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Digital marketing firm targets more acquisitions after results boosted by Vodafone and Mr & Mrs Smith projects

William Turvill
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Be Heard has recently acquired MMT Digital and Agenda21 (Source: Getty)

Digital marketing company Be Heard is targeting more acquisitions after reporting its results for the first half of 2016 today.

The company, which acquired MMT Digital for £20.5m earlier this year and Agenda21 last year, today reported turnover for the period of £14.7m.

Clients won during the period included Vodafone, BDO, Wiltshire Farm Foods and Mr & Mrs Smith.

Read more: Marketing firm announces new acquisition worth up to £20.5m

Executive chairman Peter Scott told City A.M. that two clients delayed projects after the EU referendum but have now returned.

“We had a couple of projects delayed in the immediate aftermath when everybody was, I think, looking for a compass,” he said.

“They came back two or three months later, but they were postponements, not cancellations. So apart from that initial uncertainty everything is very stable and business as usual.”

Read more: Paysafe share price soars as it buys Income Access

Asked what Be Heard’s plans for the next year are, Scott said: “We are more and more excited every day at the scale of the opportunity to build a mid-sized marketing-services group.”

It is his ambition to buy and build Be Heard into a £100m-revenue company in the next three to four years.

Be Heard’s share price fell six per cent to 3.8p after reporting its results today.

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