Motivcom, the parent company of p&mm, Zibrant and AYMTM has announced a pre-tax profit increase for 2012.
Profit before tax increased by 4% to to £4.1m from £3,952,000 in 2011. Gross profit was in line with prior year at £29,317,000 from £29,504,000 in 2011. Operating profit increased by 3% to £4,147,000 from £4,017,000.
The organisation has today made its full annual statement of accounts available for download. It shows that in the face of a challenging economic climate, Motivcom has continued to grow with Incentives and Loyalty services (incorporating p&mm motivation) leading the way.
The following is an extract from the Chairman’s statement specifically addressing the Motivation division of Motivcom…
“The Group’s diversified offering has provided resilience in the tough economic conditions in 2012. The Group has worked hard to continue developing new products in certain areas of the business, as well as securing new client wins during the period. The board is confident that the Group’s approach is maintaining its leading position in the market, and this confidence is demonstrated by the dividend increase of 12.5% for the full year.
The Group is cash generative and maintains a strong balance sheet with average net cash of circa £6m. While the Group continues to look for earnings enhancing acquisitions, we will not risk overpaying in an uncertain economic environment” commented Colin Lloyd, Motivcom Chairman.