PHD Hungary has been named Media Agency of the Year 2014 by M+list.

The M+list ranks agencies according to their previous year’s performance at local and international award shows and advertising festivals from the EFFIES to Cannes Lions.

The M+list dates back to 2007 but this year saw the first official award ceremony take place last week in which PHD Hungary took the crown as the first Media Agency of the Year.  OMD took second place, Maximize came third, Havas Media fourth and Carat fifth.

The M+list is organised by Kreatív Magazine and MAKSZ (Association of Communications Agencies).