Wednesday, December 05, 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