REG - Empresaria Group PLC - Trading Update

EmpresariaAnnouncement

26/10/2021 07:00

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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 £57m to £59m and adjusted profit before tax
is expected to be in the range of £7.4m to £7.9m (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)  020 7496 3000
 Shaun Dobson / James Moat
 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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