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MU announces 2021 results and key milestones

By Sofia Hjort Lönegård

2021 was an exceptional breakthrough year for MU. We continued to enhance our clients´ success through effective and accurate selection of leaders. Our strategy to strengthen the leadership capabilities of our clients through Reliable Leadership Advice™ has been validated, by extraordinary high client demand. Our large success has not only resulted in an exceptional operational year but has also laid a foundation for delivering ever better employee and client experiences in the future.

Key achievements of 2021

  • Sustained strong growth in Leader Acquisition and Executive Search as our largest client service (47% of revenues). Sharply increasing consultant performance levels, client value and number of services performed at leader level.
  • Successfully upgraded and launched our pioneering MU Leadership Assessment (MU LA), increasing client value across our Science-based Executive Search and Leadership Advisory Services.
  • Doubled our collaborative international business compared to 2020, as clients took advantage of our global reach and extensive industry practice expertise worldwide.
  • Established the MU Research Institute as a separate body for 2022, further increasing the efforts to maintain and develop the scientific basis of our client work.
  • Our R&D department introduced significant upgrades to our services, laying foundations for further high value additions to our experts´ tools and methods in 2022 and 2023.

Financially we achieved:

  • EBITDA amounted to a record high 15,4 MEUR, a margin of 21,5%.
  • Consistent growth and financial performance across all group locations.
  • A net cash balance of 27 MEUR at year end, equalling 38% of net income, as well as being free of net debt.
  • The possibility to continue to invest in our people and our product offerings to secure long term competitiveness, due to strong cash generation and balance.
  • An adapted office footprint to modern ways of working – serving our clients´ needs and reducing support costs.
Read more about 2021, our plans for 2022, as well as stories from MU colleagues worldwide in our ‘Year in Review’ Report.

For more information, please contact:   

Sofia Hjort Lönegård 
Public Relations, Mercuri Urval   
E-mail: sofia.hjort.lonegard@mercuriurval.com 

About Mercuri Urval 

The only global Leadership Acquisition and Advisory firm based in the Nordics. Unique science-based services:

  • Founded 1967, Stockholm, Sweden
  • 3000 clients served each year, from leading global corporations and public sector institutions to SMEs, digital start-ups, and local governments
  • Expert teams worldwide, performing assignments for clients in more than 60 countries each year
  • Experts in all major markets; working without boundaries in person and online, worldwide.

A true pioneer in leader employment, development and business advisory.  

  • 47% Executive Search
  • 32% Strategic Recruitment
  • 21% Assessment Leadership Advisory Solutions 
  • Pioneering leadership assessment capability with unrivalled accuracy and independently verified quality standards (ISO 10667-2)

Foundation owned "Stiftelsen MU"  

  • Mandate to ensure the company remains independent and strong
  • Appoints Partners
  • Chaired by a board of well-known and respected leaders