Impellam Group (IPEL)

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 355.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 625.00p
  • 52 Week Low: 355.00p
  • Currency: UK Pounds
  • Shares Issued: 47.47m
  • Volume: 0
  • Market Cap: £168.52m

Impellam shares tumble as firm's earnings slide

By Josh White

Date: Thursday 14 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Managed services and specialist staffing company Impellam Group shares were plunging on Thursday morning, after it announced its unaudited final results for the 53 weeks ended 4 January.
The AIM-traded firm said its revenue for the year was up 4.9% at £2.28bn, while its gross profit slipped 1.1% to £282.3m.

Adjusted EBITDA was down 15.6% at £50.2m, and the company's operating profit was 48.8% lower year-on-year at £22.9m.

Its adjusted basic earnings per share were off 23.9% at 56.8p, and basic earnings per share plummeted 57.2% to 26.5p.

Impellam's net debt narrowed by 5.5% during the year, to stand at £71.7m as at 4 January.

"In 2018, Impellam Group made good strategic progress amidst the backdrop of challenging conditions in the UK healthcare, education and retail markets," said chairman Lord Ashcroft.

"We have continued to invest selectively in line with our strategy, whilst maintaining control on costs and cash.

"Our focus on international expansion to reduce reliance on the UK and to increase scale continues, whilst we continue to strengthen our managed services proposition globally."

Lord Ashcroft said the firm's managed services businesses delivered "strong" growth, particularly in Australia, adding that the merger of Impellam's UK and US managed services businesses had further broadened its capabilities and service offering.

He also noted that the expansion of the firm's specialist staffing businesses in Europe, with new locations opened in Germany and Switzerland.

"We have also continued to invest in our people and technology to ensure that Impellam Group is equipped to adapt to the changing world of work."

As at 1009 GMT, shares in Impellam were down 16.89% at 455p.

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Impellam Group Market Data

Currency UK Pounds
Share Price 355.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 625.00p
52 Week Low 355.00p
Volume 0
Shares Issued 47.47m
Market Cap £168.52m

Impellam Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average86.90% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
71.67% below the market average71.67% below the market average71.67% below the market average71.67% below the market average71.67% below the market average
74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% below the sector average74.6% below the sector average
Income Not Available
Growth
90.09% below the market average90.09% below the market average90.09% below the market average90.09% below the market average90.09% below the market average
98.29% below the sector average98.29% below the sector average98.29% below the sector average98.29% below the sector average98.29% below the sector average

Impellam Group Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Jul-18 31-Aug-17
Paid 09-Aug-18 06-Oct-17
Amount 13.50p 7.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

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