Earnings: MDC Q2 For 2011, Revenue Grows By 41.6%

BY: 

Dave Forde
July 29, 2011

Communications company MDC reported their second quarter of 2011 with revenue of $240.5 million, an increase of 41.6% compared to $169.9 million in the second quarter of 2010.

MDC Financial Results Q2 2011 Highlights

  • Revenue increased to $240.5 million versus $169.9 million in Q2 2010, an increase of 41.6%
  • Free Cash Flow before working capital improved to $16.5 million versus $5.8 million in Q2 2010
  • Total Free Cash Flow including working capital was $19.5 million versus $34.3 million in Q2 2010
  • Technology and digital services revenue made up 51% of total revenues in Q2 2011
  • Net new business wins of $38.6 million for Q2 2011

YEAR TO DATE HIGHLIGHTS:

  • Revenue increased to $458.0 million versus $305.8 million in 2010, an increase of 49.8%
  • Organic revenue increased 23.6% for YTD 2011
  • EBITDA increased to $47.2 million versus $27.9 million in 2010, an increase of 69.3%
  • EBITDA margins improved to 10.3% versus 9.1% in 2010, an increase of 120 basis points
  • Free Cash Flow before working capital improved to $17.3 million versus $4.3 million for YTD 2010
  • Total Free Cash Flow including working capital was an outflow of ($10.7) million versus $20.8 million for YTD 2010

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>