IMD Annual Report 2019

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IMD continued to build on the excellent performance of top-line growth made in 2018 and 2017. In 2019, revenue reached 135.3 million Swiss francs*, up 9.5 percent versus 2018. 2019 revenue performance was the highest on record for IMD, primarily driven by the executive education segment. This segment was boosted, in particular, by custom programs which achieved a record year in terms of revenue. Revenue from open programs also continued to grow over the same period. Revenue from degree programs was solid, with both the MBA and EMBA at full capacity in 2019. The new NEXUS offering delivered growth in 2019. IMDcontinued tomake key investments in the areas of faculty recruitment and innovation, especially around digital offerings and other factors that will equip the institution with competitive advantages in the future. These investments also continued to strengthen IMD’s market development. In 2019, IMD delivered significant geographic expansion, in particular in the Middle East and in core European markets such as Switzerland, Germany and France. The investment program, which commenced in 2017, entered its third year in 2019 and has delivered the anticipated results. Alongside this, IMD continues to maintain a strong and healthy balance sheet that can support future growth and provide a buffer to deal with unexpected events.

*Financial information in this section is subject to approval by the IMD Foundation Board in November 2020.