NEWS3 February 2014

Creston reports revenue, pre-tax profits up

Financials UK

UK — Creston has reported a rise in group revenue and headline pre-tax profits for the three months to 31 December – ahead of both the first two quarters of the financial year and the prior year period.

However, like-for-like revenue declined 1% year-on-year, the company said – although it noted that “this is an improvement when compared to the first half of the financial year, and was helped by the new business wins in the period together with those in the first half of the financial year”.

Recent contracts have benefited from the group’s “co-location strategy” – housing its various businesses under one roof. “These included a contract for the Federation of Small Businesses and the British Chambers of Commerce (for market research, PR and digital advertising), and for Canon (market research and digital advertising),” Creston said.

Pictured is CEO Don Elgie, who is due to retire in March, to be replaced by CFO and COO Barrie Brien.

@RESEARCH LIVE

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