While 2.5% revenue growth and 6.1% EBIT growth is relatively pedestrian by
Next 15’s historic track record, we see the last year as one of the most
impressive reported by Next 15. Revenue growth and margin expansion has
been delivered in the face of a significant slowdown in demand from the
group’s historic core technology sector clients. We believe a number of
factors are in play here, not least the growing diversity of Next 15’s client and
business mix as a result of M&A over the last three years. We also look to the
de-centralised group operating structure, which prioritises subsidiary
accountability for budgets and cost control.
19 Apr 2024
Next 15 Group PLC
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Next 15 Group PLC
Next 15 Group plc (NFG:LON) | 966 116 1.2% | Mkt Cap: 965.5m
- Published:
19 Apr 2024 -
Author:
Iain Daly -
Pages:
9
While 2.5% revenue growth and 6.1% EBIT growth is relatively pedestrian by
Next 15’s historic track record, we see the last year as one of the most
impressive reported by Next 15. Revenue growth and margin expansion has
been delivered in the face of a significant slowdown in demand from the
group’s historic core technology sector clients. We believe a number of
factors are in play here, not least the growing diversity of Next 15’s client and
business mix as a result of M&A over the last three years. We also look to the
de-centralised group operating structure, which prioritises subsidiary
accountability for budgets and cost control.