Aegis revenue up but growth will slow

Aegis, the media and market research group, registered a 9.7% increase in revenue for the three months to 30 September but expects growth to slow in the current quarter.

/g/a/s/JerryBuhlman160.jpg

The group, which owns media agencies Carat and Vizeum and market research firm Synovate, says that the economic environment means it is still difficult to forecast performance in a number of markets.

Jerry Buhlmann, chief executive officer of Aegis Group, says: “Short term visibility in a number of key regions remains relatively low, which creates challenges in precisely predicting how the advertising and market research sectors will fare in 2011.”

Revenue from media agency business Aegis Media grew 8.5% in the quarter, while market research business Synovate increased revenue by 11.5%.

The group says its UK operations registered a “particularly good performance” but did not provide figures.

Despite the cautious outlook, Aegis’ strong third quarter performance is in line with positive figures posted by marketing services groups WPP, Omnicom, Publicis and Havas in the past month.

Buhlmann adds: “We are seeing increasingly positive signals of confidence from our clients regarding their short-term advertising expenditure plans, supporting our cautiously optimistic view of the outlook for next year.”

Comments

    Leave a comment

    Close

    Discover even more as a subscriber

    This article is available for subscribers only.

    Sign up now for your access-all-areas pass.

    Subscribers get unlimited access to unrivalled coverage of the biggest issues in marketing and world-renowned columnists, alongside carefully curated reports and briefings from Econsultancy. Find out more.

    If you are an existing print subscriber find out how you can get access here.

    Subscribe now

    Got a question?

    Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

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

    Subscribers get unlimited access to unrivalled coverage of the biggest issues in marketing and world-renowned columnists, alongside carefully curated reports and briefings from Econsultancy. Find out more.

    If you are an existing print subscriber find out how you can get access here.

    Subscribe now