Empresaria Group plc announced earnings guidance for the second half of the 2017. For the period, the company reported adjusted profit before tax expected to be ahead of both the first half and prior year. Although the Group is on track to deliver a record adjusted PBT for the full year, it is expected to be below current market expectations. This is primarily due to an increased current year impact from two issues that have previously been highlighted. The Group has seen reduced margins in Germany following the legislation changes, the impact of which has started to be felt earlier than previously anticipated. The company expects the impact on adjusted PBT to continue through 2018, although the company are confident that these changes will have a positive effect on the staffing market in Germany and so for their German business into the medium term.