Half Year 2025 Next 15 Group PLC Earnings Call Transcript

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Sep 17, 2024

Sep 17, 2024 / 08:00AM GMT
Timothy Dyson - Next 15 Group PLC - Chief Executive Officer, Executive Director

Thank you all for coming along. It's funny, Peter and I talk about our business a lot, and we talk a lot about the businesses internally that are doing well. And then there's always a small number, and we just that aren't doing quite so well. And we described them as being on the naughty step, which I know is a bit belittling and terrible, but I think we know how they feel right at this moment.

So, yeah, it's an unusual circumstance for us. We are not used to finding ourselves in a position where the market effectively is saying we don't really know quite where you are. We don't quite know where you're going.

In reality, the situation is relatively simple. We lost a big contract and the trends that we had in the full year last year have just largely continued. And I think the latter part is the part that's surprising to us. I think we had expected certainly in the first quarter, the indications were that that was going to change. But in the second quarter, it became increasingly clear that the technology

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