UPS, Dell and Johnson & Johnson to accelerate BI Worldwide growth

BI Worldwide is forecasting 13% growth in its current financial year, after filing audited accounts for 2012 showing a second year of positive results.

BI Worldwide managing director Mike Davies is pleased with 2012 financial results
BI Worldwide managing director Mike Davies is pleased with 2012 financial results

BI Worldwide has filed its annual accounts for the year ended June 2012, with pre-tax profit up 36% to £706,000.

Across the business, which includes events, sales incentives and employee engagement programmes, gross profit increased 3.6% to £6.8m, while turnover was up slightly to £19.5m.

Events-based revenue

Meanwhile, events-based revenue grew 4.6% year-on-year to more than £6m, following new client wins including aerospace company SITA.

The agency worked with Toyota last year after winning a three-event contract for projects between March and June, and also won business from clients including Canon and Bupa.

BI Worldwide managing director Mike Davies said: "I am delighted to see a second year of positive growth. Our entire team deserve this result. It is the hard work and dedication of our associates that continues to make our business financially stronger as well as being a great place to work."

Davies added that focusing on client relationships and sticking to the agency’s core areas of product launches, incentive travel and conferences had helped the business to grow.

Strong 2013

Meanwhile, the first six months of BI Worldwide’s current financial year – from June to December 2012 – have also been strong, added Davies.

The agency is forecasting full year turnover of £22m to the end of June 2013, a rise of 13%, while gross profit is expected to be up by around £500,000 to about £7.4m.

Meanwhile, profit from the events side of the business is forecast to increase 10.5%, to just over £2m. 

"We have already secured a number of new client contracts, and we have also grown our existing clients, with some running a greater number, or bigger events," added Davies.

The agency worked with UPS on its Olympics activity, and has also won work with Dell and Johnson & Johnson in its current financial year. 

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