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Morson Group adjusted pre-tax profits up by 22% in 2014

Financial highlights for the Group are as follows: 

Group revenues up by 8% to &pound706.1 million (2013: &pound653.5 million)

Group net fee income (gross profit) up 21.6% to &pound60.0 million (2013: &pound49.3 million)

EBITDA & exceptionals up 22.1% to &pound18.1m (2013: &pound14.8m

Adjusted profit before tax up 22% to &pound16.3 million (2013: &pound13.4 million)

Profit before tax up 25.9% to &pound16.6 million (2013: &pound13.2 million)

Morson Group CEO, Ged Mason, stated, “Our businesses have performed well. We have supported and invested in the service delivery over recent years and the resilience and ability to gain from market improvement this offers us is significant.”

Morson Group non-executive chairman, Kevin Philbin, commented, “I am pleased to report that 2014 was a good year for Morson Group 2015 presents challenges, however we expect engineering talent to be in demand and that our core markets will attract major investments in infrastructure over the coming years, generating significant opportunities.” 

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