The year of 2020 will of course be remembered through the strain the Covid-19 crisis has put on us all, our company and society. It has required specific attention and actions to protect the company.
This has been handled very successfully. We have been able to secure an uninterrupted delivery of our service to clients, and we are now well prepared to handle the opportunities ahead of us with a very strong and successful team. We are also pleased to share that we now do our most important work in the premium segment, securing the right leaders that will have the most immediate and long-term impact on client’s results.
Key achievements of 2020
- Our team stayed safe and looked after colleagues and clients alike – without interruption or hesitation.
- The execution of our strategy has further strengthened our client offering and expertise related to Leadership Acquisition and Advisory. These services are now the major part of our total business.
- Together with the further enhanced MU Leadership Assessment solution the MU Position Benchmark tool has been launched.
- Our reach in major markets has increased, whilst focussing our physical footprint to where it matters most.
- We continued to attract associates around the world and our network is now stronger than ever.
Financially, despite the years many challenges, we achieved:
- An adjusted EBITDA margin of 1%.
- Cash flow was close to four million EUR, and cash position 16 million EUR at year end.
- Lower customer receivables due to more efficient invoicing and payment routines was the main driver to the positive cash flow.
- The company have 5 million EUR in overdraft facility available.
Read more about 2020 and our plans for 2021 in our ‘Year in Review’ section, including stories from MU colleagues all over the world.
For more information, please contact:
Sofia Hjort Lönegård
Public Relations, MU
E-mail: sofia.hjort.lonegard@mercuriurval.com
About MU
The only global Executive Search, premium Talent Acquisition and Talent Advisory firm based in the Nordics:
- Founded 1967, Stockholm, Sweden
- 3000 clients served each year; leading global corporation and public sector institutions to SMEs, digital start-ups and local government
- 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.
- 42% Executive Search and Strategic Recruitment
- 35% Recruitment of specialists
- 23% Assessment and Talent and 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