Aegis Group posts strong performance

LONDON - Marketing services network Aegis Group has posted a near 11% increase in total revenue in the first quarter of 2007, reflecting strong organic growth across the group.

First quarter revenue for the group increased by 10.8% at constant currencies and by 4.6% at reported rates. Group organic revenue growth rose to 8.5% in the first quarter, Aegis said in its latest AGM statement, released today.

Revenue growth at Aegis Media was also strong at 10.3% at constant currencies, and 5.3% at reported rates, buoyed by a good performance in both the Asia-Pacific and EMEA, a healthy Chinese market, and a record $2.7bn of net new business won in 2006.

Aegis Media, which encompasses media agencies Vizeum and Carat, enjoyed a string of wins in 2006, including the international brief for 20th Century Fox (Vizeum). It also extended its presence in emerging markets, acquiring digital agencies AgenciaClick in Brazil and Trigger in South Africa. 

Aegis will release a pre-close trading statement in June, and will announce its half-year results on September 6.

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