Interim turnaround at Empresaria

Recruitment group Empresaria expects to beat market forecasts after turning first-half losses into £2.3 million interim pre-tax profits.

The Crawley-based company increased turnover 20 per cent to £108.2 million in the six months to June, with permanent staffing revenue up 54 per cent and temporary staffing revenue ahead 19 per cent.

AIM-quoted Empresaria, which grew its overseas net fee income to 66 per cent of the total, highlights strong improvements in Germany (on the temporary side) and developing Asian markets. Chief executive Miles Hunt says the company’s strategy has been to develop temporary staffing operations, ‘which are generally more stable than permanent recruitment’, and particular fields with perceived strong growth potential, such as outsourcing in India and corporate training and ‘e-learning’ in south-east Asia.

According to Hunt, Empresaria, which ended June with £5.5 million cash, is experiencing strong trading in the third quarter and anticipates full year results ‘ahead of market expectations’.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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