MDC Revenue Up 14% In 2012; Organic Growth Up 8.4%
Agency holding company MDC Partners reported a 16% revenue gain in the fourth quarter of 2012 to nearly $295 million. Organic revenue growth for the period was almost 12%.
For the full year, revenue was up 14% to $1.07 billion, while organic growth was up 8.4%. The company’s Q4 and full year organic growth rates are highest among holding companies reporting results for those periods so far, albeit from a lower revenue base.
The company reported net new business wins accounting for $137 million in revenue for the year.
The company had a net loss for the year of more than $79 million, about $3 million more than the loss recorded for 2011.
Earnings before interest, taxes, depreciation and amortization for Q4 totaled nearly $44 million, up 66% while full year EBITDA rose 27% to more than $118 million.