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| Penny Ladkin-Brand |
Next Fifteen Communications reported an eight percent boost to $442M in revenues for the year ended Jan. 31 and a $1.8M pre-tax loss.
Chairman Penny Ladkin-Brand called the financial results “excellent” during a year like no other.
Next 15 attributed its “upbeat” performance due to limited exposure in COVID-19 ravaged sectors such as leisure, travel, retail, hospitality, sports marketing, live events and traditional media buying.
About 60 percent of overall comes from the tech sectors and its B2B marketing agencies.
Next 15’s brand marketing group, which includes Archetype, OutCast, M Booth and Blueshirt Group, posted a four percent jump in net revenues to $192M. Organic growth slipped 5.5 percent.
Overall, Next 15 recorded organic declines of four percent in Q1, eight percent in Q2, three percent in Q3 and two percent in Q4.
The firm says it is off “to a strong start in the new financial year as its trading performance is ahead of management’s expectations.”
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
