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.

For more features and breaking news, sign up to C&IT Magazine's daily News Tracker.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in

Mark Williams recommends

WRG wins major Ricoh contract

Read more
What the election result means for events

What the election result means for events

Following a landslide victory for the Conservative Party in the general election, what do key industry figures think about the result?

C&IT's APAC Awards now open for entries

C&IT's APAC Awards now open for entries

Brand new this year, C&IT will recognise the very best in events in the Asia Pacific region.

Which trends do corporate event planners expect to see next year?

Which trends do corporate event planners expect to see next year?

In part nine of our State of the Industry: Corporate Report, we asked corporate event planners what trends they expect to see in 2020.

Trinity Event Solutions appoints managing director

Trinity Event Solutions appoints managing director

Jenny Harding steps into a new role after ten years at the agency, where she has also been recognised for charitable work.

Top 3 incentive trends for 2020

Top 3 incentive trends for 2020

What are the biggest luxury travel requests that incentive planners should watch next year?

Plans revealed for major new Edinburgh arena

Plans revealed for major new Edinburgh arena

The 8,000 seater indoor arena in Scottish capital is expected to include conference space and hotels.

What corporate event planners want from suppliers

What corporate event planners want from suppliers

Part eight of the State of the Industry Corporate Report asks what the most influential factors are when choosing suppliers.

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Tourism Australia's Penny Lion talks about the bushfire crisis and the country's booming events industry.

Top Banana hires non-executive director

Top Banana hires non-executive director

New addition brings more than 30 years experience to the agency and will mentor and advise the leadership team.

Why there's been a surge of new hotels in Perth

Why there's been a surge of new hotels in Perth

Its pristine beachfront rivals California, with massive investment in tourism creating new hotels and jobs.

LATEST JOBS