Outlook: Outlook Unlimited
Creston has delivered full year results slightly ahead of expectations, and with year-end cash of £7.5m (£5.7m after provisions for deferred consideration). Net new business of £8.6m was biased to H114, starting to deliver returns in H214, with online and digital revenues comprising over half group totals, a year ahead of schedule. The new board line up is now mainly in place, and a growth strategy is evolving, building on the progress already achieved in bringing together agencies and breaking down silos. Coupled with a growing top line, this should enable profits to break out of their current plateau. This highlights the wide discount to the sector on which the shares currently trade.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.