School Reports 2018
[Extended edition]
Wavemaker
Wavemaker
Nielsen billings 2017: £672m (-2%)
Declared income: n/s*
Total accounts at year end: n/s
Accounts won: 18 (biggest: Home Office)
Accounts lost: 3 (biggest: Freeview)
Number of staff: 575 (-4%)
Key personnel: Jason Dormieux, chief executive; Paul Hutchison, chief operating officer; Sandeep Vohra, chief financial officer; Verra Budimlija, chief strategy officer; David Fletcher, chief data officer
Star player: n/s
Year in review
Riding high after a series of major new-business wins in 2016, including BMW and Nationwide, and scoring top marks in last year’s School Reports, MEC seemed destined to dominate the UK media landscape for some time to come.
However, in this globalised era, the less impressive performance of MEC’s international network, along with that of sister shop Maxus, convinced Group M chief executive Kelly Clark to merge the two agencies and form new entity Wavemaker.
So any evaluation of the performance of Jason Dormieux and his old MEC team – which forms the backbone of the leadership of Wavemaker – is overshadowed by the intrigue of what is yet to come.
For what it’s worth, MEC enjoyed a decent 12 months, securing a host of wins from the Crown Commercial Service, including a £15m planning account from the Home Office.
The growth of its digital, data and content capabilities was plain to see with the addition of non-planning and buying assignments from advertisers including Disneyland Paris, AIG and Bupa.
The loss of Freeview to Omnicom’s Rocket (now part of Hearts & Science) represented a rare blow.
MEC emerged with a series of awards for its work with Public Health England, including a D&AD Pencil and an Effie.
Dormieux and co must now find a way to maintain this momentum with the Wavemaker name over the door, while integrating a host of former Maxus clients and teams.
Agency's Year In A Tweet
"We never thought 2017 would be our last as MEC but we’re proud to have gone out on a high with one of our best years ever."
Scores
Business performance and accounts
Gross income
Latest: £49.1m
Previous: n/s
Change: 13.5%
Operating profit
Latest: £7.7m
Previous: n/s
Change: -9.5%
List of total accounts
Top 10 clients:
Vodafone
Morrisons
BGL
Kingfisher
Jet2
Nationwide
BMW Group
Netflix
Danone
Beiersdorf
Vodafone (n/s)
BGL Group (n/s)
Morrisons (n/s)
Diversity
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