Full service global event management company Ashfield Meetings & Events has announced an 11.6% increase in EBIT (Earnings Before Interest & Tax) for the year ending September 2016.
The new EBIT figure was £5.48m compared to £4.91m in the previous 12-month period.
Ashfield M&E specialises in serving the healthcare sector and is part of UDG Healthcare PLC. It is the second consecutive year of double digit EBIT growth for the company and the numbers have been consolidated from accounts covering the company’s operations across Europe, the US and Asia.
Commenting on the performance, global MD Nicola Burns said: “We have had a number of new business wins, both in Europe and the US, that has helped achieve a strong set of results. This has included numerous consultancy projects, dedicated client teams and strategic meetings management programmes.
“In addition the continued commercial development of SPARK THINKING has helped enhance our creative service offering and diversify our client base.”
Burns added that the company would be looking to expand by investing in technology and prioritising growth in the US.
“Our focus internally will be on driving productivity and leading through our people,” Burns said. “It has been especially rewarding to see so many of our talented people take the next step in their career with us over the last 12 months. These internal promotions, combined with a series of new business wins in 2017, has resulted in a number of openings across our UK and US offices.”