FINANCIALS: PageGroup reports ‘challenging’ conditions but posts profits

While PageGroup has reported “challenging” market conditions for some of its larger markets including the UK, the global recruiter has still managed to post double-digit revenue and gross profit growth in H1 2017.

According to half-year results for the period ended 30 June 2017, published this morning, the group saw revenue increase from £673.1m from £575.9m and GP increase from £299.2m to £352m, up 16.9% and 17.7% respectively.

Commenting on the results, PageGroup CEO Steve Ingham said the results reflected improved business group performance and operational efficiencies.

“We experienced some improved macro-economic conditions, particularly in Asia (excluding Singapore), Continental Europe and Latin America (excl-Brazil), which helped drive growth in the first half. However, challenging market conditions continued in some of our larger markets, including Brazil, Singapore and the UK…

“We are pleased with our first-half performance, but remain mindful that a number of political and macro-economic uncertainties will continue through 2017. We will continue to focus on driving profitable growth, as we did in the first half, whilst remaining able to respond quickly to any changes in market conditions."

• Want to comment on this story? Email us at [email protected] or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Financials 27 March 2024

Revenue growth of almost £4m in Norman Broadbent year-end results

Norman Broadbent has revealed its best financial results in over a decade.

Financials 27 March 2024

Loan Charge campaigners ‘frustrated’ as HMRC ‘airbrushes’ history

The Loan Charge Action Group (LCAG) has reinforced its calls for a parliamentary inquiry as the loan charge continues to weigh heavily on Westminster.

Legislation 19 March 2024

Bain and Gray moves to employee ownership trust

London, Soho-based executive secretarial and PA recruiter Bain and Gray has announced its transition to an Employee Ownership Trust (EOT).

Financials 23 January 2024
Top