MCI on track for double-digit growth

WORLD – International meetings and events group MCI says its half year financial results for 2015 indicate the global PCO is on track to achieve double digit growth this year. The first half 2015 gross margin results were CHF77m (US$79.3m), an increase of CHF8m, or 12% up compared to end of June 2014 based on the same foreign exchange rate. Over the past 12 months, the Geneva-based group says it has focused on ramping up its digital and technical services that now represent 22% of total revenue. With the integration in the first semester of the group’s USA acquisitions, the Americas region will grow three times year-on-year to represent 15% of total group revenues. “The meetings and events industry is evolving rapidly so we have invested strategically in our product portfolio and global reach to offer a strong client value proposition,” said MCI Group CEO Sebastien Tondeur.