Pagegroup (PAGE)

Sector:

Support

Index:

FTSE 250

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449.80p
   
  • Change Today:
    -1.00p
  • 52 Week High: 623.50
  • 52 Week Low: 415.00
  • Currency: UK Pounds
  • Shares Issued: 328.52m
  • Volume: 776,752
  • Market Cap: 1,477.70m

PageGroup profit rises as international strength offsets UK weakness

By Michele Maatouk

Date: Wednesday 06 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Recruiter PageGroup reported a jump in full-year profit on Wednesday as strength in the international business offset a weaker performance in the UK.
In the year to the end of December 2018, pre-tax profit was up 20.4% to £142.3m on revenue of £1.55bn, up 13% on the year. Operating profit increased 20.4% to £142.5m and basic earnings per share rose 22.6% to 32.5p.

The company recommended a final dividend of 9p per share, up 4.7% on the year, after paying a 4.1p interim dividend and a 12.73p special dividend in October.

Gross profit in the UK fell 1.7% to £138.4m but profit in the Americas was up 19.4% to £121m and EMEA profit increased 18% to £394.3m. In Asia Pacific, profit was up 17.5% to £161.2m, despite "more challenging" conditions in mainland China in the fourth quarter.

PageGroup said it experienced "challenging" market conditions throughout the year in its UK business as continued Brexit uncertainty impacted candidate and client confidence. Page Personnel, which represents a quarter of the UK, grew 8% and delivered a record year. However, Michael Page - its largest brand which is focused on more senior opportunities - was hit to a greater extent by the uncertainty and saw revenue decline 4%.

Chief executive officer Steve Ingham said: "We are mindful of the macro-economic uncertainties that exist, but we will continue to focus on driving profitable growth, while continuing our strategic investments towards our Vision of 10,000 headcount, £1bn of gross profit and £200m - £250m of operating profit.

"Our flexible and diversified business model ensures that we are able to respond quickly to changes in market conditions."

At 0910 GMT, the shares were up 1.6% to 456p.

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Pagegroup Market Data

Currency UK Pounds
Share Price 449.80p
Change Today -1.00p
% Change -0.22 %
52 Week High 623.50
52 Week Low 415.00
Volume 776,752
Shares Issued 328.52m
Market Cap 1,477.70m

Pagegroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.88% below the market average12.88% below the market average12.88% below the market average12.88% below the market average12.88% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Price Trend
36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average36.57% below the market average
32.82% below the sector average32.82% below the sector average32.82% below the sector average32.82% below the sector average32.82% below the sector average
Income
76.74% above the market average76.74% above the market average76.74% above the market average76.74% above the market average76.74% above the market average
71.11% above the sector average71.11% above the sector average71.11% above the sector average71.11% above the sector average71.11% above the sector average
Growth
50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average50.40% above the market average
58.68% above the sector average58.68% above the sector average58.68% above the sector average58.68% above the sector average58.68% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pagegroup Dividends

  Latest Previous
  Final Special
Ex-Div 16-May-19 06-Sep-18
Paid 17-Jun-19 10-Oct-18
Amount 9.00p 12.73p

Trades for 19-Jul-2019

Time Volume / Share Price
16:42 20,900 @ 450.66p
16:42 20,900 @ 450.66p
16:42 20,900 @ 449.26p
16:42 20,900 @ 449.26p
16:42 2,091 @ 450.16p

Pagegroup Key Personnel

CEO Stephen Ingham
CFO Kelvin Stagg

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