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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 605.00p
Change Today:
4.00p
Market Cap:
1,988.14m
Sector:
Support Services

Page Group profit drops as UK weighs on business

By Sean Farrell

Date: Wednesday 13 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Page Group's fourth-quarter profit fell by a fifth as tough conditions and Brexit uncertainty in the UK weighed on the recruitment company's performance.
Gross profit excluding currency movements dropped 20.2% to 165.5m in the three months to the end of December from a year earlier, the FTSE 250 group said in an update.

Profit fell in all market but the biggest drop was in the UK, Page's second-biggest country market, which suffered a 34% decline. Profit fell 23% in the Americas, 10% in Asia Pacific and 19% in Europe and other markets. Profit fell 20% in France, Page's largest country market.

Performance improved from the previous quarter when group profit fell 32% and UK profit plunged 48%. Page said profit fell by less in each month of the final quarter, dropping 18% as markets such as China and Japan grew.

The Covid-19 crisis and accompanying economic slowdown have hit recruitment of permanent and temporary employees with shifting national lockdowns putting company finances under pressure. The UK is debating whether to tighten lockdown measures to stem coronavirus infections and Chancellor Rishi Sunak said on Tuesday the economy would deteriorate before it gets better.

Page Chief Executive Steve Ingham said: "As we enter 2021, there remains a high degree of global macroeconomic uncertainty in many of our markets, as Covid-19 remains a significant global issue and lockdowns have returned in a number of the group's markets. However, in the UK we are encouraged that the Brexit deal has provided a degree of clarity."

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Pagegroup Market Data

Currency UK Pounds
Price 605.00p
Change Today 4.00p
52 Week High 614.50p
52 Week Low 350.00p
Volume 185,001
Shares Issued 328.62m
Market Cap 1,988.14m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 6
Sell 0
Strong Sell 1
Total 11
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 14-Jun-2021

Time Volume / Share Price
13:43 19 @ 605.00p
13:43 266 @ 605.00p
13:43 275 @ 605.00p
13:43 58 @ 605.00p
13:43 437 @ 605.00p

Pagegroup Key Personnel

CEO Stephen Ingham
CFO Kelvin Stagg