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Ashfield Meetings & Events Announces 2016 Financial Results

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Ashfield Meetings & Events, a full service global event management company that specialises in serving the healthcare sector and part of UDG Healthcare PLC, has announced its results for the financial year ending September 2016.

EBIT (Earnings Before Interest & Tax) for the period was £5.482m compared to £4.91m in the previous 12-month period, showing an increase of 11.6%.

This is the second year running the agency have demonstrated double digit EBIT growth. The numbers have been consolidated from accounts covering the company’s operations across Europe, the US and Asia. 

Commenting on the performance, Nicola Burns (Global Managing Director) said: “We have had a number of new business wins, both in Europe and the US, that has helped achieve a strong set of results. This has included numerous consultancy projects, dedicated client teams and strategic meetings management programmes. In addition the continued commercial development of SPARK THINKING has helped enhance our creative service offering and diversify our client base.”

Burns concluded: “The healthcare meetings market continues to evolve and we are looking to expand our leading position by investing in technology, prioritising our growth in the US and further connecting our healthcare expertise across the Ashfield division to add new types of value for our clients. Our focus internally will be on driving productivity and leading through our people. It has been especially rewarding to see so many of our talented people take the next step in their career with us over the last 12 months. These internal promotions, combined with a series of new business wins in 2017, has resulted in a number of openings across our UK and US offices.”

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