Ashfield Meetings & Events, a full service global event management company that specializes in serving the healthcare sector and part of UDG Healthcare PLC, has announced its results for the financial year ending September 2016.
Earnings before interest and tax (EBIT) for the period was $7.782m* compared to $6.971m* in the previous 12-month period, an increase of 11.6%. This is the second year running the agency have demonstrated double-digit EBIT growth. The numbers have been consolidated from accounts covering the company’s operations across Europe, the US and Asia.
Commenting on the performance, Nicola Burns (Global Managing Director) 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 programs. In addition, the continued commercial development of SPARK THINKING has helped enhance our creative service offering and diversify our client base.”
Burns concluded: “The healthcare meetings market continues to evolve and we are looking to expand our leading position by investing in technology, prioritizing our growth in the US and further connecting our healthcare expertise across the Ashfield division to add new types of value for our clients. Our focus internally will be on driving productivity and leading through our people. 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 year. These internal promotions, combined with a series of new business wins in 2017, has resulted in a number of current vacancies based across our offices in the United States.”
*The global consolidated figures in USD have been converted from GBP using an average exchange rate for the financial reporting period from 1 October 2015 to 30 September 2016 of $1.4195 to £1. For comparative purposes the 2015 financial year results have been converted using the same exchange rate.