Please login to the form below

Not currently logged in

Growth for Huntsworth's health agencies bucks downward trend

Solid third quarter performance from Huntsworth Health and the Red Consultancy

Huntsworth's health division showed strong revenue growth for the third quarter, despite overall group pre-tax profits underwhelming.

The UK-based PR and communications group saw a 3.6 per cent decline in profits for the third quarter; with a 17.2 per cent drop in Citigate revenue and a 7.6 per cent drop in Grayling revenue.

Huntsworth Health and The Red Consultancy, however, bucked the trend with growth of 6.8 per cent and 11.4 per cent, respectively.

Like other marketing services companies, the group's Q3 revenues were adversely affected by the economic conditions in the UK and Europe and by the downturn in financial and corporate activities in the UK financial markets.

"Huntsworth Health showed strong revenue growth in Q3 with no sign of the downturn which affected Q4 2011 and Red continued to show excellent revenue growth,” said Sally Withey, chief operating officer at Huntsworth.

“In Grayling, new multi-office business could not offset a further slowdown in Q3 across the Eurozone. In Citigate, revenues in Europe and the Far East showed some growth but the division was held back in London by the continuing lack of activity in the UK financial markets.

“Whilst revenues in the third quarter were softer than anticipated, costs have been controlled and we therefore expect to show a significant improvement in profitability for calendar 2012," she said.

16th November 2012

From: Marketing



COVID-19 Updates and Daily News

Featured jobs


Add my company
Say Communications

Influencing positive behaviours and delivering change is what drives us, using thought leadership, education, social and professional engagement and compelling,...

Latest intelligence

Understanding behaviour change: A Porterhouse Insights specialism
Robust Review: COVID19 Assessment
See how our client utilized Rapid Payer Response (RPR) to stay informed and gain continuous insights during the recent global pandemic (COVID19)...
Human behaviour - Sept 21
All change – how untangling human behaviour can encourage better health
Driving better patient outcomes through clear, achievable practical steps that are underpinned by transparent evidence...