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Norman Broadbent announce 'broadly flat' revenue in results

FINANCIAL HIGHLIGHTS
Group revenue in the year was broadly flat at &pound7,551,000 (2012: &pound7,634,000)
? UK executive search operating profit increased to &pound141,000 compared with &pound114,000 in the

previous year.
? Group operating loss increased to &pound1,070,000 compared with a loss of &pound38,000 in the previous

year reflecting, inter alia, the continued investment in the new subsidiary businesses (start-up

losses of &pound640,000) and losses of &pound81,000 from the post year end discontinued Paris office.

? The Group continued to support its comprehensive diversification programme in 2013 with

substantial additional investment in the two new businesses and it is anticipated that the

investment process will be completed during 2014.

? James Webber, our new CFO, joined the management team in early March 2014. In addition to

being CFO, James has now been appointed by the Board to be Group Chief Operating Officer

with immediate effect. James brings extensive experience in business services to Norman

Broadbent, having worked in the office of the COO of EY, and has a background in corporate

finance at a senior level.
? In May 2014, the Company sold Norman Broadbent SPRL, our 51 per cent. owned Belgium

subsidiary which has been rebranded to Executive Talent Development, and has mutually

agreed to end its licence agreement and sell our 20 per cent. holding in Norman Broadbent

Spain, resulting in a refocused core executive search and leadership consulting business in the

UK and USA.
? To further strengthen our Norman Broadbent brand, we are delighted to announce that Arcus

Interim Partners will be renamed NB Interim with Justin Whitehouse who joined us earlier this

year as the Managing Director

Norman Broadbent plc

("Norman Broadbent" or “the Group” or "the Company")

Final Audited Results

Norman Broadbent, a leading provider of executive search, leadership consultancy services and

complementary recruitment services, announces its audited financial results for the year ended 31

December 2013.

FINANCIAL HIGHLIGHTS

? The Group continued to support its comprehensive diversification programme in 2013 with

substantial additional investment in the two new businesses and it is anticipated that the

investment process will be completed during 2014.
? James Webber, our new CFO, joined the management team in early March 2014. In addition to

being CFO, James has now been appointed by the Board to be Group Chief Operating Officer

with immediate effect. James brings extensive experience in business services to Norman

Broadbent, having worked in the office of the COO of EY, and has a background in corporate

finance at a senior level.
? In May 2014, the Company sold Norman Broadbent SPRL, our 51 per cent. owned Belgium

subsidiary which has been rebranded to Executive Talent Development, and has mutually

agreed to end its licence agreement and sell our 20 per cent. holding in Norman Broadbent

Spain, resulting in a refocused core executive search and leadership consulting business in the

UK and USA.
? To further strengthen our Norman Broadbent brand, we are delighted to announce that Arcus

Interim Partners will be renamed NB Interim with Justin Whitehouse who joined us earlier this

year as the Managing Director 

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