By Kevin McCauley
Poor economic conditions in Europe battered London –based Huntsworth as third-quarter revenues declined 3.6 percent compared to a seven percent growth spurt a year ago, according to financials that it released today.
Flagship Grayling, which generates the bulk of its revenues in the U.K. and the Continent, suffered a 7.6 percent revenue decline, while financial communications specialist Citigate Dewe Rogerson suffered a 17.2 percent revenue plunge.
Huntsworth Health and Red consumer shop bucked the downturn, reporting revenues upswings of 6.8 percent and 11.4 percent, respectively.
Overall, Huntsworth CEO Peter Chadlington expects full-year profit to be ahead of last year, though “at the lower end of market expectations,” according to interim management statement. |