SEC Newgate S.p.A. Trading Update (0081S)
11 Noviembre 2021 - 1:00AM
UK Regulatory
TIDMSECN
RNS Number : 0081S
SEC Newgate S.p.A.
11 November 2021
11 November 2021
SEC Newgate S.p.A. ("SEC Newgate" or the "Group")
Trading Update
SEC Newgate (AIM:SECN) the insight-driven global strategic
communications group that works at the nexus of business, politics,
communities, markets and media, today provides an update on Group
trading.
The Board is pleased to report that, for the 9-month period to
30 September 2021 (the "Period"), the Group's unaudited
consolidated results were ahead of management expectations and
substantially above the comparable period for the prior year.
All the Group's major businesses have performed strongly with
the vast majority now trading under the SEC Newgate brand. The
results for the Period also include six months' trading from Orca
Affairs, a German agency acquired in December 2020 and consolidated
from April 2021. The new business pipeline is strong and conversion
rates at very high levels, whilst cross-selling between agencies is
becoming increasingly significant.
Following the acquisition of Twister Middle East in July 2021,
the business was renamed SEC Newgate Middle East and the Group's
regional headquarters moved to Dubai and its Abu Dhabi entity
closed. SEC Newgate Middle East is performing very well and is
leveraging the opportunity of the Expo 2020 which is currently
being held in Dubai.
The Group's inaugural global thought leadership initiative - SEC
Newgate ESG Monitor - launched on 21 October and attracted
widespread digital, print and broadcast media coverage which
further enhanced SEC Newgate's visibility and reinforced its
reputation at a worldwide level. The increased profile will also
support the Group's mission to attract and retain the very best
talent around the world.
Commenting on the Group's strong financial performance, Fiorenzo
Tagliabue, Group Chief Executive, said:
"The excellent financial growth we are experiencing is primarily
organic but is further enhanced by Orca Affairs, our German agency
- Germany is now our third largest market after the UK and
Australia. The Group is now working as one, under a unified brand,
with campaigns being executed seamlessly for clients across
numerous jurisdictions. This is leading to an increase in the
volume of international opportunities we are seeing and stimulating
cross-selling across our businesses.
"We started the final quarter of the year with a financial
performance ahead of expectations and look forward to continuing
this momentum through to the end of the year."
Ends
Media Enquiries
Fiorenzo Tagliabue (Group CEO) Tel: +39 335 6008858
tagliabue@secrp.com
Emma Kane (Deputy Group CEO, Tel: +44 (0) 7876 338339
CEO SEC Newgate UK) emma.kane@secnewgate.co.uk
Sergio Penna (Group CFO) penna@secrp.com
Arden Partners
(Nominated Adviser and Broker)
Richard Johnson Tel: +44 (0) 20 7614 5900
Notes to Editors
-- SEC Newgate's focus is on achieving positive outcomes through
communications, advocacy and research, helping clients clearly
demonstrate their purpose, value, and impact locally, nationally
and internationally.
-- Further information is available at the Group's website: www.secnewgate.com
-- Further information on SEC Newgate UK is available at: www.secnewgate.co.uk
Market Abuse Regulation (MAR) Disclosure
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Company, prior to announcement, to constitute inside information as
stipulated under Article 7 of the Market Abuse Regulations (EU) No
596/2014, which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. With the publication of this announcement
via a Regulatory Information Service, this inside information is
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END
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