Norman Broadbent plc

NBB

GB00B3VF4Y66

Employment Services

Market Closed - London S.E. Other stock markets 11:35:15 2024-05-24 am EDT			5-day change	1st Jan Change
9.125 ^GBX	0.00%		0.00%	+25.86%

Apr. 25	Norman Broadbent emphasises strong second quarter as first disappoints	AN
Mar. 27	Norman Broadbent plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Norman Broadbent sees strong first quarter as revenue and profit grow

May 22, 2023 at 06:26 am EDT

(Alliance News) - Norman Broadbent PLC on Monday said revenue surged in the first quarter as new fee earners drove profit growth.

Norman Broadbent shares rose 23% to 6.45 pence each in London on Monday morning.

The London-based recruitment firm said revenue for the first quarter of 2023 was GBP2.9 million, up 67% from GBP1.8 million a year ago.

Net fee income increased by 66% to GBP2.4 million, compared to GBP1.5 million in the first quarter last year, with the increase due to growth in both executive search and interim management.

Looking ahead, the firm said it is experiencing "excellent forward momentum," noting that its pipeline of contracted revenue at March 31 was GBP2.6 million.

The company added that all fee earners hired in 2022 are generating revenue, with an additional four fee earners hired in the first quarter, covering Digital & Technology, Investor Practice, Industrial and Change & Transformation. Norman Broadbent said the new fee earners are also driving growth in profit.

Chief Executive Kevin Davidson said: "I am delighted to announce positive trading in Q1 which is continuing this quarter and the profitable growth of NBB. The investments made in our people, processes and supporting technologies over the past 18 months have, as planned, provided the foundations necessary to accelerate growth over the coming years in a sustainable fashion."

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Norman Broadbent plc

Norman Broadbent emphasises strong second quarter as first disappoints	Apr. 25	AN
Norman Broadbent plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 27	CI
EARNINGS: Aurora hails AI potential; Technology Minerals optimistic	Mar. 27	AN
AIM WINNERS & LOSERS: Norman Broadbent profit swing on rising revenue	Mar. 27	AN
Earnings Flash (NBB.L) NORMAN BROADBENT Posts FY23 EPS GBX0.39	Mar. 27	MT
Norman Broadbent expects swing to profit in 2023 as net fee income up	Jan. 16	AN
Norman Broadbent to Redeem Outstanding Convertible Loan Notes	Nov. 02	MT
FTSE 100 Ends Higher Fueled by Energy Stocks	23-10-12	DJ
Norman Broadbent shares jump as quarterly revenue climbs 60%	23-10-12	AN
AIM WINNERS & LOSERS: Windward sees high contracting activity levels	23-10-12	AN
Norman Broadbent plc Announces Trading Update for Third Quarter of 2023	23-10-12	CI
Norman Broadbent plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-07-24	CI
FTSE 100 Closes Up 0.2% Lifted by Oil Stocks	23-07-24	DJ
Norman Broadbent reports half-year revenue boost	23-07-24	AN
Earnings Flash (NBB.L) NORMAN BROADBENT Posts H1 Revenue GBP6.1M	23-07-24	MT
Earnings Flash (NBB.L) NORMAN BROADBENT Posts H1 EPS GBX0.01	23-07-24	MT
FTSE 100 Closes Up 0.1% Lifted by Oil, Miner Stocks	23-07-11	DJ
UK Pension Reforms Need to Be in the Best Interest of Members	23-07-11	DJ
Norman Broadbent net fee income up; contracted work pipeline strong	23-07-11	AN
London Stocks Seen Opening Slightly Higher	23-07-11	DJ
Norman Broadbent plc Announces Directorate Changes	23-06-01	CI
Norman Broadbent plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-31	CI
FTSE 100 Hits Two-Month Low as Chinese Economy Raises Concerns	23-05-31	DJ
Risk of Correction in BOE Rate-Rise Bets Could Hit Sterling	23-05-31	DJ
Norman Broadbent returns to pre-pandemic levels with revenue boost	23-05-31	AN

Chart Norman Broadbent plc

Duration

Period

More charts

Company Profile

Norman Broadbent plc is a professional services firm focused on executive search, senior interim management solutions and bespoke leadership advisory services working across the United Kingdom and internationally. The Company's services include board, search, interim management and consulting, leadership development, and research and insight. Its board service includes working with clients to search, assess, and appoint a diverse range of board directors. Its search service finds leaders for its customers. The Company's interim management and consulting service connects its customers with immediately available high-caliber interim executives, teams, and independent consultants. Its leadership development service helps its customers to benchmark, develop and retain their current and future leaders. Its research and insight service delivers bespoke, value-added research and business intelligence on markets, people, and competitors, helping its customers to make informed decisions.

Sector

Employment Services

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

More about the company