Reports and results
Financial performance
Revenue
In 2023, PHMG experienced another outstanding year both financially and operationally, continuing its growth trajectory. Revenues surged by 14% to reach £85.5 million, reflecting robust new client acquisitions and exceptional retention rates. Operating profit totaled £16.5 million, with a healthy operating margin of 19.3%.
The year’s performance also includes the ongoing impact of foreign exchange fluctuations, further reinforcing our upward momentum. This strong financial position strengthens our leadership in the global audio branding industry.
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.
