Norman Broadbent PLC Trading Update (7886A)
24 Enero 2020 - 1:00AM
UK Regulatory
TIDMNBB
RNS Number : 7886A
Norman Broadbent PLC
24 January 2020
Norman Broadbent plc
("Norman Broadbent", "NBB" or the "Group")
FY2019 Trading Update
Norman Broadbent (AIM: NBB) - a leading London listed
Professional Services firm offering a diversified portfolio of
integrated Leadership Acquisition & Advisory Services (Board
& Leadership Search, Senior Interim Management, Research &
Insight, Leadership Consulting & Assessment, and
executive-level Talent Solutions) - provides the following
unaudited trading update relating to the 12 months ended
31/12/2019.
The Board is pleased to report that following the progress made
in the first six months of 2019, the underlying growth in revenue
and improvement in operating results has continued into the second
half of the year. This has seen the company return to profitability
for the full year to 31 December 2019. A turnaround and
transformation of this scale is pleasing, particularly when many in
our industry are referencing lower than anticipated UK trading and
significant disruption in H2 2019 due to political and Brexit
uncertainty.
Highlights:
o Group Revenues increased YoY by 22% to GBP11.5m (2018
GBP9.4m)
o Group Net Fee Income increased YoY by 15% to GBP7.6m (2018
GBP6.6m)
o Group returns to full year profit for 2019
o Good H2 results bettering H1
The table below represents the progress made by the Group since
2017.
2017 2018 2019
Group revenue (GBPm) 6.5 9.4 11.5
Net fee income (GBPm) 5.0 6.6 7.6
The Group anticipates releasing the full results for FY2019 in
early April.
Mike Brennan Group CEO of Norman Broadbent, commented
"The continued growth in revenue and our return to full-year
profitability after several years of losses is an extremely
important milestone for Norman Broadbent. As we move forward into
2020 these results further evidence that our strategy of building a
more diversified, innovative and relevant business is working. Our
diversification strategy has created a more balanced Group offering
clients a range of consulting, research-related, and impactful
Leadership Advisory & Acquisition solutions.
We continue to invest in high-quality Talent. In particular we
are pleased to announce the opening of a new North-West office in
March 2019. Our North-West team are already hired, fully
operational, and starting to contribute.
In London we will shortly be relocating to new, larger offices
in SW1 enabling us to scale further.
On achieving this important profit milestone, I would like to
again thank my colleagues for their hard work, innovation and
commitment, our clients for placing their continued trust in us,
and our supportive shareholders."
For further information please contact:
Norman Broadbent plc / Mike Brennan 020 7484 0000
WH Ireland Limited / Adrian Hadden 020 7220 1666
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTFLFVDLTIVFII
(END) Dow Jones Newswires
January 24, 2020 02:00 ET (07:00 GMT)
Norman Broadbent (LSE:NBB)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Norman Broadbent (LSE:NBB)
Gráfica de Acción Histórica
De May 2023 a May 2024