Huntsworth CEO Peter Chadlington reports an 18.6 percent rise in first-half operating profit to $20.6M on flat revenues of $132M.
Though “cautious given the macro environment,” Chadlington is buoyed by progress made in Huntsworth’s strategy of lining up global and multi-office accounts.
Those accounts “have taken time to come on stream, but are now established and providing a firm revenue base across most markets, particularly Europe,” according to Chadlington.
Multi-office revenues account for a third of flagship Grayling’s business. Grayling, which generates nearly half of Huntsworth’s revenues, scored big wins like Ryder Cup Europe and London City Airport, while expanding relationships with DHL, Hilton and British Airways.
Huntsworth Health, which contributes 30 percent of overall revenues, was powered by a sharp rise in digital business. Since June, the unit has picked up new business wins worth $15M over the next 18 to 24 months.
Chadlington plans to keep a tight control over costs for the remainder of the year and anticipates improved profit margins over 2011.
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