BrainJuicer Continues Rapid Growth

London-based BrainJuicer has released an update for the financial year ending 31st December 2010, with a revenue increase of more than 35% to £16m. Final results will be announced on 24th March this year.

The company also stated that trading in the final quarter was good and that profits have grown well and are expected to 'somewhat exceed market expectations'.

BrainJuicer has continued to grow rapidly throughout the recession and recovery - even in 2009, when many competitors saw flat revenues and falls in profit, the company managed revenue growth of 27% and full year pre-tax profit up 21% to £1.66m.

As previously reported on DRNO, the company has added offices in Brazil and China to its existing international operations in the US, Canada, Germany, Switzerland and the Netherlands. 2010 growth was primarily driven by the UK and US operations, and the statement also mentions good progress in Switzerland and Germany in their first full year of trading.

BrainJuicer have bought back company shares during the year in order to set up an equity-based incentive scheme for employees and management, and period end cash was over £2.5m, up from £1.6m at the end of June, with no debt.

Founded in 1999, BrainJuicer Group PLC has been traded on London's AIM (Alternative Investment Market) since 2006 and is online at www.brainjuicer.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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