Scott Milligan - Remarks to the 2014 Annual and Special Meeting of Shareholders
As Alan and Bill mentioned, Morneau Shepell is going from strength to strength. We are building on our unique market position while delivering consistent, sustainable and profitable growth.
In 2013, as you’ve heard, revenue across our lines of business grew 12.4 per cent to $471.2 million.
Recurring revenue – an attractive feature of our business model – was consistent with 2012 results, a very impressive 98 per cent.
Adjusted EBITDA of $86.5 million increased by $8.4 million or 10.7 per cent compared to the previous year.