Member Article

Aegis Group report jump in profits

Media and digital marketing outfit, Aegis Group plc, have reported a jump in profits, driven by a General Motors contract win early in the year.

The UK-based global operator said pre-tax profits rose by 20.1% from the first half of 2011. Group revenue was up 15% on the previous year, at £596.8m.

Aegis have found success across “fast growing” regions and North America, and have spent around £80.9m in initial consideration for four acquisitions across Singapore, China, Hungary and North America.

Jerry Buhlmann, chief executive officer of Aegis Group plc, said: “Aegis produced another strong performance in the first half of 2012. The business’s considerable positive momentum continued, and was reflected in our market-outperformance, our sector-leading organic growth of 8.6% and another excellent new business performance.

“This improved business mix, supplemented by targeted acquisitions, gives Aegis an unrivalled ability and opportunity to deliver the integrated campaigns our clients are seeking in the convergent media environment.”

Aegis are preparing for takeover by Japan’s Dentsu Inc, having agreed on a cash offer at the beginning of July.

This was posted in Bdaily's Members' News section by Tom Keighley .