24th Jul 2025 16:59
(Alliance News) - Empresaria Group PLC on Thursday said it expects full-year trading to meet its expectations as it posted weaker interim net fee income amid a "challenging" industry environment.
Empresaria is a Crawley, England-based staffing provider in the professional, IT, healthcare, property and commercial sectors.
The company said net fee income fell 7.5% to GBP23.4 million in the six months to June 30 from GBP25.3 million a year earlier, where it had fallen 15% from GBP29.7 million the year before.
Empresaria attributed the decline to the impact of 2024 exits and foreign exchange movements.
"The economic environment for the staffing industry remained challenging throughout the first half of 2025 and is now expected to remain so for the rest of the year," said the company.
Shares in the staffing provider closed down 14% at 21.50 pence on Thursday in London.
It expects half-year net fee income to edge up by 0.1% at constant currency on a like-for-like basis.
It also noted good progress with US net fee income in its first half, rising 38% and with Offshore Services up 11%, at constant currency and on a like-for-like basis.
Looking ahead, Empresaria expects its full-year results to align with its expectations.
Chief Executive Rhona Driggs said: "I'm encouraged by our progress in the first half of 2025, delivering a return to year-on-year net fee income growth in Q2 which also showed good growth over Q1. I am also pleased with progress on profits which are supported by our strong cost control and the benefit from 2024 exits.
"While the macroeconomic environment remains uncertain, our performance in H1 reinforces our confidence for the remainder of the year."
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Empresaria Group