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SEC Newgate Global Team
Milan, 7 August 2024. SEC Newgate, the international strategic communications, advocacy and research group, today reports strong momentum and significantly improved results for the first half of 2024, as the Group continues to implement its strategic development plan after Investcorp’s investment in the company last year.
The revenue results, and all financial KPIs, show a significant improvement over the like for like prior year period (H1, 2023). Turnover increased by 13% to USD 103.6 m. All remaining KPIs, such as Gross Profit, EBITDA and PBT, recorded double digit growth, respectively +12%, +25% and +39%. Overall, these financial KPIs reflect a period of strong growth for the Group, underscoring the success of its strategies in increasing sales and enhancing financial performance.
This impressive growth is aligned with SEC Newgate’s recent strategic decisions, such as the Regional organizations and the appointment of a global Chief Growth Officer function. These moves signify the company’s commitment to becoming a global leader in integrated corporate communications and public affairs and setting new benchmarks for the industry, by focusing on influencing public policy, shaping public opinion, and protecting reputation
The half year 2024 results incorporate contributions from the latest additions to the Group, the Netherlands-based public affairs firm Wepublic and the Athens-based and Southeast Europe focused group V+O, which was acquired earlier this January and operates in six markets across the Balkans.
Commenting on the 2024 half year results, Fiorenzo Tagliabue, Group CEO, stated:
“Our performance in H1 2024 has been very solid and stronger than ever. Our results are a combination of a strong focus on organic growth across all our markets, including a strong performance in key markets such as US, UK, Greece, Italy, France and Middle East.
“We have also increased the volume of cross markets and regional sales that from January to June 2024 were 181% ahead of the same period in 2023.
“I have to give credit for this last incredible result to the Head of Regions that were appointed last November from our senior managers across the Group to pursue this expansive strategy.
“We remain focused on increasing growth and sales and later this year we are expected to see the fruits of the significant investments and initiatives made in Q1 and Q2 to further enhance global sales structures and shape our global offering.”