MCI reports 10% growth in gross margin

Global PCO and creative agency MCI’s Annual Report, 29 April, for the year ending 31 December 2013 outlines double-digit growth in gross margin, up to €116m.

MCI says its EBITDA (earnings before interest, tax, depreciation and amortization) figure represented an increase of €11m from 2012.

The gross margin generated by offices outside Europe grew 35 per cent. 

Group organic growth is put at six per cent, with acquisition growth adding a further four per cent.

MCI had acquired EMC, a performance improvement specialist in Asia and DBIS, a creative agency based in Hong Kong, as well as OSC in Austrialia, China and Macau.

There were other acquisitions in Switzerland and Germany, and Congrex Belgium last year.

Meetings & Events and PCO business now represent 34 per cent and 31 per cent of MCI’s business, respectively, while Technical Production and Creative Communication Services grew to 18 per cent of the total gross margin.

MCI also published a vision for its market over the next 10 years and expects to achieve double-digit growth to reach a gross margin of €130m in 2014.

MCI boasts 1,600 experts in 56 cities and says its client portfolio remains balanced between corporate clients and associations.

 
Do you have news for CN? Email: pcolston@mashmedia.net

Paul Colston

Author

Paul Colston

Managing Editor, Conference News & Conference & Meetings World.

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