing Week magazine is relaunching with a new look starting from the Thursday 23rd April edition. The changes, a response to feedback from our readership, follow a restructure of our editorial team earlier this year that has already allowed us to cover the industry in more depth and with more analysis than ever. Having a […]