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Prices & Quotes - UK Markets - Pagegroup (PAGE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 596.50p
Change Today:
31.00p
Market Cap:
1,960.21m
Sector:
Support Services

Page Group shares jump on upbeat outlook

By Sean Farrell

Date: Friday 09 Apr 2021

LONDON (ShareCast) - (Sharecast News) - PageGroup jumped to their highest value in two and a half years after the recruitment group said improving trading made it more confident about the outlook.
Gross profit for the three months to the end of March rose 2% to 184.2m a year earlier and performance improved throughout the period, the recruitment group said in an update. Profit at constant currency fell 9.9% compared with the first quarter of 2019.

In March, gross profit was 31% higher than a year earlier and 2% lower than in 2019. Page said the improving trend meant it was more confident about the outlook and predicted annual operating profit between 90m and 100m. Operating profit was 17m in 2020 and 146.7m in 2019.

Page shares rose 10.3% to 551.5p - their highest price since October 2018 - at 08:32 GMT.

First-quarter profit rose 5.1% in Europe, the Middle East and Africa - which makes up half of profit - and 14.8% in Asia Pacific. Profit fell 13.5% in the Americas and 11% in the UK.

Gross profit rose 15% in Germany, 19% in Italy and 18% in Spain during March from a year earlier and in France profit fell 7%. Page said these were record months in those markets.

Steve Ingham, chief executive, said: "Year-on-year results in each of the three months of the first quarter improved sequentially, continuing the monthly trend since May last year. Significantly, our performance in March was down just 2% on 2019. This noticeable improvement in March was seen throughout the group and was achieved despite the backdrop of continued and increasing restrictions or lockdowns in many of our markets."





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Pagegroup Market Data

Currency UK Pounds
Price 596.50p
Change Today 31.00p
52 Week High 598.00p
52 Week Low 338.80p
Volume 1,359,299
Shares Issued 328.62m
Market Cap 1,960.21m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 6
Sell 0
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pagegroup Dividends

  Latest Previous
  Special Interim
Ex-Div 05-Sep-19 05-Sep-19
Paid 09-Oct-19 09-Oct-19
Amount 12.73p 4.30p

Trades for 07-May-2021

Time Volume / Share Price
16:35 252,573 @ 596.50p
16:29 75 @ 596.00p
16:29 98 @ 596.00p
16:29 8 @ 596.00p
16:29 93 @ 596.00p

Pagegroup Key Personnel

CEO Stephen Ingham
CFO Kelvin Stagg