STW Group reports 3.7% EBITDA growth for first half of 2011

STW Communications Group, which operates agencies JWT, Ogilvy and Mindshare, has reported a 6% increase in revenue in the first half of 2011 – but less than 4% growth in earnings before interest, tax, depreciation and amortisation.

CEO Michael Connaghan called the results “solid” and driven almost entirely by organic growth, despite events that have hit the spend of its clients.

“Our first half trading results are solid and we have continued on our growth trajectory in the first half of 2011. Our revenue and profit growth reflects improved performance across all our communications disciplines,” he said.

Net profit before tax of its advertising, media and production companies was up 2.2%, while its diversified marketing and communications assets grew by 1.9%.