REG - Empresaria Group PLC - Trading Update and Notice of Results

EmpresariaAnnouncement

24/07/2025 07:00

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RNS Number : 3190S  Empresaria Group PLC  24 July 2025

24 July 2025

 

Empresaria Group plc

("Empresaria" or the "Group")

 

Trading Update and Notice of Results

 

 

Improved net fee income performance with a return to growth

Full year results expected to be in line with the board's expectations

Empresaria (AIM: EMR), the global specialist staffing group, today provides a
trading update for the six months ended 30 June 2025 ahead of announcing its
interim results on 7 August 2025.

 

Trading update

 

 ·             Improved net fee income performance with progressive quarterly improvements
               resulting in a return to growth:
               o                                       H1 net fee income up 0.1% year-on-year (CC LFL)
               o                                       Good progress in core operations with US net fee income up 38% and Offshore
                                                       Services up 11% (CC LFL), together outweighing a 9% reduction in the UK which
                                                       continues to be challenging
               o                                       Year-on-year growth in Q2 with net fee income increasing 2.0% (CC LFL) which
                                                       more than offset the year-on-year reduction of 1.9% in Q1 (CC LFL)
               o                                       Sequential growth with Q2 net fee income 7% greater than Q1 (CC LFL)
               o                                       Reported net fee income down 8% to £23.4m which reflects the impact of 2024
                                                       exits and FX movements
 ·             Net debt increased to £16.1m (31 December 2024: £15.3m), driven by the
               impact of foreign exchange movements.
 ·             Full year results are expected to be in line with the board's expectations.

 

The economic environment for the staffing industry remained challenging
throughout the first half of 2025 and is now expected to remain so for the
rest of the year.  Despite this, we are pleased to have delivered a return to
year-on-year net fee income growth (CC LFL) in the second quarter of 2025.

 

As announced earlier this year, we are focussed on our core operations in the
UK (IT and professional), the US (IT, professional and healthcare) and
Offshore Services. These core operations have performed strongly with net fee
income growth in the US and Offshore Services partially offset by a reduction
in the UK. We have been investing in our US team to drive growth and we are
pleased to show a strong year-on-year increase in net fee income of 38% (CC
LFL) in the first half of the year with healthcare the main driver. Offshore
Services has also performed well with 11% growth in net fee income (CC LFL)
with demand showing signs of improving after a challenging 18 months. Net fee
income in our core UK operations dropped by 9% year-on-year in what remains a
difficult market.

 

We continue to look to drive performance in our non-core operations as we work
towards their sale. Net fee income was down by 7% (CC LFL) primarily
reflecting market challenges in Germany and across Asia.

 

Financial position

 

Net debt at 30 June 2025 increased to £16.1m (31 December 2024: £15.3m)
reflecting a significant adverse FX impact of £1.4m. Headroom, excluding
invoice financing, is stable at £3.7m (31 December 2024: £4.1m).

 

Rhona Driggs, CEO of Empresaria, commented:

 

"I'm encouraged by our progress in the first half of 2025, delivering a return
to year-on-year net fee income growth in Q2 which also showed good growth over
Q1. I am also pleased with progress on profits which are supported by our
strong cost control and the benefit from 2024 exits.

 

"Our core operations in the US and Offshore Services are leading this
improvement, demonstrating the strength of our focussed strategy. We remain
committed to executing our strategy, investing in core markets where we see
sustainable growth potential, managing costs tightly, and progressing the
simplification of the Group. We are making good progress on our exit programme
with a number of processes underway and productive conversations with
interested parties taking place.

 

"While the macroeconomic environment remains uncertain, our performance in H1
reinforces our confidence for the remainder of the year."

 

Investor presentation

 

In line with Empresaria's commitment to ensuring appropriate communication
structures are in place for all sections of its shareholder base, management
will deliver an online results presentation open to all existing and potential
investors via the Investor Meet Company platform on Thursday 7 August 2025 at
11:00am UK time.

 

Questions can be submitted pre-event through the platform or at any time
during the live presentation.  Management may not be in a position to answer
every question it receives but will address those it can while remaining
within the confines of information already disclosed to the market.

 

Q&A responses will be published at the earliest opportunity on the
Investor Meet Company platform.

 

Investors can sign up for free via:
https://www.investormeetcompany.com/empresaria-group-plc/register-investor
(https://www.investormeetcompany.com/empresaria-group-plc/register-investor)
.  Those who have already registered and requested to meet the Company will
be automatically invited.

 

 

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)  020 7496 3000
 Alex Bond / Peter Steel / Oliver Platts
 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.
 §   The Group's core operations offer permanent and temporary and contract
     recruitment from the UK (IT and Professional) and the US (IT, Professional and
     Healthcare) alongside with our Offshore Services operation headquartered in
     India.
 §   Our non-core operations offer permanent and temporary and contract recruitment
     from 13 countries and across Professional, IT and Commercial sectors.
 §   Empresaria is listed on AIM under ticker EMR.  For more information visit
     empresaria.com.

 

 

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