Reports and results
In 2021, we were pleased to report another positive year for the business – both financially and operationally. Revenues increased by 13% to $70.5 million (£61.7m), with an operating profit to $19.1 million (£16.7m). Operating margin remains healthy at 27%, an increase of 1% on pre-pandemic levels in 2019.
This includes the year-on-year impact of foreign exchange movements, which when excluded show a growth of 13%. This momentum further strengthens our market leadership in the audio branding market.
Our 2021 figures are driven by over 5,000 new clients wins.
Our client portfolio, which now numbers over 30,000 clients, continued to perform well, with 90% of clients’ revenue remaining with the group in 2021, an increase from 88% 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 eight years.
Gender pay gap 2022
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.