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 recruiter.editorial@redactive.co.uk 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

Twitter Twitter

Hays posts 13% boost in net fee income

Recruitment giant Hays posted a 13% increase in overall net fee income, including some marginal NFI growth in the UK and Ireland, for the three months to 30 September.

Financials 12 October 2017

FINANCIALS: PageGroup profits down in the UK, up elsewhere

Despite an overall rise in gross profit, political uncertainties around Brexit have resulted in a 7.6% decline in GP in the UK for global recruiter PageGroup.

Financials 11 October 2017

FINANCIALS: Robert Walters reveals growth in UK and worldwide

International recruiter Robert Walters has posted net fee income growth in its operations across the globe, including the UK.

Financials 10 October 2017

FINANCIALS: SSQ posts positive results

Legal search and recruitment consultancy SSQ has seen revenue and gross profits rise year-on-year, according to results for the year ended 31 December 2016.

Financials 3 October 2017
Top