By Kevin McCauley
Huntsworth today announced that first-quarter revenues rose 3.8 percent, powered by a 19.4 percent advance by its Red unit, which picked up Symantec, Adobe, Boots and Gatwick Airport during the past year.
CEO Peter Chadlington said management is keeping tight control on costs due to the uncertain economic outlook, especially in Europe. He expects modest full-year growth, but improved profitability.
Huntsworth’s global flagship Grayling, active in more than 40 countries and the U.S. via Atomic PR and Dutko, registered a 3.8 percent gain to its $150M revenue base.
Developments in the Middle East paced its performance. Grayling this week opened a new office in Doha, Qatar. It serves BAE Systems, Qatar Foundation and Al Jazeera’s children’s channel in the Middle East.
Huntsworth Health was up 3.3 percent during Q1, while Citigate declined 2.7 percent.
The company announced that Terry Graunke, co-founder of Lake Capital, has joined its board. LC and Graunke own a 9.8 percent stake in Huntsworth.
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