The events division of Motivcom plc has contributed £16.2m
to an overall gross profit of 29.5m in 2011, the company has announced.
This represents a rise of 5 per cent on the £15.4m gross
profit achieved by the events businesses - which include P&MM Events &
Communications, AYMTM and Zibrant – in 2010.
The results, for the year ending 31 December 2011 were
announced to the London Stock Exchange. Overall gross profit increased 6 per
cent, which the group said, showed ‘an almost immediate return’ after investing
more than £3m in new IT technology and two strategic acquisitions; Allsave, a
childcare and employee benefit voucher provider and Goldserve, a global
conference and event lead generation business.
Managing director of the events division, Nigel Cooper, said
the group also had a very healthy balance sheet with in excess of £5m in net
cash reserves, while dividends to shareholders increased by 25 per cent year on year.
“I am delighted with
this result in what has been a tough trading environment for all sectors of the
economy,” he said. “In these volatile global economic conditions the depth of
experience and quality in every division of our business reassures me that we will
continue to deliver growth.
“I believe our teams
embrace change and adapt to market conditions with remarkable dexterity and our
performance is a tremendous tribute to everyone in Motivcom.”
Pictured: Nigel Cooper