VCCP and Teamspirit boost Chime profits 14%

LONDON - Chime Communications, parent to VCCP and Teamspirit, has reported 14% growth in profits for 2009.

Lord Bell: hailed Chime's 'best ever' results
Lord Bell: hailed Chime's 'best ever' results

VCCP put in a "strong performance" both in the UK and Germany, while Teamspirit "performed ahead of our expectations and well ahead of 2008", Chime said.

VCCP, which was acquired by Chime for £30m in 2005, has won clients including Npower, Miller, Emirates and the COI's sexual health account in the past year.  

Chime's advertising and marketing services division's operating income rose 10% from 2008, to £33.3m, which accounted for just over a quarter of the group's operating income.

Chime, which is mainly driven by PR, but also has a substantial sports marketing business, achieved a 13.6% increase in pre-tax profits, to £18.6m.

Lord Bell, the PR man who built up and chairs the group, hailed what he called the company's "best results ever".

"We outperformed the market and our competitors in 2008, and we have done so again in 2009," he said. "2010 has started well and we are cautiously optimistic for the outcome of the full year."

Chime today (10 March) completed its acquisition of research and data analysis consultancy Tree from marketing services group Cagney, for £2m in cash.

Tree founders Steve Mattey, who is chief executive of Cagney, and Matthew Bayfield, are moving over with the company.

As a result, Cagney has appointed one of its directors and managing director of its sales promotion agency Cubo, Kerry Simpson, as its new chief executive.

Topics

Cannes Offer: 12 weeks' online access from just £12

Subscribe to Campaign before the end of Cannes Lions and save up to 71%

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Share

1 Publicis Groupe withdraws from marketing and awards to focus on AI-powered platform Marcel

Publicis Groupe is pulling out of all marketing activity for the next 365 days - and won't be entering awards at Cannes next year - as it focuses its resources on developing Marcel, described by chief executive Arthur Sadoun as a ground breaking new platform.

Job description: Digital marketing executive
Shares0
Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

Just published

More