About Us
At a Glance
Huntsworth PLC is an international healthcare and communications group.Huntsworth PLC is an international healthcare and communications group. The Group’s principal area of focus is health, which provides marketing and medical communications services to healthcare clients, which are primarily large and mid-size pharmaceutical and biotech companies. It also has a smaller Communications group, which provides a wide range of communications and advisory services including strategic communications, public affairs, investor relations and consumer marketing.
Huntsworth Health has three main divisions. Medical focuses on communicating evidence on new scientific and drug developments and educating healthcare professionals and payers on the appropriate use of therapy. Marketing focuses on post-approval marketing of drugs to payers, healthcare professionals and consumers, primarily in the US. Immersive provides live experiences, communications and interactive content.
Communications contains three main communication and advisory agencies. Grayling is a global integrated communications network, covering public relations and public affairs. Citigate Dewe Rogerson is an international financial and corporate public relations consultancy. Red is a strategic communications consultancy offering PR, digital and content expertise.
Our Business Model
Huntsworth generates value through a network of specialist agencies.
Resources and relationships
Read moreStrong brands
Huntsworth’s businesses, in both the Healthcare and Communications divisions, operate under a range of strong, well-respected brands. Brands continue to be essential in a market which places a premium on trustworthy, quality businesses.
Experienced talent
The experience, knowledge and creativity of our people is integral to the success of our business. We have in place employment policies and practices that enable us to attract, retain and develop our talent and ensure the Group retains its market-leading position.
Robust client base
Huntsworth works with a range of longstanding clients, big and small; nearly two thirds of our clients have been a customer for more than 5 years. In our Healthcare divisions we work with the biggest pharma companies in the world, including all of the top 20, as well as a number of smaller, nimble biotech companies. In our Communications division, we work with a range of blue-chip companies and household names.
Global network
All of our businesses operate globally, which means that we can be where our clients are. Whilst each business is focused on the specific needs of its clients, we can create integrated teams – within or across our divisions – to address challenges that require a multidisciplinary solution.
Enabling growth
Huntsworth the Parent Company enables innovation and growth in the agencies, by taking on much of the administrative burden in areas such as financial control, treasury, tax, M&A, investor relations, legal services and internal audit. This frees up the agencies to provide better quality service to their clients.
Returns generated
Read moreRevenue growth
Our strong brands, quality people and global network combine to support revenues which are both resilient and which can grow sustainably. Growth in revenue sustains the long-term growth in the earnings of the business. Whilst we continue to remove unprofitable revenues in the Communications division, our Healthcare divisions saw good growth in aggregate.
+6% like-for-like revenue growth in Healthcare
Profit growth
Growth in profits is driven by both revenue growth and a continued focus on operational and cost efficiencies. Over the past two years we have reorganised our business in order to maximise the efficiency in the way that we operate and we continually review how, when and why we do things in order to identify further improvements.
+15% like-for-like headline profit growth
Cashflow
Strong cash flows are underpinned by good profit generation, combined with sensible working capital management. Our businesses deliver to sustainable but tightly managed working capital targets, which delivers both visibility over cash flows and ensures that we minimise our debt requirements. Short and long term cash flow forecasting also ensures that we continue to operate well within our facility limits whilst delivering an optimum capital structure. Whilst cash flows were impacted by one-off factors in the first half of 2018, the Group’s balance sheet remains strong.
1.9x net debt to pro-forma EBITDA
Stakeholder outcomes
Read moreCustomers
We help our customers engage, adapt and evolve in fast-changing landscapes, building brand resilience and creating measurable advantage to achieve their business objectives – whether that’s building awareness, affinity or improving reputation leading to increased sales, visits or sign-ups.
Employees
Our employees benefit from working in a stimulating and rewarding environment, doing high-quality work alongside talented colleagues. Our employees have access to a number of training initiatives, as well as an annual appraisal and performance evaluation, to further their development.
Investors
We aim to maximise value for our shareholders and other investors through sustainable growth in earnings and cash flows.
+24% growth in headline diluted EPS
Strong brands
Huntsworth’s businesses, in both the Healthcare and Communications divisions, operate under a range of strong, well-respected brands. Brands continue to be essential in a market which places a premium on trustworthy, quality businesses.
Experienced talent
The experience, knowledge and creativity of our people is integral to the success of our business. We have in place employment policies and practices that enable us to attract, retain and develop our talent and ensure the Group retains its market-leading position.
Robust client base
Huntsworth works with a range of longstanding clients, big and small; nearly two thirds of our clients have been a customer for more than 5 years. In our Healthcare divisions we work with the biggest pharma companies in the world, including all of the top 20, as well as a number of smaller, nimble biotech companies. In our Communications division, we work with a range of blue-chip companies and household names.
Global network
All of our businesses operate globally, which means that we can be where our clients are. Whilst each business is focused on the specific needs of its clients, we can create integrated teams – within or across our divisions – to address challenges that require a multidisciplinary solution.
Enabling growth
Huntsworth the Parent Company enables innovation and growth in the agencies, by taking on much of the administrative burden in areas such as financial control, treasury, tax, M&A, investor relations, legal services and internal audit. This frees up the agencies to provide better quality service to their clients.
Revenue growth
Our strong brands, quality people and global network combine to support revenues which are both resilient and which can grow sustainably. Growth in revenue sustains the long-term growth in the earnings of the business. Whilst we continue to remove unprofitable revenues in the Communications division, our Healthcare divisions saw good growth in aggregate.
+6% like-for-like revenue growth in Healthcare
Profit growth
Growth in profits is driven by both revenue growth and a continued focus on operational and cost efficiencies. Over the past two years we have reorganised our business in order to maximise the efficiency in the way that we operate and we continually review how, when and why we do things in order to identify further improvements.
+15% like-for-like headline profit growth
Cashflow
Strong cash flows are underpinned by good profit generation, combined with sensible working capital management. Our businesses deliver to sustainable but tightly managed working capital targets, which delivers both visibility over cash flows and ensures that we minimise our debt requirements. Short and long term cash flow forecasting also ensures that we continue to operate well within our facility limits whilst delivering an optimum capital structure. Whilst cash flows were impacted by one-off factors in the first half of 2018, the Group’s balance sheet remains strong.
1.9x net debt to pro-forma EBITDA
Customers
We help our customers engage, adapt and evolve in fast-changing landscapes, building brand resilience and creating measurable advantage to achieve their business objectives – whether that’s building awareness, affinity or improving reputation leading to increased sales, visits or sign-ups.
Employees
Our employees benefit from working in a stimulating and rewarding environment, doing high-quality work alongside talented colleagues. Our employees have access to a number of training initiatives, as well as an annual appraisal and performance evaluation, to further their development.
Investors
We aim to maximise value for our shareholders and other investors through sustainable growth in earnings and cash flows.
+24% growth in headline diluted EPS
Our Strategy & Objectives
Huntsworth acquires, creates and develops specialist agencies that deliver marketing and communication services.
The shared objective of all of our Group agencies is to deliver high-value solutions to clients through the integration of our creative and technical expertise along with the quality and speed of our implementation. In so doing we aim to gain further market share.
When this is optimised the result is a faster-growing, higher-margin business, which generates a better return for shareholders.
Strengthen the Group’s focus on Healthcare marketing services
The healthcare industry has a good long-term outlook, underpinned by strong fundamentals, including an ageing population and a rise in chronic health conditions. At the same time it is becoming increasingly competitive, with the established pharma companies facing challenges from small biotech firms and other niche players. In this environment, healthcare marketing services have an increasingly important role to play.
Extend and grow our capabilities and services
The lines between traditional marketing, advertising, communications and public relations are becoming increasingly blurred. With clients critically reviewing the solutions available to them and with a premium placed on innovative solutions, it is important to continually review our service offering and to extend and develop new capabilities and services.
Improve profitability across the Group
The Group has made significant progress over the past two years in improving its profitability, but we aim to drive further operational and cost efficiencies, as well as focusing on higher value-add services, in order to deliver market-leading margins.
