Huntsworth plc Reports Interim Management Statement for the Third Quarter of 2012; Provides Earnings Guidance for 2012
November 15, 2012 at 12:30 pm IST
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Huntsworth plc reported interim management statement for the third quarter of 2012. Group revenues in the 2012 third quarter have, in common with other companies in the marketing services sector, been adversely affected by the economic conditions in the UK and Europe - which account for 60% of group revenues - and by the downturn in financial and corporate activity in the UK financial markets. Group like-for-like revenues declined by 3.6% in the 2012 third quarter against 7.0% growth in 2011.
Whilst revenues in the third quarter were softer than anticipated, costs have been controlled and the company therefore expects to show a significant improvement in profitability for calendar 2012. The Board expects 2012 profits before tax and highlighted items to be significantly ahead of 2011, although at the lower end of current market expectations.
Huntsworth Limited is a United Kingdom-based intermediate holding company. The Company is engaged in healthcare and communication activities. The Company, through its subsidiaries, is focused on health that provides marketing and medical communications services to healthcare clients, which are primarily large and mid-size pharmaceuticals and biotechnology companies. It also provides a range of communications and advisory services, including strategic communications, public affairs, investor relations and consumer marketing. The Companyâs financial instruments comprise bank loans, bank overdrafts, loan notes, and cash and short-term deposits. The Companyâs geographical areas include the United Kingdom, Europe, the United States and the rest of the world. The Companyâs subsidiaries operate in approximately 28 in the United Kingdom and Europe.
HUNTSWORTH PLC 
