MDC Partners reported a 4.9 percent rise in Q4 revenues to $307M on a widened net loss of $92M.
CEO Miles Nadal said the quarter “capped another year of exceptionally strong performance” for the parent of Kwittken & Co., Allison + Partners and Sloan & Co.
He said MDC strengthened its balance sheet, reduced borrowing costs and improved flexibility to use capital to benefit shareholders.
MDC posted a five percent uptick in organic growth and $25M in net new business during the past year.
Comparable full-year figures are 8.3 percent and $132.5M, respectively.
MDC bolstered its dividend 12.5 percent payable March 18 to shareholders of record as of March 4 because Nadal believes “our growth profile is as strong as it’s ever been.”
The ad/PR company projects a seven-to-nine percent boost in revenues for full year 2014.