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Pin to quick picksEmpresaria Group Share News (EMR)

Share Price Information for Empresaria Group (EMR)

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Empresaria warns on profits after German ruling

Thu, 08th Sep 2011 07:31

Recruitment firm Empresaria has swung into the red and issued a profit warning after experiencing a tougher environment in Germany, its biggest market.Reported loss before tax was £1.9m in the first half of 2011, versus a profit of £2.3m the year before. Adjusted profit before tax, which excludes amortisation of intangible assets, exceptional items and movements in the fair values of put and call options, more than halved to £1.2m from £2.6m the year before. Revenue was slightly up from £104.4m to £105.2m, but this was offset by rising sales and administrative costs. Revenue from permanent placements increased by 26% from the year before but temporary staffing revenues decreased by 1% year-on-year.Net debt at the end of June stood at £8.5m, up from £7.6m a year earlier. Chief Executive Miles Hunt said: "Overall, group performance in the period did not meet our expectations. The group faced unexpected challenges in the period, particularly the impact of the earthquake and tsunami in Japan and, of greater short term financial consequence, the adoption of new collective labour agreements in Germany following court rulings which required us to increase pay rates to temporary workers as well as incur substantial one-off legal costs."The gross margin reduction experienced in Germany is being partially reversed through price increases and further compensated for by cost reductions, although it is taking longer to fix than initially anticipated, Hunt admitted. Empresaria is expecting a stronger trading performance from its German operations in the second half, but the group's full year profits before exceptional provision are expected to be lower than current market forecasts. As per usual, the company is not recommending payment of an interim dividend.
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5 Sep 2013 12:25

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Empresaria ups profit despite falling revenue

Specialist staffing group Empresaria posted a fall in revenue and net fee income for the half year, hit by a decline in the Continental Europe region. Revenue decreased 2% to £95.6m (June 2012: £97.8m), with permanent revenue up 7% and temporary staffing revenues down 3% year-on-year. Adjusted (

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21 Jun 2013 11:31

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25 Apr 2012 16:34

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21 Mar 2012 14:20

Small caps round-up: Empresaria, Camco, ECR Minerals

Pre-tax profit at recruitment firm Empresaria slumped by 71% from £6.5m to £1.9m in 2011. The major reason for this was lower profits in Germany, where new collective bargaining agreement required the group to raise pay rates for some of its temporary works and to incur significant legal fees. Meanw

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31 Jan 2011 11:24

Small caps round-up: Air Partner, Gemfields, Regenersis...

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10 Jun 2010 10:06

MARKET TALK: Merchant John East Ups Empresaria Forecasts

0906 GMT [Dow Jones] Merchant John East ups its earnings forecasts for recruiter Empresaria Group PLC (EMR.LN) on the back of a cautiously positive AGM statement. Increases the pretax profit and earnings per share forecasts for 2010 to GBP5.3M and 6.1p from GBP4.5M and 4.8p, respectively. Ups 2011 f

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8 Jun 2010 11:30

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Small caps round-up: Ceres Power, Empyrean, Fortune Oil...

Ceres Power's interim loss grew to £5.9m from £3.3m a year earlier as revenue slumped 39%, blamed on the £2m Alpha milestone completion payment from British Gas last June being recognised as revenue when earned, based on costs incurred over the Beta and Gamma phases. Brian Count, chairman of the UK

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21 Jan 2010 11:40

Round-up: Wincanton, Empresaria, Xaar...

Haulier Wincanton says operating profit held up well between October and January, though, as previously flagged, pre-tax profit for the year to 31 March 2010 is expected to be below the results reported last year. Higher finance costs following a refinancing are the reason. 'The continuing strength

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Small caps round-up: Empresaria, Avon Rubber, InterBulk, Dialight, India Hospitality, Shanta Gold, Cryptologic

Empresaria, the international staffing group, saw revenues for the current financial year to April, excluding discontinued operations, fall 4% on the same period in 2008 and net fee income down 22%. "These volume reductions are driven largely by reductions in permanent fee income levels (34% down a

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