Daily News

View All News

UK – Amoria Bond revenue and profits increase in 2018

08 May 2019

Amoria Bond Limited, a specialist technical recruitment firm based in the UK, today reported revenue of £68.1 million for the year ended 30 November 2018, an increase of 33% compared to the previous year.

Adjusted EBITDA, which excludes certain director costs and exceptional items, increased to £6.0 million, an increase of 122% on the previous year.

(£ millions) FY 2018 FY 2017 Change
Revenue 68.1 51.2 33%
Gross Profit 17.4 12.1 44%
Adjusted EBITDA 6.0 2.7 122%

Amoria Bond provides technology and engineering professionals across 32 countries on a contract, permanent and executive search basis. Established in 2006, the group operates from its six trading subsidiaries in mainland Europe, UK and Asia and as a result, 77% of gross profit is now generated outside of the UK.

Ian Cross Co-Managing Director, commented, “I am delighted to be reporting strong growth in revenues in line with our forecasts, which have had a transformational impact on the group’s profitability and cash flows.”

“Sourcing, training, progressing and retaining the very best talent in the recruitment industry has ensured the group’s exceptional operating performance in recent years, and continues to be our core focus,” Cross said.