Ashfield announces 31% rise in pre-tax earnings

Ashfield Meetings & Events has announced that its earnings before tax and interest is up 31% for the financial year ending September 2015.

Global managing director, Nicola Burns
Global managing director, Nicola Burns

The total recorded was £4.91m, compared to £3.58m in the previous 12-month period. The numbers have been consolidated from accounts covering the company’s operations across Europe, the US and Asia. 

Commenting on the performance, global managing director Nicola Burns said: "We invested in a number of initiatives in the previous financial year to ensure our business remained competitive in the fast-changing environment. It was fantastic to achieve the return on this investment with such a strong set of results. Our exhibition offering added considerable revenue across our global operations and the commercial development of SPARK THINKING has helped us enhance and diversify our creative service offering. As a result, our US headquarters have just moved into new office space to ensure we have an inspiring and motivating environment for our talented staff to be the best."

Burns added that as the market continues to evolve, the agency was developing and investing in integrated apps, systems and software solutions to help meet the changing needs of pharmaceutical and life science clients.

"The recent collaborative development of the Science Of Meetings approach with our colleagues in the wider Ashfield division has been well received by our clients. In an increasingly regulated environment, it is allowing us to act as a strategic partner to clients and explore multichannel opportunities that offer new types of value for their healthcare professional communication and event strategies," she added. 

More:

Bayer extends contract with Ashfield

Spark Thinking expands team with new designer

Five agencies to watch in 2015: Ashfield Meetings and Events

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