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BRG sees EBITDA increase 50% at year-end 2019

Berry Recruitment Group has released its results for the year-ended 2019.

Turnover was up by £5m to £74.4m, an increase of 7%. Its profits before taxes, depreciation and amortisation (EBITDA) was up 50% to £2.5m (2018: £1.67m).

Tony Berry, chairman of BRG, said, “What is impressive is that the growth has all been organic. Emphasis on recruiting first rate consultants and investing in their training has helped deliver these results. We plan significant growth in 2020 by more organic growth but also by targeted acquisitions.

“We will continue to invest in staff and technology, concentrate on specialist sectors and control operating costs. Candidate shortages remain an issue and we have worked heavily to encourage our EU workers to sign up to the settlement scheme.

“There remains economic uncertainty surrounding the UK’s relationship with the EU and the COVID-19 virus, but we are bullish about the future. With innovations, quality staff and a talented board making the correct strategic decisions we anticipate further strong growth through 2020 and beyond.”

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