Aegis outperforms the market with 11.5% revenue growth

Aegis Media has revealed a 11.5% rise in its third quarter revenue, as its business in North America gained momentum.

/e/d/e/aegis.jpg

The UK media buying group, parent company to agencies Carat, Glue Isobar, iProspect and Vizeum, reported organic growth, which excludes acquisitions and divestitures, of 11.5% year-on-year, and 8.9% during the first nine months of the year.

Despite the strong growth, the group remains cautious while “visibility remains relatively low and macro uncertainties remain.”

According to Jerry Buhlmann, chief executive at Aegis Group, the business will continue to focus on acquisitions in the digital sector particularly in North America and emerging markets, such as China, Russia and Brazil.

“Our strong organic revenue growth performance in the third-quarter of 2011 was driven by excellent operational results from our businesses in North America. However, parts of Western Europe continue to be challenging,” he adds.

The company adds that UK, Germany, Scandanavia and Netherlands all delivered “strong” performances in the third quarter. While France produced a “challenging” quarter.

In October, the company completed the sale of its market research division Synovate to Ipsos for £528.8 million, marking the biggest structural change in the media buying company’s history.

The retained funds – perhaps as much as £300m – will be used for future acquisitions.

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