Global expansion is behind rising profits at NES, according to the technical recruiter’s group chief executive Neil Tregarthen.

The firm has announced EBITDA of £13.1m for its year ending October 2010, up 5% on 2009, while turnover was up by 2% to £284.7m.

Meanwhile, the group, which has opened overseas trading offices in Brazil, Equatorial Guinea, Saudi Arabia and Brisbane during the year, reports that operations outside of the UK now make up 78% of group profits and 59% of group revenues.

Tregarthen says: “This is a solid performance throughout what has been another challenging year, not only for the staffing industry, but also for the wider global economy. The NES Group has now enjoyed uninterrupted profit growth since 2004 and for our staff to achieve such results against the background of a worldwide slow down and in many countries, out and out recession, is a great compliment to their determination and hard work.

“The strategic intention that was born on my arrival in 2004, to become ever more global and specialist, remains as our focus and our results in 2010 have provided further evidence that this strategy is correct.”