10th Jul 2025 14:35
Norman Broadbent PLC - London-based recruitment firm - Hails a "record" first half of 2025, with net fee income improving 33% on-year to GBP6.0 million. Net fee income is up 30% in the second quarter alone, "maintaining the exceptional momentum from the previous two quarters". Chief Executive Officer Kevin Davidson however notes "a persistently challenging market". Norman Broadbent expects to report half-year underlying earnings before interest, tax, depreciation, and amortisation in the range of GBP750,000 and GBP800,000, jumping from GBP100,000. CEO Davidson says: "I remain optimistic about the company's prospects, particularly noting the increased value of contracted revenue going into Q3 2025, and with our consistent focus on delivering sustainable and profitable growth over the long term."
Fellow recruitment firm PageGroup PLC on Thursday said its gross profit decline worsened in the second quarter of the year amid "ongoing market and tariff-related uncertainty". Gross profit in the second quarter of 2025 was 13% lower on-year at GBP194.8 million.
Current Norman Broadbentstock price: 185.00 pence each, up 28% on Thursday afternoon in London
12-month change: down 59%
By Tom Budszus, Alliance News slot editor
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