2ergo Report 45% Profit Increase

Lancashire based comms company 2ergo has reported a 45% increase in profits to £8.6m on the back of a 11% increase in revenue to £33.3m.

Neale Graham, Joint Chief Executive of 2ergo, commented: “We are pleased to announce another strong year of growth for the Group, and once again, to report profits ahead of market expectations.

“What is particularly pleasing is that these results have been achieved despite the additional pressures on the Board required to successfully complete several large projects, including the acquisition and turnaround of US-based Proteus, the demerger of Broca and the launch of 2ergo’s Interactive Media Solutions division.

“Over the period we have witnessed the mobile sector move into an exciting new phase. We are seeing increasing demand for mobile marketing and advertising solutions requiring convergent mobile and internet technologies. This is helping the Group to expand into new areas, to introduce new products and services, which ultimately deliver additional benefits to brands and new experiences for the end user.

“Our plans to scale the business are taking shape and we are extremely pleased with the level of success we are achieving in North America. We now look forward to repeating this success through ongoing investment into the South American region.

“As you will see from our results, 2ergo has made significant progress over the year, our sales pipeline is building steadily, in all regions, and the Board remains confident of future success.

“Our goals are ultimately designed to deliver shareholder value and it is with this in mind that we look forward to another strong year.”