The Irish operation of public relations firm FleishmanHillard, whose clients include APB Group, Boots, Centra, Grant Thornton, Skoda and William Fry reported a drop in profits last year as turnover rose.
The company, which celebrated 25 years in business in 2015, recorded a €530,398 pre-tax profit versus €745,965 in 2014.
Revenues increased by nearly 5 per cent to €6.8 million as against €6.5 million a year earlier as operating profit fell to €386,106 from €594,377.
A breakdown of turnover shows €5.6 million of revenues were derived from activities in Ireland, up from €5.2 million a year earlier. A further €1.1 million came from international work, down from €1.3 million in 2014.
The number of employees in Ireland totalled 35 last year, with staff-related costs of €2.8 million.
"We had an exceptional year in 2014, which was mainly due to international work and also a number of one-off crisis projects here in Ireland, so we were coming off a very high base. Looking at 2015, our turnover was up but our profit was down, primarily because of fewer international projects," managing director Rhona Blake told The Irish Times.
New business
“We’ve had a very solid 2016 and a really strong second half of the year, particularly in terms of new business wins with significant contracts from companies including
Fitbit
,
Allianz
Worldwide Care and
Bristol-Myers Squibb
.
"International business is also up again due to clients such as Expedia and Philips, for whom we are doing a lot of work across Europe, the Middle East and Africa."
Founded in 1990 by John Saunders, Ms Blake and Julian Davis, FleishmanHillard is part of the marketing and corporate communications giant Omnicom. Mr Saunders was appointed president and chief executive of FleishmanHillard's global operations in November 2015. The group has over 2,500 employees worldwide across 80 offices in 30 countries. It is estimated to be the world's third largest PR agency by fee income behind Weber Shandwick and Edelman.
“2017 is looking very good, and we’re currently looking to recruit four people to take employee numbers to over 40,” said Ms Blake.
