The Mark Allen Group reports record results
05 December 2018
Despite all the financial and political uncertainty, the Mark Allen Group continues to shine through the media and Brexit clouds.
The 2017-18 audited accounts show turnover increasing by £6.2 million from £37.1 million to £43.3 million, a rise of 16.8 per cent.
Profit before taxation climbed from £3.7 million to £5 million, with net profit margins increasing from 9.9% to 11.6%.
Similarly, EBITDA improved by an impressive 30.5%, from £5.5 million to £7.2 million.
Executive chairman Mark Allen said: ”I am simply delighted by these excellent results. Ben Allen and his team have worked incredibly hard to produce results like these in a challenging climate.”
CEO Ben Allen added: “It is all about teamwork and we have some very talented people in the company. I am particularly pleased by the way we are growing our events and exhibitions business, which now constitutes 38% of our total revenue.”
For further information:
Mark Allen, Chairman
Tel: 020 7501 6700
Ben Allen, Chief Executive
Tel: 020 7501 6725