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BCD Meetings & Events reveals £1 million target

Target revealed as MD Nigel Cooper says general election result could have negative impact on industry

Pictured: Nigel Cooper

BCD Meetings & Events is targeting EBITDA of £1 million next year – an increase of 20 per cent.

Last week BCD announced an 8 per cent increase in profit, following its acquisition of Zibrant in July 2016.

Nigel Cooper, MD of EMEA at BCD Meetings & Events, said: “We’ve just been through a year of transition and integration and it was a reasonable movement forward of 8 per cent in a year of significant change.

“It’s been a good journey and now we’re targeting a 20 per cent increase to £1 million in EBITDA (earnings before interest, taxes, depreciation and amortisation).”

Cooper also revealed that he believes the recent general election result could have a negative impact on the industry, citing a snap poll of 700 members of the Institute of Directors that found a "dramatic drop" in confidence following the hung parliament.

He said: “When you have a lack of business confidence, you think twice before you commit to spending money. That thought process impacts the industry; you reduce the size of an event, delay opening a new office, delay investment in computer systems – that affects profitability. It all has a knock on effect.

“A thriving events industry requires a reasonable level of business confidence, because they are commitments that people make in advance.”

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