The shape of relations

The Shape of Relations

Investment Case

Healthcare and US focused

With 85% of profits derived from Healthcare and 71% from the US, Huntsworth is weighted towards a higher growth, defensive sector in a stable political and economic environment.

Integrated offering

The Group continues to develop a full service, digitally driven offering to support its customers. The acquisitions of Giant Creative Strategy, Navience Healthcare Solutions and AboveNation Media demonstrated our progress in this area, with all three acquisitions adding key new capabilities in our marketing division.

Strong balance sheet

Despite the acquisitions made during 2018, the Group ended the year with net debt 1.9x EBITDA, comfortably within our covenant limits. Cash generation is strong and will facilitate further deleveraging.

Good organic growth, supported by M&A

The Group’s healthcare divisions grew 6% on a like-for-like basis, with a further £34 million of annualised revenues added through acquisition.

Progressive dividend

The Group once again increased its full year dividend in line with profits, by 15%. The full year dividend continues to represent approximately one third of the Group’s diluted headline earnings per share.