Huntsworth reported a 10.4 percent dip in ’13 operating profit to $34.6M on flat revenues of $288.5M, a performance that CEO Peter Gummer said reflects stepped up strategic investments and continued softness in the European market.
Flagship Grayling showed a 26.8 percent drop in profit to $18.8M, while Huntsworth Health advanced 3.5 percent to $20M.
Financial unit Citigate and consumer-oriented Red enjoyed gains of 11.9 percent to $7.4M and 19.2 percent to $5.2M, respectively.
Gummer expects outlays for digital tools combined with key hires and an intensive training program to reinvigorate Grayling.
Overall digital revenues posted a 10 percent gain during the past year, accounting for 26 percent the British company’s business.
Huntsworth recruited Paul Myners, who was financial services secretary in the Labour Government of Gordon Brown, for the chairman slot.
The ex-chairman of Guardian Media Group and Marks & Spencer will take over for Richard Sharp at Huntsworth’s annual meeting.