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MDC Partners said organic revenue grew 1.4 percent in the fourth quarter, a better-than-expected result in an industry that has been measuring recovery in increments of slowing organic declines. The company posted a 3.4 percent increase in revenue to $149.7 million in the quarter.
“2009 was an extraordinary year for MDC Partners where we exceeded all of our key financial projections,” Miles Nadal, MDC chairman, CEO, said in the earnings release. “Not only did we outperform our peers in terms of organic revenue and profitability growth, MDC is the first company to return to growth in the fourth quarter.
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