Reports and results
Financial performance
Revenue
In 2022, we were pleased to report another positive year for the business – both financially and operationally. Revenues increased by 22% to £75.0 million, with an operating profit of £17.4 million. Operating margin remains healthy at 23.3%.
This includes the year-on-year impact of foreign exchange movements, which further solidify our growth. This momentum strengthens our market leadership in the audio branding market.
Financial performance
Growth
Our 2022 figures are driven by over 5,000 new client wins.
Our client portfolio, which now numbers over 34,000 clients, continued to perform well, with 91% of clients’ revenue remaining with the group in 2022, an increase from 90% in the prior year. Customer satisfaction is a priority for the business, and the company is proud and pleased that clients typically choose to stay with PHMG for over ten years.
Reports
Gender pay gap
Since 2017, companies with more than 250 employees in the UK have been required by law to report their gender pay gap statistics annually. The gender pay gap is the difference in average earnings between all men and women in the organization.
Our latest report outlines our current gender pay gap, and the steps we’re taking to reduce it.
