Next 15 Group plc, a tech and data-driven growth consultancy, has provided an update on its trading for FY24. The company's performance has remained robust, with net revenue up by 2.5% organic in the three months ended 31 October 2023 compared to the same period last year. Overall, net revenue for the first 9 months of the year has increased by 2.6% compared to the previous year. The Group has seen organic growth in Customer Insight, Customer Delivery, and Business Transformation, while Customer Engagement has declined due to client spend delays.

Despite macroeconomic headwinds, Next 15 expects its full-year net revenue, profits, and earnings per share to be in line with management expectations, demonstrating the resilience of its diversified, decentralised business model. The company anticipates an increase in full-year operating margins compared to last year, reflecting improved trading from businesses integrated following the Engine acquisition and tight cost control across the Group.

Next 15 maintains a strong balance sheet and expects to be in a modest net debt position at the year-end. The company follows a disciplined approach to capital allocation, enabling it to take advantage of strategic and bolt-on acquisition opportunities. Next 15 has initiated a share buyback program of up to £30 million, with £1.9 million already invested in buying back and cancelling shares.

Next 15 will be hosting a hybrid capital markets event in London on November 28, 2023. The event will feature presentations by brands from each of the Group's segments, showcasing growth ambitions, strategies, and technologies, including AI, that will support Next 15's growth targets over the next five years. The event will be broadcast live for those unable to attend in person.

Overall, Next 15 Group plc remains optimistic about its performance and growth prospects, despite the challenges posed by the macroeconomic environment.