Financial results to 31 December 2013
Sally Withey, Huntsworth's Chief Operating Officer said: "The 2013 Group results are in line with consensus with profit before tax of £20.1m, following our announcement in April 2013 of £4.4m of new strategic investments, and revenues of £171.7m. Our investment programme is producing revenue growth in our three key strategic areas: digital, growth markets and multi-office accounts.
Digital revenues grew by 10% in the year and now represent 26% of our Group revenues. We expect further growth in 2014. In growth markets we achieved, for example, 34% revenue growth in 2013 in the Middle East and Africa. Huntsworth's multi-office accounts, now 50% of Group revenues, saw a 4% growth in average fee. The capital injection from BlueFocus has made the new strategic investments possible and the results allow us to extend the programme into 2014."
