Aegis profits outstrip competitors

15-03-2007

Aegis profits outstrip competitors
Marketing services firm Aegis saw its pre-tax profits grow by 16 per cent in 2006.

The London-based company said its organic revenue growth of 7.7 per cent was the best in the industry, helped by new business worth $2.7 billion (£1.5 billion).

Communications services specialist subsidiary Aegis Media was boosted by its business with the global Adidas-Reebok consolidation and progress in its digital marketing services.

Meanwhile market research provider Synovate grew twice as fast as its market competition, Aegis said, thanks to its targeting high-growth areas of the world including central and eastern Europe, the Middle East and the Asia-Pacific region.

"Both Aegis Media and Synovate delivered strong performances, ensuring that overall Aegis delivered better organic revenue growth than its peers, and a tenth year of market outperformance," Aegis chief executive Robert Lerwill said.

The company said it expected its 2006 growth to continue into this year, helped by sustained global economic growth, the introduction of new products and continued digital marketing expansion.

Shares in Aegis rose by 4.59 per cent during early morning trading.


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