Aegis Update: We Remain 'Good'
Dec 23, 2004, 12:00 AM
Aegis Group, the parent of the Carat, Vizeum, Synovate, Posterscope and Isobar media and research networks, Wednesday alerted shareholders that its financial performance remains "good for Aegis' media and research operations against a background of modest recovery in the markets in which they operate." The company did not specify how it's results for the year would end up, but said they were in line with previous financial guidance, and that preliminary 2004 results would be released on March 8, 2005. "Aegis' media operations performed well with turnover ahead of the same period last year," the company said. "Carat continued to perform well and increase its market share. In America, Carat had a good new business year largely as a result of its strength in communications planning. In Asia-Pacific, Carat's operations continued to show strong growth. In Europe, the improving market environment helped trading although Carat France experienced a number of client defections towards the end of the year. Vizeum achieved good business growth in Europe with a number of significant international client wins. Isobar continued to grow strongly and, consistent with the strategy announced at the time of its launch, has made a number of key acquisitions. Posterscope has further expanded its network in the year, and is making a good contribution to group results."