Ashfield Meetings & Events has reported a fall of £280k in earnings before interest and tax for the financial year ending September 2014, when compared to the previous12-month period.
Earnings before interest and tax for the period to September 2014 were £3.580m compared with £3.860m in the previous 12 months.
The numbers were consolidated from accounts covering the company’s operations in the UK, US and mainland Europe.
“We have made a number of investments in the financial year such as our move into new office space in the UK,” Nicola Burns, global managing director. “We have also developed and strengthened our fast-growing global engagement offering and launched our new consultancy brand Spark Thinking.
“With these investments these are very encouraging numbers, particularly with the backdrop of regulatory changes in the healthcare meetings and events sector.
“We have a solid pipeline of both new business opportunities and existing business development. This should help to ensure steady growth over the next 12 month period.”
Burns added that the recent appointment of Jo Brook as engagement director will help ensure a continued focus on growth and revenue across the agency’s exciting services.
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