Agency BI Worldwide doubles operating profit amid 'exceptional growth'

BI Worldwide's operating profit for the past 12 months has more than doubled, from £1.1m to £2.5m, while sales figures have reached record levels.

BI Worldwide more than doubles operating profits
BI Worldwide more than doubles operating profits

Operating profits for the Milton Keynes-based agency grew from £1.1m in 2014 to £2.5m, while sales increased by 38% to record levels, growing from £32.2m to £44.5m.

Gross profit was also up, from £9.4m to £12.5m, representing a 33% rise.

Mike Davies, managing director, said: ""Every single member of our team deserves this result. Their determination, talent and sheer hard work has delivered an exceptional result.

"We continue to proactively search for suitable acquisitions, although with this level of exceptional organic growth we will continue to be very cautious in selecting the right companies to buy."

In the last 12 months, the agency has grown its headcount to more than 210, as well as expanding into Russia and Germany.

"At the heart of our strategy is our people. Achieve that and the numbers fall into place. Our staff turnover rate is very low at just 11% and we are actively recruiting for between 15 and 30 new positions this year," Davies added.

In July, BI Worldwide announced that it had incested £1m in an office revamp and a training programme for its events team.

More:

Exclusive: BI Worldwide to launch content division

Top 50 Agencies 2014: BI Worldwide (24)

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
London calling: A look at what's new and forthcoming in the capital

London calling: A look at what's new and forthcoming in the capital

Hotels, venues and activities that should be on your radar for future London-based events.

Double acquisition for Gray Dawes Group

Double acquisition for Gray Dawes Group

Acquisitions include INC. Travel Group's corporate and marine businesses and the purchase of VIP Leisure Travel Ltd.

Love is in the air for one in seven event attendees, report claims

Love is in the air for one in seven event attendees, report claims

Research by Cvent and Edelman Intelligence finds 14% have met a significant other at a B2B event.

The advantages of being a second tier city

The advantages of being a second tier city

There are benefits to not being the capital, says Bas Schot, head of congresses and events at the Hague Convention Bureau.

What to do if a disgruntled event attendee threatens legal action

What to do if a disgruntled event attendee threatens legal action

Keystone Law's James O'Flinn discusses your options and how to prevent this happening in the first place.

Speakers announced for C&IT Northern Forum

Speakers announced for C&IT Northern Forum

New event takes place between 25-26 April at ACC Liverpool, with inspiring sessions from industry leaders.

Why personalisation is the key to measuring an event's success

Why personalisation is the key to measuring an event's success

Mike Leeson, general manager Europe at ETM, explains why ROE may be a better measurement than ROI.

Oman to welcome IGRC in 2020

Oman to welcome IGRC in 2020

Sultanate to host the International Gas Union's 16th International Gas Research Conference at the Oman Convention & Exhibition Centre.

Events company faces legal action from makers of video game Fortnite

Events company faces legal action from makers of video game Fortnite

Epic Games issues claim against Exciting Events after widely criticised event in Norwich.

Diary of a delegate: Beautiful Bergen

Diary of a delegate: Beautiful Bergen

A three-day account of the C&IT A-List FAM trip, in partnership with Visit Norway.

LATEST JOBS