Empresaria Group PLC Trading Update and Notice of Results (6513V)
25 July 2018 - 4:01PM
UK Regulatory
TIDMEMR
RNS Number : 6513V
Empresaria Group PLC
25 July 2018
25 July 2018
Empresaria Group plc ("Empresaria" or the "Group")
Trading Update and Notice of Results
On course to deliver full year market expectations
Empresaria (AIM: EMR), the international specialist staffing
group, is pleased to provide a trading update ahead of announcing
its interim results on Wednesday 22 August 2018.
Empresaria remains on course to meet market expectations for the
full year. For the first half, adjusted profit before tax is up
approximately 2% and net fee income is down approximately 1% on the
prior year. There were strong results in a number of businesses,
particularly within the Americas region, offsetting the previously
announced impact of regulatory changes in Germany and Japan. The
Group's strategy of specialisation and diversification continues to
lay the foundations for future profitable growth.
Empresaria's recent investment in Grupo Solimano in Peru
strengthens the Group's presence in Latin America. The acquisition
is funded by the operating cash flows of the Group and is expected
to be neutral from an earnings perspective in the current financial
year ending 31 December 2018 and earnings enhancing in the next
financial year.
Spencer Wreford, CEO of Empresaria said:
"In line with our strategy, we will continue to invest in our
existing brands and identify further potential external investments
to complement and increase the reach of our network.
"The Group continues to work through the impact of regulatory
changes in key markets and is well positioned to return those
businesses to growth."
Enquiries:
Empresaria Group plc via Alma PR
Spencer Wreford, Chief Executive Officer
Tim Anderson, Group Finance Director
Arden Partners (Nominated Adviser and
Broker)
John Llewellyn-Lloyd / Steve Douglas
/ Ciaran Walsh 020 7614 5900
Alma PR (Financial PR) 020 8004 4217
Rebecca Sanders-Hewett / Sam Modlin empresaria@almapr.com
Notes for editors:
-- Empresaria Group plc is an international specialist staffing
group with 19 brands operating in 21 countries across the globe
including the UK, Germany, Japan, India, UAE, Indonesia, Chile,
Australia, Thailand, Singapore, Finland, USA, New Zealand, China,
Malaysia, Vietnam, the Philippines and Peru.
-- 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 group company management teams
holding significant equity in their own business.
-- Empresaria is listed on AIM under ticker EMR. For more
information: empresaria.com
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END
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