MU Defies Global Market Turbulence to Report Strong Performance in 2024

By Richard Moore Sofia Hjort Lönegård

As financial uncertainty persisted throughout the global market, MU has once again showed our strength and sustained development.

In 2024, we successfully completed our transition into the Executive Search and Leadership Advisory segment, and launched improved client offerings, securing that clients will acquire and develop the leadership they need. Throughout the year, MU's global experts have consistently increased the value and fee levels associated with our services, earning excellent feedback and satisfaction from clients worldwide. We delivered a profit of 9.9% adjusted EBITDA—outperforming our 2023 result. Considering the market conditions, achieving an EBITDA like this is a strong development and leads to solid dividends for our equity partners.

This transformation and profit performance underscore MU's unwavering dedication to innovation, effective solutions, and exceptional client relationships.

Key achievements of 2024

  • The MU Executive Search™ was successfully upgraded as the gold standard in inclusive and highly effective leader recruitment and selection.
  • The development and strengthening of the MU organisation continued with appointments of several key positions in the organisation and the welcoming of eight new MU Partners
  • Positive development and overall growth in our largest regions – Central and West.
  • Strong development in prioritised Practices:
    • CEO & Board (increase of 9% versus 2023)
    • Digital Transformation (increase of 9% versus 2023)
    • Double digit growth in Life Sciences, Technology, Media and Materials Processing sectors.
  • An exceptional 16% increase in client work from new MU Expert Consultants in their first 2 years in our team.
  • We became a member of the Association of Executive Search and Leadership Consultants (AESC)
  • Opened our new operation in Tokyo, Japan.
  • Welcomed our second Trusted Affiliate, Bell Oaks in Atlanta (joining our initial partner, Cranfield School of Management).
  • Recognised by Deloitte once again as one of “Sweden’s Best Managed Companies”

Key focus for 2025

Acquiring and improving leadership that is diverse and performs effectively is the greatest challenge organisations face — and the only way they can sustainably outperform. To serve our clients even better, the key focus areas for our management in 2025 are:

  • Continued strengthening of our presence in key markets, industry practices, and global reach through careful and selective hiring of senior consultants, new associates and affiliated partners.
  • Continued financial vigilance.

With our transformation completed, the MU team looks forward to fully focusing on client sales, client care and client development work. At the same time, as every year, further strengthening our industry leading quality assurance and certification regime for MU Experts: Focus on the scientific basis for predicting leader success, and inclusion and diversity.

 

Read more about our work in 2024 and what is to come in 2025 in our Year in Review Report.

 

For more information, please contact:
Richard Moore | CEO
E-mail: [email protected]

 

About MU

MU is a leading global company in Executive Search and Leadership Advisory. For nearly 60 years, we have been dedicated to helping organisations exceed their goals and drive sustainable growth. MU specialises in identifying, assessing, and recruiting top talent for leadership positions. At the same time, MU offers tailored leadership advisory services for each client’s unique context and needs.

The company was founded and headquartered in Stockholm, Sweden, but is active in over 60 countries. Thanks to our global network, we combine local expertise with international reach.

MU works with a unique and proprietary method. By using our scientifically validated MU Leader Selection Science®, we can ensure long-term leadership success and inclusive workplaces. Our independent MU Research Institute supports our methods with evidence-based research. 

MU is consistently recognised as one of the top global firms in Executive Search and advisory and is a proud member of the Association of Executive Search and Leadership Consultants. 

MU adheres to the highest standards of quality and ethical practices and is ISO 10667 certified, underscoring our commitment to fair, reliable, and objective leadership decisions.


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