Profit and turnover up for Freeman EMEA

Most recent financial year included acquisition of Comotion Consulting and a new managing director for the event agency.

Image credit: Twitter @Freeman_EMEA
Image credit: Twitter @Freeman_EMEA

Freeman EMEA has reported a strong year in figures filed with Companies House. 

Gross profit has risen 15.1%, from £11.71m last year to £13.48m for the financial year ending 30 June 2019. And turnover has risen 18.1% to £60.94m, having previously been £50.94m.

In a director’s statement, Freeman EMEA said it had expanded its "core offerings through the acquisition of Comotion Consulting and the integration of Freeman XP’s brand experience portfolio.

"Opportunities presented by the Comotion acquisition have opened up new customers and allowed the group to leverage existing relationships, offering deeper and more valuable consulting and management change services. 

"The [Freeman] group’s model, which offers a highly differentiated service for the EMEA exhibition industry, has been a great success. 

"It also continues to provide new business opportunities for future expansion into new markets beyond the UK and Europe."

However, the agency also struck a note of caution, talking of a challenging market created by "continued pricing pressures on our core event delivery services and [...] uncertainty driven by Brexit."

Following the acquisition of Comotion earlier this year, Freeman EMEA brought in new leadership as Carley Faircloth became managing director of the event agency arm of the business.

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