FINANCIALS: ManpowerGroup performance hit by challenges in Europe

ManpowerGroup has seen Q4 net earnings and revenue decline year-on-year.

In a statement released late yesterday, the recruitment giant revealed net earnings in the quarter of $158.3m (£120.6m) down from $216.3m in Q4 2017. Q4 2018 revenues of $5.4bn were also down 4% on Q4 2017, with net earnings of $2.54 per diluted share compared to $3.22 per diluted share in Q4 2017.

For the full year, the group posted net earnings of $556.7m or $8.56 per diluted share, compared to net earnings of $545.4m or $8.04 per diluted share in the previous year. This period includes restructuring costs, which reduced earnings per share (EPS) by 46 cents.

Elaborating on the group’s performance, ManpowerGroup chairman and CEO Jonas Prising said: “The fourth quarter results reflect a more challenging environment, particularly in Europe. Our performance demonstrates our capability to respond rapidly, as market dynamics in some parts of the world change.

“We are confident in our ability to manage in a more uncertain environment and believe our market-leading global footprint and extensive portfolio of workforce solutions will continue to serve us well and provide us with opportunities for profitable growth.

“We are anticipating diluted EPS in the first quarter of 2019 to be in the range of $1.30 to $1.38, which includes an estimated unfavourable currency impact of 13 cents,” he added.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

FINANCIALS: NFI up for Hays, revenue up for Parity Group

Hays and Parity Group have issued financials this morning, indicating increased net fee income and revenue.

Financials 16 April 2019

Robert Walters: UK recruiters have massive potential for global growth

There is the potential for recruiters to grow their businesses right across the globe, according to industry veteran Robert Walters.

Financials 15 April 2019

FINANCIALS: Americas business leads gross profit growth at PageGroup

Global recruiter PageGroup has seen group gross profit increase 11.7% year-on-year, according to a trading update for the first quarter of 2019.

Financials 10 April 2019

FINANCIALS: ClearStar sees profit rise

US background check technology and service provider ClearStar has seen year-on-year profit climb 11%, according to a trading update for the quarter to 31 March 2019.

Financials 10 April 2019
Top