QuickView: Quest for growth
The mission’s H115 results benefited from strong performances from newly acquired businesses, driving operating income ahead by 12%. There is plenty still to do in H2, but new business momentum is good, with some high-profile new clients on the roster. The group has been broadening and deepening its capabilities via both acquisition and start-ups, particularly in PR, digital and events. Further deals are on the cards in H2, supported by the stronger balance sheet. The interim dividend is raised by 20% to 0.3p. The shares remain valued at a substantial discount to agency peers.
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.
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