Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Empresaria Group plc
  6. News
  7. Summary
    EMR   GB00B0358N07

EMPRESARIA GROUP PLC

(EMR)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/26 03:00:00 am
83 GBX   --.--%
01/18EMPRESARIA : Key trends for employers in 2022
PU
2021FTSE 100 Closes Tuesday Up as Early-Dip Buying Begins
DJ
2021FTSE Rises, Real-Time Indicators Point to Falling GDP in December
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Empresaria : Results for the year ended 31 December 2020

12/01/2021 | 08:31pm EST
17 March 2021

Empresaria Group plc ("Empresaria" or the "Group")

Results for the year ended 31 December 2020

Profitability, operational resilience and financial strength

Empresaria, the global specialist staffing group, reports its unaudited preliminary results for the year ended 31 December 2020.

Highlights

2020

2019

% change

% change (constant currency)(2)

Revenue

£256.5m

£358.0m

-28%

-27%

Net fee income

£54.0m

£74.5m

-28%

-27%

Operating (loss)/profit

£(1.0)m

£4.0m

-125%

Adjusted operating profit (1)

£6.2m

£10.4m

-40%

-39%

Loss/(profit) before tax

£(2.0)m

£2.9m

-169%

Adjusted profit before tax (1)

£5.2m

£9.3m

-44%

Diluted loss per share

(6.2)p

(1.6)p

-288%

Adjusted diluted earnings per share (1)

4.1p

8.5p

-52%

  • Strong start to 2020 with year-on-year operating profit growth in every month of the first quarter

  • Benefits of diversification by sector and geography demonstrated throughout the year

  • Resilience of the Group's balance sheet proven - adjusted net debt reduced to £13.6m (2019: £19.1m)

  • Net fee income down 28% to £54.0m as a result of the impact of COVID-19

  • Adjusted operating profit down 40% to £6.2m - profitable in every quarter of 2020

  • Strategic and operational investments protected

  • 2021 guidance reinstated

  • Resumption of dividend with a final dividend of 1.0p per share proposed (2019: nil)

  1. Adjusted to exclude amortisation of intangible assets identified in business combinations, impairment of goodwill and other intangible assets, exceptional items, fair value charges on acquisition of non-controlling shares and, in the case of earnings, any related tax.

  2. The constant currency movement is calculated by translating the 2019 results at the 2020 exchange rates.

An interview with management covering the Group's performance is available here.

Chief Executive Officer, Rhona Driggs, commented:

"Our results for 2020 demonstrated the resilience of our operating model and the benefits of our diversification by sector and geography. The swift actions we took early in the pandemic helped to protect our profitability. While cost was a key consideration, our focus on the Group's operations did not waiver as we protected, and in several cases accelerated, our key operational initiatives and investments. Early indications of trading in 2021 are positive and although, due to our strong start to last year, adjusted profits for the first half of 2021 are likely to be behind the first half of 2020 we expect for the full year to deliver adjusted profits in line with or better than 2020. We enter 2021 well positioned to exit the pandemic stronger than we entered it and to take advantage of recovery in our markets."

Investor Presentation

In line with Empresaria's commitment to ensuring appropriate communication structures are in place for all sections of its shareholder base, management will deliver an online results presentation open to all existing and potential investors via the Investor Meet Company platform on Thursday 18 March 2021 at 4:15pm UK time.

Questions can be submitted pre-event through the platform or at any time during the live presentation. Management may not be in a position to answer every question it receives but will address those it can while remaining within the confines of information already disclosed to the market.

Q&A responses will be published at the earliest opportunity on the Investor Meet Company platform. Investors can sign up for free here.

Those who have already registered and requested to meet the Company will be automatically invited.

Enquiries:

Empresaria Group plc

Rhona Driggs, Chief Executive Officer

Tim Anderson, Chief Financial Officer

via Alma PR

N+1 Singer (Nominated Adviser and Broker)

Shaun Dobson/James Moat

020 7614 3000

Alma PR (Financial PR)

Sam Modlin

David Ison

020 3405 0205

empresaria@almapr.com

Notes for editors:

  • Empresaria Group plc is a global specialist staffing group offering temporary and contract recruitment, permanent recruitment and offshore recruitment services across 6 sectors: Professional; IT; Healthcare; Property, Construction and Engineering; Commercial and Offshore Recruitment Services.

  • Empresaria operates in 20 countries across the world including the 4 largest staffing markets of the US, Japan, UK and Germany along with a strong presence elsewhere in Asia Pacific and Latin America.

  • Empresaria is listed on AIM under ticker EMR.

For the full announcement click here.

Disclaimer

Empresaria Group plc published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 01:30:03 UTC.


ę Publicnow 2021
All news about EMPRESARIA GROUP PLC
01/18EMPRESARIA : Key trends for employers in 2022
PU
2021FTSE 100 Closes Tuesday Up as Early-Dip Buying Begins
DJ
2021FTSE Rises, Real-Time Indicators Point to Falling GDP in December
DJ
2021London Shares Rise as Risk Appetite Improves
DJ
2021EMPRESARIA : New additions to Senior Leadership Team with Regional CEO appointments
PU
2021EMPRESARIA : Results for the year ended 31 December 2020
PU
2021EMPRESARIA : How recruitment companies can help navigate clients through IR35
PU
2021SPOTLIGHT : Offshore Recruitment Services
PU
2021EMPRESARIA : The clock is ticking again! Off-payroll working rules from 6 April 2021 - ext..
PU
2021EMPRESARIA : Rhona Driggs recognised in Staffing Industry Analyst's Global Power 150 Women..
PU
More news
Financials
Sales 2021 280 M 378 M 378 M
Net income 2021 - - -
Net Debt 2021 20,4 M 27,5 M 27,5 M
P/E ratio 2021 -
Yield 2021 1,20%
Capitalization 40,2 M 54,3 M 54,3 M
EV / Sales 2021 0,22x
EV / Sales 2022
Nbr of Employees 1 764
Free-Float 41,8%
Chart EMPRESARIA GROUP PLC
Duration : Period :
Empresaria Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EMPRESARIA GROUP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 83,00 GBX
Average target price 115,00 GBX
Spread / Average Target 38,6%
Managers and Directors
Rhona Lynne Driggs Chief Executive Officer & Executive Director
Tim Anderson Chief Financial Officer & Executive Director
Anthony Victor Martin Chairman
Charles Kenneth Zachary Miles Independent Non-Executive Director
Penelope Anne Freer Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
EMPRESARIA GROUP PLC0.61%54
RECRUIT HOLDINGS CO., LTD-14.57%78 983
PAYCHEX, INC.-12.99%42 852
TRINET GROUP, INC.-10.08%5 437
BENEFIT ONE INC.-24.11%5 071
TECHNOPRO HOLDINGS, INC.-12.18%2 814