23rd Jan 2019 11:14
LONDON (Alliance News) - Empresaria Group PLC on Wednesday said it expects to report single-digit profit growth in 2018 helped by strong performance in the UK, Asia Pacific, and Americas.
The recruitment company said for the year to the end of December 2018 it has delivered profit in line with current market expectations.
Empresaria expects to deliver a 4% year-on-year increase in both net fee income and adjusted pretax profit, with growth seen in three out of four regions, the UK, Asia Pacific and Americas.
This helped offset expected weaker results from Germany and Japan, where profitability was hit by changes to temporary worker legislation.
However, due to the mix of profit across brands with different non-controlling interests, the company now expects diluted adjusted earnings per share to be slightly lower than the prior year.
"We have a clear vision to be a leading, international, specialist staffing group, and are confident we have a plan in place to deliver on this," said Chief Executive Spencer Wreford.
Empresaria shares were trading 4.1% lower on Wednesday at 64.25 pence each.
The company plans to report its 2018 results on March 13.
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