Next Fifteen Communications Group, the London-based holding company of agencies like M Booth, Text100 and Bite, downplayed the impact of the UK's plans to exit the European Union and said it may stand to benefit.
The company, acknowledging "recent volatility" in the British pound, in which it reports financials, said 75 percent of its revenues are generated in other currencies, including 60 percent in the US. Next Fifteen said its results "stand to benefit on translation from a weaker British pound."
The company said it expects that any economic slowdown in the UK and EU resulting from Brexit "should be relatively modest."
Next Fifteen added that the year has thus far seen strong organic growth in North America, while UK and Asia operations have improved.
Other agencies of the company include The OutCast Agency, The Blueshirt Group and Lexis.
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