FINANCIALS: PageGroup sees rise in profits
Global recruiter PageGroup has seen group gross profit rise 9.1% year-on-year due to improving trading and a later Easter, according to a trading update for Q1 2017.
The update, published this morning, reveals group GP rose to £170.3m.
While GP rose 14.8% in EMEA, 3.9% in Asia-Pacific and 15.2% in the Americas, the group noted “continuing challenging” conditions in Brazil, Singapore and its financial services business, while in the UK GP was unchanged at £36.4m, as Brexit-related uncertainty took hold over the quarter.
CEO Steve Ingham said he was pleased with the group’s strong performance across most of its regions, but noted the timing of Easter benefitted the overall quarterly result.
“There remain a number of uncertainties as we continue through 2017, including the impact of Brexit in the UK, elections in Europe and Brazil's ongoing macro-economic challenges.
“Looking ahead, we will continue to focus on driving profitable growth, while being able to respond quickly to any changes in market conditions."
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