Annual results highlight excellent progress in business strategy
18 May 2005
To coincide with its Annual General Meeting, the BSI Group is today announcing its annual results for 2004. These highlight the organisation’s continued international success and demonstrate that its long term strategy of growing both organically and through acquisition is on course.
Highlights from the year include:
- Turnover* up by 8 per cent to £242.3 million
- Adjusted operating profit** growth of 41 per cent to £17.4 million
£11.1 m invested in the year on asset infrastructure
- Three acquisitions made: two in the Netherlands and one in Sweden
- 2,000 new standards published
- BSI’s Kitemark launched in the service sector
- A leading position built in the Latin American food safety market
Said BSI Group Chief Executive, Stevan Breeze: “During 2004, BSI continued its investment in people, knowledge and technology and aside from excellent results delivered new products and services that added value to our clients’ businesses. We introduced new management systems products and extended our know how into some exciting arenas, including that of intellectual property management, corporate social responsibility and sustainability.”
In the year, BSI also grew its expertise and influence in leading edge technologies such as nanotechnology and biometrics – BSI now leads the European working group on nano-standardization. The Group has also increased its expertise in the value-adding sectors of medical devices and food safety.
BSI also continued to promote the benefits of standards and standardization in both the UK and across the world: in the UK, through the National Standardization Strategic Framework (NSSF) whose work confirmed the economic value of standardization, and abroad through three major new collaborations with the National Standards Bodies of China, Japan and Korea.
Chief Executive Stevan Breeze added: “Our strategy to build a strong, capable and highly competitive business that meets the demands of all our customers and stakeholders is well underway. We are building a knowledge-based business which will add value for all our customers.”
* At constant exchange rates
** Before exceptional items, goodwill and additional pension contributions