2007
PA Consulting Group announces financial results for 2006
-
18 June 2007
PA Consulting Group, the leading management, systems and technology consulting firm, today announced strong financial results for the 2006 financial year, with group revenues increased to £374.4m (from £323.9m in 2005) and the group share price increased to £6.38 (from £5.00 in 2005). This group figure comprises revenues from PA’s consulting business and its venture companies. PA is an employee-owned company and the ordinary share capital of PA is held by current and former employees.
Underlying consulting revenues increased to £373.6m (from £323.9m in 2005, up 15%); and consulting operating profits were £40.0m (£37.1m in 2005, up 7.8%)
Bruce Tindale, PA's Chief Executive, commented:
"I am very proud of PA’s performance in 2006. The fact that it was PA’s most successful year on record is testament to the dedication and commitment of our 3,000 staff. Together we have delivered performance levels that take our firm to new heights, with 2006 a record year for our consulting business.”
Jon Moynihan, PA's Executive Chairman, commented:
"In 2006 PA progressed further in our mission of continuously improving our people, our work for our clients and our results, on our way to becoming the best consulting firm in the world. Our year end share price of £6.38 represents an increase of 28% over the previous year. Taking account of dividends paid, total shareholder return since 1992, when the price was 10p, is some 7,860% - an almost 80-fold increase and a significant outperformance of the world’s major share indices over the same period. This is very good news for our shareholders – PA’s employees.”
Alan Middleton, PA's Chief Executive elect, commented:
"2006 saw our best ever financial results and our best ever result at the MCA Management Awards – ultimately both a reflection of the quality of work that PA delivers. All of this success is due to PA’s great people, who I salute and thank for their great efforts, energy, commitment and talent. I look forward to working with my colleagues and our clients to deliver success in the future.”
Highlights of financial year 2006
Best ever result at the MCA Management awards
An independent panel of senior business figures and experts awarded PA six of the 19 top prizes, including the ultimate Platinum prize of Overall Winner for the best consulting assignment of the year and five Gold Category Winner Awards – making 2006 our most successful year ever. No other consulting firm was given more than two top awards.
!n the eight years that PA has entered the awards we have received an unprecedented 32% of all the top awards (Overall Platinum and Gold Category Winners). This includes winning the Overall Award on four occasions, and securing 16 Gold Award Category Winners. No other consulting firm in the UK comes even close to matching this record.
Ventures
PA’s venture programme is innovation in action and sets the standard in venture success for the consulting industry. The sale of PA’s wireless communications venture company, UbiNetics, won the ‘Venture capital Deal of the Year’ award at the 2006 Private Equity Awards. The sale of UbiNetics in two transactions realised $132.5 million. Aegate, PA’s venture to combat pharmaceutical fraud , has launched in Belgium and will be rolled out across Europe in 2007. ProcServe was created as a venture in 2006 and enables organisations to transform their procurement functions. Its flagship project is the world-leading Zanzibar project for the UK public sector.
ENDS
Further information
Please contact:
Dr Adam Adams, PA Consulting Group,
Tel: +44 (0)207 312 4602 adam.adams@paconsulting.com
or
|
| Heather Smith |
| PA Consulting Group |
| 123 Buckingham Palace Road |
| London |
| SW1W 9SR |
| United Kingdom |
|
|
Tel: +44 20 7312 4975 |
|
Fax: +44 20 7312 4639 |
|
E-mail:
heather.smith@paconsulting.com |
|
|
|
Notes to editors
About PA Consulting Group
At PA Consulting Group, we transform the performance of organisations.
We put together teams from many disciplines and backgrounds to tackle the most complex problems facing our clients, working with leaders and their staff to turn around organisations in the private and public sectors. Clients call on us when they want:
an innovative solution: counter-intuitive thinking and groundbreaking solutions
a highly responsive approach: we listen, and then we act decisively and quickly
delivery of hard results: we get the job done, often trouble-shooting where previous initiatives have failed.
We are an independent, employee-owned, global firm of 3,000 talented individuals, operating from offices across the world, in Europe, North America, Latin America, Asia, and Oceania. We have won numerous awards for delivering complex and highly innovative assignments, run one of the most successful venture programmes in our industry, have technology development capability that few firms can match, deep expertise across key industries and government, and a unique breadth of skills from strategy to IT to HR to applied technology.
• defence • energy • financial services • government and public services • international development • life sciences and healthcare • manufacturing • postal services • retail • telecommunications • transportation
strategic management • innovation and technology • IT • operational improvement • human resources • complex programme delivery
Delivering business transformation
|
