Motivcom gross profit up 6% to £29.5m in 2011

Motivcom plc today announced that its gross profit increased 6% to £29.5m in 2011, with over £16m contribution from the events division.

The group said it shows an almost immediate return after investing over £3m in new IT technology and two strategic acquisitions. The group also has a very healthy balance sheet with in excess of £5m in net cash reserves. Dividends to shareholders increased by 25% year on year.

The events division, comprising Zibrant, P&MM Events & Communications and AYMTM, maintained its 2010 level of performance contributing 55% of the group’s gross profit.

Managing director of the events division Nigel Cooper said: "I am delighted with this result in what has been a tough trading environment for all sectors of the economy. Yet again we have proved that our teams are delivering essential business and marketing solutions for our clients with strategic vision and flawless execution."

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