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MCI Announces Strong Financial Results for the Business Year

MCI has announced strong financial results for business year ending December 31st 2011. MCI’s gross margin continued to grow in 2011 and reached €92 million, a 14% increase on 2010, while the volume of business reached €307 million. Gross margin growth is due to 11% organic growth and 3% growth following acquisitions. Business operated by MCI offices outside Europe continues to grow; now representing 35% of the total group gross margin compared to 15% in 2010. The leading areas of expertise remain Congress Management and Meetings & Events representing 34% and 35% of total business respectively. Technical Production and Creative Communication services have grown to contribute 16% of the total gross margin. MCI services approximately 50% corporate clients and 50% association clients. The outlook for 2012 is promising when a gross margin of €110 million is expected.