MCI annual report shows 5% gross margin increase

The MCI annual report 2016 has shown that gross margin increased to £136m which represents a 5% increase from £129m in 2015.

Jurriaen Sleijster
Jurriaen Sleijster

Earning before taxation and depreciation (EBITDA) also recorded a significant increase to £16.5m, an increase of 18% on 2015.

MCI continues to expand its worldwide presence with a strong focus in the Americas region, centered around the United States, with the acquisitions of In House in Miami, Florida and P2COM in São Paulo, Brazil.

The Americas has shown significant growth in the last five years, representing a 23% overall contribution of gross margin.

The two leading practices, Meetings & Events and Full Congress Management (PCO) represent respectively 36% and 28% of total business. Digital accounts for 18%, Association Management for 13% and Destination Management (DMC) for 5%.

Commenting on the annual report, Jurriaen Sleijster, president & COO, said: "Looking at 2017 and beyond, MCI will focus on strategic acquisitions that aim to fortify its core service offering while enhancing client value through a wide selection of new digital products and services. Moreover, organic growth is also expected to contribute to the company’s overall positive performance.

The Americas region will continue to be a pillar of acquisition and organic growth for the company and Europe will maintain its role as a solid financial foundation for balancing regional risk."

Olivier Giauque, chief financial officer, added: "In our quest to become the preferred strategic supplier to all our clients, we are continuously adapting our services and expanding our reach to every corner of the world. Over the years, we have built a solid reputation with association and corporate clients who trust us with their most valuable asset: their people. In 2016, we delivered memorable experiences for 85 Fortune 500 companies and produced 5,781 projects across 80 countries, engaging with 1.5 million delegates. In the past two years, we have responded to an ever growing number of technology-driven solution requests which resulted in 1016 new websites, 230 event apps and 48 hybrid projects.

"We are further developing our digital and technology capabilities to ensure we keep providing a unique and impactful delegate experience and enhance the value our clients offer to their audiences. We continue to receive recognition by our industry for our work as in 2016 we received 22 awards. Also, 106 MCI talents hold key leadership positions within industry associations, further strengthening our overall brand reputation and position as true industry leaders."

See more:

MCI partners with ICCA to launch sustainability index

MCI launches MCI USA

Events industry needs sustainability focus, says MCI's Guy Bigwood

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