Empresaria Group PLC Trading Update (2008Q)
26 Octubre 2021 - 01:00AM
UK Regulatory
TIDMEMR
RNS Number : 2008Q
Empresaria Group PLC
26 October 2021
26 October 2021
Empresaria Group plc
("Empresaria" or the "Group")
Trading update
Continued growth in profit forecast with Offshore Recruitment
Services a key contributor
Empresaria, the global specialist staffing group, provides the
market with an update on trading for the current financial year
ending 31 December 2021.
Trading update
Following the progress made in the first half of 2021, we have
seen increased momentum into the second half of the year as the
Group continues to realise the benefits from operational
initiatives and the improved economic environment. As a result, it
is anticipated that the Group's full year net fee income will be in
the range of GBP57m to GBP59m and adjusted profit before tax is
expected to be in the range of GBP7.4m to GBP7.9m (9% to 16% above
market consensus).
Our Offshore Recruitment Services sector continues to go from
strength to strength and delivered a record increase in billable
headcount in September. This sector remains core to our future
plans through both its external and internal delivery.
Our Professional sector has performed better than expected in
the third quarter with a strong recovery in our UK hospitality
operations and solid performances in Asia despite the very
significant levels of local lockdowns. However, the challenges in
the aviation industry continue and this is expected to impact us
until the sector recovers.
Our Healthcare sector has had a very strong 2021. While we were
anticipating a significant slowdown in the vaccination programmes
in our Healthcare sector in the second half of the year, the autumn
COVID-19 booster vaccinations in the US have led to additional
demand. This will likely last through to early 2022 after which we
expect reduced demand from the vaccination programme.
Chief Executive Officer, Rhona Driggs, commented:
"I am pleased we are able to deliver this positive news on our
trading. Demand continues to be strong across the staffing industry
and we are seeing this reflected in most of our businesses. With
skills shortages at a 15-year high, candidate attraction and
engagement remain a key priority as we close out the year. We are
continuing to invest in the future of the business, including the
recent appointment of regional leaders who will be instrumental in
helping us deliver on our growth strategies. I am pleased to see
the positive momentum within the business, and I am confident that
we can take advantage of the continued economic recovery to deliver
long-term growth."
- 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
Alma PR (Financial PR) 020 3405 0205
Sam Modlin empresaria@almapr.com
David Ison
Hilary Buchanan
Notes for editors:
-- Empresaria Group plc is a global specialist staffing group
offering temporary and contract recruitment, permanent recruitment
and offshore recruitment services across 6 sectors: Professional;
IT; Healthcare; Property, Construction and Engineering; Commercial
and Offshore Recruitment Services.
-- Empresaria operates from locations across the world including
the 4 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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