SEC Newgate Group announces full-year results for year ended 31 December 2022

SEC Newgate Group has today announced its full-year results for the year ended 31 December 2022. Group CEO Fiorenzo Tagliabue has hailed 2022 as “another exceptional year”, with profits more than doubling to €15.5m and revenues increasing 70% to €150m driven by organic and acquisition growth.

The results highlight another outstanding year for the global strategic communications and advocacy group, with Profit Before Tax, net of extraordinary costs, more than doubling to €15.5m (2021: €5.7m) and revenues up 70% to €150.0m (2021: €88.6m), demonstrating significant resilience in a turbulent and increasingly uncertain macro-economic climate.

The announcement highlights the Group’s excellent progress since delisting from the London Stock Exchange in March 2022, with €49.0m of funding from Three Hills Capital Partners as a minority shareholder.

Organic growth was strong across the Group at 13%.  During the year, the Group’s acquisition programme centred on completing its presence across the Americas, welcoming Global Strategy Group in April 2022 and Mexico headquartered consultancy Another Company in November 2022. The foundations are now laid for further growth in these markets, as well as enabling the Group to attract more multi-jurisdictional mandates.

Fiorenzo Tagliabue, Group CEO of SEC Newgate S.p.A., said:

“2022 has been another exceptional year which has continued the momentum and significant growth achieved in each of the last three years since the creation of SEC Newgate.

“Our focus over the last 12 months has been ensuring that we can offer our clients the best possible advice, consistently across jurisdictions.  Our expanded footprint across the Americas has been a key element in this strategy and our global footprint and comprehensive, integrated offering enables us to solve and manage complex reputational and policy issues for our clients as they navigate an increasingly volatile macro-economic environment. 

“These results are testament to the exceptional work and commitment of the senior leadership team and every colleague across the Group, coupled with the entrepreneurial spirit and vibrant culture that are hallmarks of our Group.  Thank you all.”