Target releases strong 2016 results

Jessica Nangle

June 1, 2017

Target Group has announced a fourth consecutive year of growth.

Earnings before tax, depreciation and amortization (EBITDA) increased 61% to £11m, whilst turnover climbed 26% to £64.1m.

The growth was complimented by an increase in the number of employees from 673 to 1053.

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Ian Larkin, co-group chief executive at Target Group, said:  “We are very pleased with the progress at Target in 2016.

“Looking ahead, there are some great opportunities out there in the market and we are well placed to support our clients as it evolves.”

Bill Alley, co-group chief executive at Target Group, added: “Last year was truly a milestone year for Target.

“2016 saw us add a number of high profile names to our diverse list of clients, something we have only been able to achieve thanks to our recruitment of high quality people.”

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