Huntsworth reports strong PR performance

Huntsworth has reported healthy revenue and profit growth for 2008, with its public relations business outperforming its health division.

Lord Chaddlington:
Lord Chaddlington:

The owner of Citigate Dewe Rogerson and The Red Consultancy reported a 9.9 per cent rise in full-year pre-tax profit to £24m and a 4.5 per cent rise in revenues to £159.1m.

Chief Executive, Lord Chadlington said: ‘The group is in a robust financial position with substantially reduced debt and banking facilities in place until 2012 which will give us the flexibility to take advantage of growth opportunities that may arise in the downturn.'

Continuing the positive trend for PR established by Chime Communications and WPP, Huntsworth said PR revenues climb 5 per cent.

All areas of its PR business grew during the year, with the exception of financial communications. Consumer revenues grew 8 per cent organically over the year, Corporate and B2B revenues grew 6 per cent organically and public affairs grew by 33 per cent.

Financial communications saw revenue drop 4 per cent, with financial projects dropping by 25 per cent. However, financial retainers have grown by 3 per cent over the year.

Public Relations accounts for 74 per cent of group revenues and Huntsworth Health (which saw revenue decline 1 per cent) makes up 26 per cent.

The company said that year had started well with more than 78 percent of 2009 revenue already committed.

 

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