Empresaria Group PLC Trading Update (7180C)
January 24 2018 - 2:00AM
UK Regulatory
TIDMEMR
RNS Number : 7180C
Empresaria Group PLC
24 January 2018
24 January 2018
Empresaria Group plc ("Empresaria" or the "Group")
Trading Update
Record profit, in line with market expectations
Empresaria (AIM: EMR), the international specialist staffing
group, today announces a trading update for the financial year
ended 31 December 2017, ahead of announcing its final results on
Wednesday 14 March 2018.
The Board is pleased to advise that full year profitability will
be in line with current market expectations. The Group is expected
to deliver a record adjusted profit before tax, up approximately
20% year on year. We expect net fee income to be approximately 17%
ahead of the prior year and diluted adjusted earnings per share up
approximately 9% on the prior year.
There were strong performances in the UK within professional
services and other services (domestic services and new house
sales), in Japan in IT & design and in Chile in retail. The
technical & industrial sector experienced a challenging year.
The Group has worked to minimize the impact of changes to temporary
worker legislation in Germany and the business in the Middle East
has been resized resulting in an improved performance.
We are pleased with how well our recent investments have
integrated into the Group, including an improved performance from
our businesses in the USA in the second half. We continue to build
on the strengths of our Group, investing in our existing brands and
identifying further potential external investments.
Joost Kreulen, Chief Executive of Empresaria, said:
"Empresaria has demonstrated the benefit of its diversified
business model, delivering another record profit in 2017. We are
focused on delivering our strategy: strengthening a multi-branded
group, with a focus on developing leading brands that are
diversified and balanced by geography and sector."
Enquiries:
Empresaria Group plc via Alma
Joost Kreulen, Chief Executive
Officer
Spencer Wreford, Group Finance
Director & Chief Operating Officer
Arden Partners (Nominated Adviser
and Broker)
John Llewellyn-Lloyd / Steve
Douglas / Ciaran Walsh 020 7614 5900
Alma PR (Financial PR) 020 8004 4217
Hilary Buchanan empresaria@almapr.com
Notes for editors:
-- Empresaria Group plc is an international specialist staffing
group with 18 brands operating in 20 countries across the globe
including the UK, Germany, Japan, India, UAE, Indonesia, Chile,
Australia, Thailand, Singapore, Finland, USA, New Zealand, China,
Malaysia, Vietnam and the Philippines.
-- Empresaria offers temporary/contract and permanent staffing
solutions as well as offshore recruitment services in seven key
sectors: technical & industrial, aviation services, IT &
design, professional services, healthcare, executive search and
retail.
-- Empresaria applies a multi brand, management equity
philosophy and business model, with Empresaria group company
management teams holding significant equity in their own
business.
-- Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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