World Events managing director Martin Parry

World Events Group turnover skyrockets 41%

Leanne Bell , 30 June 2009

Turnover up from £21.1m in 2007 to £30.3m in 2008

World Events Group's turnover has skyrocketed 41% from £21.1m in 2007 to £30.3m, the agency announced today.

It attributes the growth to increased business from existing clients and a number of new client wins in 2008, which the agency claims represent a gain in market share.

The agency's operating profit - excluding first year expenditure on establishing an office in Amsterdam - was up 30% from £1m in 2007 to £1.3m in 2008.

This profit has been invested to increase World Events' overseas presence, 20% more staff and development of its in-house delegate-management software.

World Events managing director Martin Parry said: "Our financial performance is a key measure of our success, but the strength of the group is reflected in our growing list of blue-chip clients and recognition through awards of the events we deliver for them."

Executive chairman Graham Keene added: "We are cautious about the impact of the economic climate on our business in the short term, however, we remain optimistic that by investing in our staff, global offering and technology we will ensure that World Events is one of the strongest agencies when the economy recovers."