Stein IAS owner reveals record profits

Stephen Chapman's picture
by Stephen Chapman

MSQ, the group which owns Stein IAS and twentysix, has published its figures for the first half of the year, showing a 35% increase in revenue.

Its group revenue is £42.6m, with an EBITDA of £5.8m (up 66% year-on-year).

MSQ now has 10 specialist agencies, following the acquisition of MBA in the period. It’s like-for-like revenue, excluding income from MBA was up 30%.

“Our agile, client-centric model has helped us to continue the momentum that’s been built across MSQ over the past few years. We have built an ambitious, joined-up, truly international group with diverse talent and skillsets and are increasingly seeing clients embrace this model,” said Peter Reid, Chief Executive of MSQ.

“These results are much more than a ‘Covid bounce’. We performed resiliently throughout 2020 and that gave us a platform to achieve significant growth in the first half of this year. It’s an extremely pleasing performance that will allow us to keep the momentum going throughout the second half of the year and beyond.”

The figures don’t include Brave Spark, which was bought after the accounting period.

The company employs more than 900 staff across 13 global offices, including a newly created North American team.

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