Posted on: November 2017 Lara Edgcombe
Phaidon International, the global niche recruitment group, is pleased to announce its financial results for FY2016/17.
Phaidon International placed nearly 2000 senior, rare experienced individuals, to over 60 countries around the world through its 5 dedicated brands.
The group has posted strong financial results for FY2016/17. Group revenues for FY2016/17 have grown to £70m, a 41% increase on the previous year and NFI increased by 41%, to circa £46m. The group has also posted that underlying EBITDA increased 60%, to over £10.4m*.
Harry Youtan, CEO commented, “We have had an exceptional year and our business goes from strength to strength. Phaidon International now has over 500 staff and 9 offices around the world, and as a group, we have become even more focused around our vision and our goals. The group continues to scale both in depth of brand and breadth regionally around the globe in what has become a relentless pursuit to offer our clients and candidates better quality and service. That pursuit is executed by an extraordinarily talented team of individuals around the world, and the team globally should be commended on what has been another strong year.”
James Slipper, CFO added, “Year on year, Phaidon International has shown that its group model of multiple brands delivering hard to find talent through a network of global offices enables continuous growth. This year is no different, with the Group delivering a very strong EBITDA.” He continued, “As well as growing the top and bottom line, we have also invested in a 9th office in Dallas, as well as further space in all regions around the globe to enable continued growth, and we expect further office openings across the coming year to better support our clients and candidates.”
The Board would like to thank all of the Phaidon International team globally for their hard work across the year, and look forward to further success across the Group in 2018.
Phaidon International is the parent company of five leading specialist recruitment agencies. For more than 15 years, we have given clients and candidates the peace of mind that the recruitment process is in expert hands. Out continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, we provide contingency, retained search and project-based contract recruitment across 11 offices in 6 countries. Click here to find out more about the company and the opportunities we offer.