Empresaria Group PLC Trading Update (2636A)
23 Mayo 2023 - 1:00AM
UK Regulatory
TIDMEMR
RNS Number : 2636A
Empresaria Group PLC
23 May 2023
23 May 2023
Empresaria Group plc
("Empresaria" or the "Group")
Trading Update
Empresaria, the global specialist staffing group, provides the
following update ahead of its Annual General Meeting today at
1:00pm.
The softening of demand and slowing of hiring decisions seen
across the Group's businesses in the second half of 2022 have
continued into 2023. As a result, net fee income for the four
months to 30 April 2023 is 5% lower than the same period in the
prior year and half year profits are expected to be down
significantly year-on-year against a strong 2022 comparator.
While the Group has implemented a number of measures which will
adjust the cost base in the second half of the year, the economic
uncertainty makes it challenging to predict the outcome for the
full year. At present, full year adjusted profit before tax is
expected to be approximately GBP7m.
We are continuing to deliver on our strategic initiatives and
are confident in the medium-term prospects for the Group.
We will provide a full update with the interim results that are
expected to be announced on 22 August 2023.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended and supplemented from time to time.
- Ends -
Enquiries:
Empresaria Group plc via Alma PR
Rhona Driggs, Chief Executive Officer
Tim Anderson, Chief Financial Officer
Singer Capital Markets (Nominated
Adviser and Broker)
Shaun Dobson / James Moat 020 7496 3000
Cenkos Securities plc (Joint Broker)
Katy Birkin / Charlie Combe (Corporate
Finance)
Michael Johnson / Jasper Berry (Sales) 020 7397 8900
Alma PR (Financial PR) 020 3405 0205
Sam Modlin / Pippa Crabtree / Hilary empresaria@almapr.co.uk
Buchanan
Notes for editors:
-- Empresaria Group plc is a global specialist staffing group.
We are driven by our purpose to positively impact the lives of
people, while delivering exceptional talent to our clients
globally. We offer temporary and contract recruitment, permanent
recruitment and offshore services across six sectors: Professional,
IT, Healthcare, Property, Construction & Engineering,
Commercial and Offshore Services.
-- Empresaria is structured in four regions (UK & Europe,
APAC, Americas and Offshore Services) and operates from locations
across the world including the four largest staffing markets of the
US, Japan, UK and Germany along with a strong presence elsewhere in
Asia Pacific and Latin America.
-- Empresaria is listed on AIM under ticker EMR. For more
information visit empresaria.com.
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END
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(END) Dow Jones Newswires
May 23, 2023 02:00 ET (06:00 GMT)
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