REG - Empresaria Group PLC - Strategic Update

EmpresariaAnnouncement

26/02/2025 07:00

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RNS Number : 4357Y  Empresaria Group PLC  26 February 2025

26 February 2025

 

Empresaria Group plc

("Empresaria" or the "Group")

 

Strategic Update

 

 

Empresaria (AIM: EMR), the specialist staffing group, provides an update on
its strategy ahead of announcing its full year results on 27 March 2025.

 

Strategic update

 

We previously identified three pillars for growth: a focus on our core sectors
of Professional, IT and Healthcare; diversification of our service offering to
our clients; and delivering continued growth in Offshore Services.

 

As part of our focus on our core sectors we made good progress in simplifying
the Group in 2024, exiting from five small individual operations in Finland,
China, Australia, Japan and the UK all of which operated in sub-sectors or
markets where we did not plan to invest. We are now accelerating our strategy
by sharpening our focus on our core sector operations in the UK and the US
while continuing to develop our other two pillars for growth.

 

As a result, we plan to continue to exit from those operations that are not
aligned with this strategy, creating a more cohesive and streamlined Group
consisting of:

 

 ·             Core operations in the UK (IT and Professional)
 ·             Core operations in the US (IT, Professional and Healthcare)
 ·             Offshore Services based in India

 

This strategy enables us to scale our businesses more efficiently and
effectively. The UK and the US are two of the world's largest staffing markets
and provide significant opportunities for growth, cross-selling,
diversification and operational synergies. With a strong presence and proven
track record in these markets, we can better leverage client relationships,
shared efficiencies, and sector expertise.

 

These operations are supported by our Offshore Services business which has
been a great success story for the Group over many years, delivering 25%
compound annual growth rate in net fee income between 2017 and 2024. We see
significant opportunity to drive the next phase of growth through expanding
our offering to existing clients and taking our back-office services to
clients outside of recruitment.

 

Focussing on the UK and US alongside Offshore Services will enable us to
invest in growth more efficiently and accelerate the delivery of impactful
projects and initiatives. In 2025, we will move to a single brand across the
UK and US operations to enable us to more effectively engage with clients,
expand our offering to them and build our market presence while retaining the
benefits of specialist teams.

 

This represents a significant transformation of the Group which we believe
will help us to drive scale in these areas, improve the Group's financial
position and enhance value for our shareholders. The exits are expected to
take up to two years as we look to find the best home for these businesses and
maximise the value achieved. On completion we expect to have eliminated the
Group's net debt position and enabled a significant reduction in the Group's
overheads.

 

We will provide updates on progress in the normal course of reporting.

 

- Ends -

 

Enquiries:

 Empresaria Group plc                                         via Alma Strategic Communications
 Rhona Driggs, Chief Executive Officer

Tim Anderson, Chief Financial Officer
 Singer Capital Markets (Nominated Adviser and Joint Broker)  020 7496 3000
 Shaun Dobson / Alex Bond
 Cavendish Capital Markets Limited (Joint Broker)             020 7220 0500
 Katy Birkin (Corporate Finance)

 Michael Johson / Jasper Berry (Sales)
 Alma Strategic Communications (Financial PR)                 020 3405 0205
 Sam Modlin / Rebecca Sanders-Hewett / Will Merison
empresaria@almastrategic.com

 

Notes for editors:

 ·             Empresaria Group plc is an international specialist staffing group driven by
               our purpose to positively impact the lives of people, while delivering
               exceptional talent to our clients.
 ·             At present we offer temporary and contract recruitment, permanent recruitment
               and offshore services across six sectors (Professional, IT, Healthcare,
               Property, Construction & Engineering, Commercial and Offshore Services)
               and four regions (UK & Europe, APAC, Americas and Offshore Services)
 ·             Our accelerated strategy will continue to offer the same range of services,
               but focusses the Group around our UK (IT, Professional), US (IT, Professional
               and Healthcare) and Offshore Services operations.
 ·             Empresaria is listed on AIM under ticker EMR. For more information visit
               empresaria.com.

 

 

 

 

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