DMG reports 45% profit bump

The Digital Marketing Group (DMG) says profit increased 45% last year and says it is confident on its future prospects.

The digital marketing specialist, owner of GraphicoDMG, CheezeDMG, InboxDMG and AgencyDMG, says pre-tax profit was £3.1m for the year ended March 31, up from £2.15m a year earlier.

Revenues increased 11% to £56.5m, up from £51m last year.

The group says it expects to “benefit significantly” from the upturn in digital media spend.

The company says it expects online advertising to account for over 20% of all advertising expenditure by the end of the present financial year, adding “given our position as the UK’s largest digital marketing agency we expect to benefit significantly from the recovery in marketing spend”.

Ben Langdon, chief executive of DMG, says: “The long term strategic vision for DMG remains extremely exciting as marketing spend continues to shift towards online media channels and we remain confident about the future, despite the challenge the current economic climate poses.”

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 3703 or email customerservices@marketingweek.com

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