news
new job
Vanessa Butani
appointed new Director of Sustainable Business at Scandic Hotels.
big business
American Express Global Business Travel
to acquire Hogg Robin Group.
Business Intelligence
Overnight stays: Innsbruck,
the Congress and Trade Fair City, achieves record results.
meetings develop cities
Reykjavik to host European Cities Talk
on morphing DMOs Business Models and engaging the city.
business intelligence
Arctic Circle Forum
boosts Faroese MICE sector.
at a new position
Heike Mahmoud
will be the new COO at Hamburg CCH.
Business Intelligence
Global Futurist Rohit Talwar
leads agenda for IBTM Arabia 2018.
Business Intelligence
Korea
Expands Incentive Travel Market.
new position
Vancouver Convention Centres Claire Smith
takes role of 2018 PCMA Board Chair.
On a new job
Didier Scaillet
Named as New SITE CEO.
RSS
rss_icon
Links
MCI Announces Strong Financial Results for the Business Year

MCI has announced strong financial results for business year ending December 31st 2011. MCI’s gross margin continued to grow in 2011 and reached €92 million, a 14% increase on 2010, while the volume of business reached €307 million. Gross margin growth is due to 11% organic growth and 3% growth following acquisitions. Business operated by MCI offices outside Europe continues to grow; now representing 35% of the total group gross margin compared to 15% in 2010. The leading areas of expertise remain Congress Management and Meetings & Events representing 34% and 35% of total business respectively. Technical Production and Creative Communication services have grown to contribute 16% of the total gross margin. MCI services approximately 50% corporate clients and 50% association clients. The outlook for 2012 is promising when a gross margin of €110 million is expected.