UK's Staffline H1 revenue rises on new contract wins
UK's Staffline H1 revenue rises on new contract wins
Overview
UK recruitment group's H1 revenue rose 15.2% year-on-year, driven by new contract wins
Operating profit for H1 increased 57.6% on organic growth and cost control
Company repurchased 7.0 mln shares in H1 as part of ongoing buyback programme
Outlook
Staffline expects FY 2026 profit before tax towards the top end of £8.7m-£9.2m range
Company says strong trading momentum has continued into H2 2026
Staffline notes ongoing macroeconomic challenges but sees resilience in blue-collar recruitment
Result Drivers
NEW CONTRACTS & CUSTOMER EXPANSION - Co said revenue growth was driven by new contract wins and expanded mandates with existing customers
TEMPORARY WORKER DEMAND - Recruitment GB temporary working hours rose 10.7% in H1 and 16.1% in June, helped by good weather and the Football World Cup
PERMANENT FEES IRELAND - Recruitment Ireland delivered record permanent fees up 33.3%, mainly in the Republic of Ireland
Company press release: ID:nRSb0561Oa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 559.40 mln |
|
H1 Gross Margin |
| 6.70% |
|
H1 Gross Profit |
| GBP 37.50 mln |
|
H1 Pretax Profit |
| GBP 2.90 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
Wall Street's median 12-month price target for Staffline Group PLC is GBp60.00, about 27.7% above its July 27 closing price of GBp47.00
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)