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NEWS9 February 2017

BrainJuicer reports double digit growth for 2016

Behavioural economics Financials News UK

UK – International marketing and market research agency BrainJuicer has reported a 24% increase in revenue, to £31.2million and a 27% gross profit growth to £25.6m for the year ended 31 December 2016.

Both revenue and gross profit increased 15% in constant currency.

Pre-tax profits increased 38% to £6.2m – up from £4.5m in 2015 – while profits after tax rose 31% to almost £4m (£3.0m in 2015 ). The company returned £5.3m to shareholders in dividends and share buy-backs during the year.

John Kearon (pictured), founder and chief executive officer of BrainJuicer, said: "Our double-digit growth is testament to the strength of our pioneering System 1 research methods and the hard work of a fantastic team. We were delighted with the successful launch of our advertising agency, System1 and are looking forward to further growth in our core-four research products in the year to come."