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PIB Group reports a 50% improvement on its adjusted EBITDA between 2018 and 2019

By 2020-07-08T12:26:00

financial results (2)

The broker’s chief financial officer says ‘we have carved ourselves a unique position in the market’

Broker PIB Group has reported adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of £26.7m for the 2019 financial year, representing a 50% improvement on its 2018 figure.

Published today as part of its financial results for the year ending 31 December 2019, PIB Group also recorded an adjusted EBITDA of £32.2m on a run-rate basis, which includes the 12 months’ pro forma effect of acquisitions completed during 2019, but excludes expected synergies.

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