Marex Reports 18% Jump in Net Revenues in 2020


Marex recently announced its financial results for the year ended 31 December 2020. The company’s net revenue reached $414.7 million in 2020, compared to $352.2 million in 2019. Marex has reported the seventh consecutive year of increased earnings.

According to the official announcement, gross revenues touched $762.4 million in 2020, which was a jump of 37% compared to 2019. The adjusted operating profit before taxation reached $61.5 million in 2020, compared to $53.4 million in 2019.

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Marex also highlighted the importance of its acquisition strategy in the company’s recent expansion. The company mentioned significant success from organic growth despite the challenges of the coronavirus pandemic.

Commenting on the latest announcement, Ian Lowitt, CEO of Marex, said: “I am delighted to report another outstanding set of results. With Covid and working from home, 2020 was an extraordinary year, and I am truly proud of how our employees stepped up to the challenge. Notwithstanding the market conditions, we continued to perform at a very high level, achieving record profitability for the seventh year in a row, growing revenues and profits consistent with our historic trajectory of 15% to 20%, to new records.”

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