By Kevin McCauley
MDC Partners posted a $56M.1 fourth-quarter loss (vs. $17M year ago profit) as CEO Miles Nadal continues to invest “significantly” to create an infrastructure built for long-term growth.
The parent of Allison & Partners, Kwittken & Co and Sloane & Co. invested $35M during the year for international expansion, build-out production facilities, digital technology and “transformative talent,” according to the CEO.
Nadal is confident those investments will drive organic growth and a “meaningful improvement in margins and profitability in 2012 and beyond.”
MDC’s revenues jumped 20.5 percent during Q4 to $254.3M and 36.9 percent for the year to $943M. Organic growth for the quarter/year was 6.7 percent and 17 percent, respectively. Net new business wins weighed in at $29M for the period and $104M for the year.
The company showed a $76.9 deficit for 2011 compared to $5.4M earlier year loss. MDC shares trade at $12.92. The 52-week range is $12.29, $20.99. |