# Norman Broadbent demonstrates resilience and relevance in tough environment

- Link: https://www.directorstalkinterviews.com/norman-broadbent-demonstrates-resilience-and-relevance-in-tough-environment/412846476
- Published: 2020-07-28T07:35:28+01:00
- Author: Giles Arbor

**Norman Broadbent plc** ([LON:NBB](https://www.directorstalkinterviews.com/company/norman-broadbent-plc/nbb.l))‐
a leading London listed Professional Services firm offering a diversified portfolio
of integrated Leadership Acquisition & Advisory Services ‐ provided the following
short unaudited trading update relating to the six months ended 30 June 2020.

> At the AGM, **Mike Brennan, Group CEO of Norman Broadbent**, will make the following
> statement:
> “As outlined in our annual report released on 29 June 2020, the Group swiftly 
> adapted to the changing environment brought about by the COVID-19 pandemic.  Early
> and decisive action was taken to align our cost base to changed circumstances 
> and to put in place the necessary technical solutions and working protocols enabling
> us to continue serving clients despite lockdown.

Our unaudited results for the 6 months to 30 June 2020, which we anticipate releasing
in September, will show that despite the disruption arising from the COVID-19 pandemic,
our net fee income for the period declined by less than 10% compared with the same
period last year, and that the Group recorded small positive EBITDA.

The dedication of our staff and our strategy of building an innovative, diversified,
and agile business, has meant we have been better placed to respond to market challenges
than many competitors.

I and the Board would like to thank our clients for placing their trust in us, and
in particular to pay tribute to my colleagues, all of whom have made considerable
sacrifices this year. I am justifiably proud of them and their performance. Our 
2019 results and continued positive momentum in 2020 during this most difficult 
of times, is down to their hard work, dedication, and commitment.”

> Additionally, **Steve Smith, Group CFO/COO of Norman Broadbent**, will make the
> following statement:
> “With the Group posting positive EBITDA for H1 2020, and with revenues only slightly
> down, our diversification strategy has demonstrated Norman Broadbent’s resilience
> and relevance. As the Group continues to offer clients bespoke solutions incorporating
> Consulting, Interim, Research & Insight, and high‐quality fully retained Talent
> Acquisition services, looking ahead, we continue to see a diversified pipeline
> of business going into H2.”

Norman Broadbent is holding its AGM at 10.00 am today using Zoom video conferencing
technology.

Share on: