Broker reports 29% increase to £100.5m
Cooper Gay's group revenue has grown to £100.5m (2008: £77.9m), an increase of 29% in the year ending 31 December 2009.
EBITDA rose 8% to £19.9m (2008: £18.4m).
During the year it purchased 100% of Cooper Gay do Brasil Ltda and a 51% stake in Argentinan reinsurance broker Reinsurance.com.ar LLC, as well as its continued investment in its 660 global workforce and infrastructure.
Group chief executive Toby Esser said: “In 2009, Cooper Gay continued the growth trend which has characterised our performance over the past few years, whilst making significant investments in people and infrastructure.
"The Group saw a substantial increase in top line revenue and reached the important £100m milestone, and despite heavy investment having an impact on margins, EBITDA also expanded to approximately £20m. We expect to be able to take full advantage of these investments to continue with our strategic growth plans in 2010 and beyond.”
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