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NEWS17 January 2014

BrainJuicer bounces back with 17% growth in 2013

Financials News UK

UK — 2013 looks to have been a strong year for BrainJuicer, with revenues up 17% to £24m – putting behind it the challenges of 2012.

“Our core UK and US businesses both performed well, and all of our operations, with the exception of Germany, delivered increased revenue,” the company said, in a trading update today.

Results were bolstered by “an excellent fourth quarter”, BrainJuicer said. This is an “historically strong, but unpredictable quarter” for the company – as was demonstrated in 2012, when it saw a 25% year-on-year decrease in revenue for the November and December periods, leading to the worst annual results in the company’s history.

But with revenue growth bouncing back in 2013, and with costs increasing by just 7%, BrainJuicer said: “Pre-tax profit for the year will be approximately £3.5m compared to £1.5m in 2012 and £2.8m in 2011, substantially beating the current market expectation.”

Final results will be published on 21 March. Pictured is CEO John Kearon.

@RESEARCH LIVE

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