Fitch profits soar for fifth year

Fitch boasted the fifth consecutive year of improved results in its figures released last week. – In the year ended 31 December 1997, pre-tax profit rose to 2.

Fitch boasted the fifth consecutive year of improved results in its figures released last week.

In the year ended 31 December 1997, pre-tax profit rose to 2.2m, an increase of 17.5 per cent on the previous year. Turnover was up 11.3 per cent to 21.7m.

Turnover in the UK increased by 24.4. per cent to 5.9m, while profits rose to 1.2m – an increase of 30.7 per cent on the previous year.

Fitch chairman Martin Beck said in his statement: “Having successfully evolved from a traditional, tactical design group which answers the How? question into a strategic consultancy which combines the strategic What? with the tactical How?, we are now moving further upstream to deal in the directional question of What’s Next for our clients?”

The group is now planning to develop start-up initiatives in Europe. Senior director for product design Clive Grinyer was brought in last year, to boost the Continental push.

Latest articles