Morson Group revenues increase by almost 100m in 2013

Financial highlights for the Group are as follows:

&sect  Group revenues up by 17.7% to 653.5 million (2012: &pound555.1 million)

&sect  Group net fee income (gross profit) up 18.0% to &pound49.3 million (2012: &pound41.8 million)

&sect  Adjusted profit before tax up 37.7% to &pound13.4 million (2012: &pound9.7 million)

&sect  Profit before tax up 45.3% to &pound13.2 million (2012: &pound9.1 million)

Morson’s Group Finance Director, Paul Gilmour, said: “The figures reported demonstrate how Morson has built significantly on the gains achieved towards the latter part of 2012, and are a pleasing set of results for the Group in a challenging market.”

Morson’s CEO, Ged Mason, stated: “I am delighted with the 2013 results, this reflects the hard work delivered by all my colleagues at Morson and the initiatives put in place for growth.  We look forward to continuing this trend.”

The Queen Elizabeth Class aircraft carrier programme is a key project featured in Morson’s report. The company has an onsite office at the Rosyth dockyard, having supplied engineers for many stages of the design and construction. On Friday 5th July the Queen visited the site for the official naming ceremony of HMS Queen Elizabeth.

Morson Group’s 2013 Business Highlights:

UK’s No.1 Technical and Rail Recruiter*

Vital acquisition enhances Morson Group

More than 76,000 new candidates registered

Morson Projects delivered 418 engineering projects

More than 400 contractors engaged overseas

New Middle East operations established