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Operating profit up 200% YoY for Spencer Ogden

Spencer Ogden has released its results for the year ended 31st December 2018.

The company reported operating profit for the year was up by 200%, in comparison to 2017 at £3.6m. Turnover saw an increase to £108 million in 2018, with just over £31.6 million in net fee income.

This growth is due to a renewed focus on its four key markets in energy and infrastructure, with all four markets showing NFI growth in 2018, led by a strong position in renewables, which globally grew by over 25% in the year. Spencer Ogden is now on track to deliver its plan for continued organic growth within niche sectors in key locations for 2019 and beyond.

2019 has already seen the launch of a new Hong Kong office enabling further headcount growth. Spencer Ogden has also recently launched a presence in Melbourne after the success of its Perth entity that is also poised for further growth this year. Stateside, Spencer Ogden will launch a new 60-person office in New York in April and has refitted its Denver office to enable more headcount growth.

Spencer Ogden’s chief executive officer, Bradley Lewington, said, “It is great to see that our focus on the right Energy and Infrastructure markets is helping us build a reputation for excellence with clients and candidates alike. Being recognised as true experts in our field, able to navigate compliance complexities and proactively find niche candidates sets us apart from our competition. 2019 has already seen year-on-year growth of 15% and an increase in sales headcount by 20%.

“2019 and beyond represents Spencer Ogden’s biggest opportunity since inception. We now have a scalable platform for consistent growth with superior infrastructure to support that growth. We plan to grow to 500+ heads in the next two years mostly through organic growth and our award-winning learning and development offering.”

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