Empresaria eyes acquisitions in Colombia and Peru
22 January 2015
Empresaria’s expansion into Colombia and Peru is likely to take the form of acquisitions of existing recruitment business in these territories, according to the global recruiter’s finance director Spencer Wreford.
Thu, 22 Jan 2015Empresaria’s expansion into Colombia and Peru is likely to take the form of acquisitions of existing recruitment business in these territories, according to the global recruiter’s finance director Spencer Wreford.
Last summer Empresaria chief executive Joost Kreulen told Recruiter editor DeeDee Doke Chile, Colombia and Peru were ‘green field’ in terms of markets, and “a good area” for expansion for the firm.
Commenting on the group’s trading update for the financial year ended 31 December 2014, issued today [22 January], Wreford told Recruiter Colombia and Peru represent the “most exciting” staffing markets in that part of the world.
“That would give us a good presence in the main markets in South America,” he added.
“Most likely that would be external investment we would have to do. It is something on our radar that we’re looking at. Whether anything happens in 2015, we’re not highly progressed on anything at the moment.”
The trading update reveals Empresaria’s board expects adjusted profit before tax growth of roughly 13% year-on-year, with net fee income around 3% ahead of the previous year. Total net debt has been cut by 36% from £15.2m in 2013 to £9.8m in 2014.
Final results will be released on 5 March 2015.
Last summer Empresaria chief executive Joost Kreulen told Recruiter editor DeeDee Doke Chile, Colombia and Peru were ‘green field’ in terms of markets, and “a good area” for expansion for the firm.
Commenting on the group’s trading update for the financial year ended 31 December 2014, issued today [22 January], Wreford told Recruiter Colombia and Peru represent the “most exciting” staffing markets in that part of the world.
“That would give us a good presence in the main markets in South America,” he added.
“Most likely that would be external investment we would have to do. It is something on our radar that we’re looking at. Whether anything happens in 2015, we’re not highly progressed on anything at the moment.”
The trading update reveals Empresaria’s board expects adjusted profit before tax growth of roughly 13% year-on-year, with net fee income around 3% ahead of the previous year. Total net debt has been cut by 36% from £15.2m in 2013 to £9.8m in 2014.
Final results will be released on 5 March 2015.
