May 12, 2022 • PPHC Talent
PPHC Announces Full Year Results for 2021
Full year expectations exceeded; encouraging momentum into 2022
Financial highlights include:
- $99.3 million revenue (2020 $77.5 million), an increase of 28.2% (24.4% organic growth)
- $32.0 million normalised EBITDA (2020: $21.5 million), an increase of 48.7%
- Normalised EBITDA margin of 32.2% (2020: 27.8%)
- Normalised adjusted profit before tax of $31.8 million (2020: $21.4 million)
- Net cash at year-end of $17.8 million following the gross $15 million ($13.8 million net of fees and FX) equity
- Fundraise at IPO (2020: $5.9 million)
- Dividend of $0.0065 per Common Share (for the period from 16 December 2021, the date of IPO, to 31 December 2021)
Operation highlights include:
- Admitted to trading on AIM in December 2021, raising $15 million gross ($13.8 million net of fees and FX) to fund accelerated growth strategy and talent acquisition
- Total number of clients increased to more than 730 (retained clients with revenues equal to or in excess of $100k per annum increasing to 347 (2020: 295))
- No single client representing more than 2.5% of overall revenues in the year
- Total number of employees increased to 187 (2020: 179)
Events post year-end include:
- Recruitment of Neal Strum as Chief Legal Officer on 1 January 2022
- Seven Letter officially launched its Environmental, Social and Governance (“ESG”) communications advisory practice in March 2022
- Forbes Tate Partners added senior executive, Rob Mathias, to its Public Affairs practice in May 2022
“The Group has a well-defined growth strategy and a strong foundation of blue-chip clients on which to build and we look forward to the future with confidence.“
Stewart Hall, CEO
Stewart Hall, CEO, PPHC commented: “2021 was a milestone year for PPHC culminating in our successful admission to AIM in December 2021. The Group’s strong financial performance throughout 2021 reflects the hard work and dedication of our teams, combined with PPHC’s resilient and scalable model. Despite the challenges of COVID-19, the Company exceeded management’s expectations, has continued to attract high quality new talent and advance an exciting pipeline of acquisition opportunities. PPHC started its first year as a listed business in a strong position, with the momentum achieved in 2021 continuing into this financial year. We expect organic initiatives and M&A to broaden and deepen the Group’s leading capability, drive further market share gains and revenue growth into the coming financial year. The Group has a well-defined growth strategy and a strong foundation of blue-chip clients on which to build and we look forward to the future with confidence.”
