News: Motivcom Annual Report Now Available

MotivcomMotivcom, 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.

Delivering valueThe 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 Motivation division increased gross profit by 8% to £5.9 million and divisional headline operating profits increased by 28% to £1.5 million. Building on the sales and marketing investment reported last year this reflects the upside of growing scale in the operation.

These initiatives continue into 2013 for which the division maintains a positive outlook. Motivation programme activity developed well in 2012; our clients continue to recognise the positive impact of employee engagement on productivity, customer satisfaction and employee attrition. Whilst decision making remained slow, Motivcom’s expertise and strong reputation in the area of employee recognition and incentives has helped to maintain a good flow of business wins which will contribute to 2013.

Spree, our prepaid MasterCard® product, has continued to expand. In 2012, load values were up 10% to £170 million (2011: £155 million) despite significant pressure on retailers during the year. This growth continues to be driven both by the expansion of existing card programmes and the introduction of new ones. Our growing experience in managing and marketing to our existing cardholder base will continue to deliver bottom line growth into 2013 and beyond.

Colin Lloyd“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.

 

pdf To download the full report, please click here.

 

 

Speak Your Mind

*

nineteen + 14 =