Pagegroup (PAGE)

Sector:

Support

Index:

FTSE 250

401.80p
   
  • Change Today:
    -7.60p
  • 52 Week High: 539.00
  • 52 Week Low: 367.80
  • Currency: UK Pounds
  • Shares Issued: 328.58m
  • Volume: 38,133
  • Market Cap: 1,320.23m

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 401.80p
Change Today -7.60p
% Change -1.86 %
52 Week High 539.00
52 Week Low 367.80
Volume 38,133
Shares Issued 328.58m
Market Cap 1,320.23m

Pagegroup Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
1.59% above the market average1.59% above the market average1.59% above the market average1.59% above the market average1.59% above the market average
21.31% above the sector average21.31% above the sector average21.31% above the sector average21.31% above the sector average21.31% above the sector average
Price Trend
52.78% below the market average52.78% below the market average52.78% below the market average52.78% below the market average52.78% below the market average
52.76% below the sector average52.76% below the sector average52.76% below the sector average52.76% below the sector average52.76% below the sector average
Income
81.26% above the market average81.26% above the market average81.26% above the market average81.26% above the market average81.26% above the market average
82.02% above the sector average82.02% above the sector average82.02% above the sector average82.02% above the sector average82.02% above the sector average
Growth
55.58% above the market average55.58% above the market average55.58% above the market average55.58% above the market average55.58% above the market average
62.71% above the sector average62.71% above the sector average62.71% above the sector average62.71% above the sector average62.71% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 5
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
  Special Interim
Ex-Div 05-Sep-19 05-Sep-19
Paid 09-Oct-19 09-Oct-19
Amount 12.73p 4.30p

Trades for 14-Oct-2019

Time Volume / Share Price
09:18 100 @ 401.80p
09:18 275 @ 402.00p
09:18 100 @ 402.00p
09:16 5 @ 402.60p
09:16 212 @ 402.60p

Pagegroup Key Personnel

CEO Stephen Ingham
CFO Kelvin Stagg

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