Heidrick & Struggles reports Q4 and 2014 financial results
Adjusted EBITDA in the fourth quarter improved to $9.5 million and Adjusted EBITDA margin(1) was 7.9%, compared to Adjusted EBITDA of $7.4 million and Adjusted EBITDA margin of 6.3% in the 2013 fourth quarter.
For the year, net revenue of $494.3 million increased 7.0% from $462.0 million in 2013. Exchange rate fluctuations had less than a one percent impact on 2014 net revenue.
Adjusted EBITDA improved to $48.9 million in 2014 and Adjusted EBITDA margin was 9.9%, compared to Adjusted EBITDA of $39.7 million and Adjusted EBITDA margin of 8.6% in 2013.
The number of Executive Search and Leadership Consulting consultants was 307 at December 31, 2014 compared to 293 at December 31, 2013.
Specific to Executive Search and Leadership Consulting, consultant productivity, as measured by net revenue per consultant, was $1.4 million in the fourth quarter and $1.5 million for the year.