Empresaria Group PLC - Crawley, England-based recruitment company - Says challenging market conditions have continued into the fourth quarter, and are expected to persist into the first half of 2024. "The most significant impact has been on permanent recruitment throughout the year, and we are now seeing clients deferring hiring decisions and/or start dates until the new year," it explains. It now expects adjusted pretax profit to be between GBP3.0 to GBP3.5 million. This is down sharply from its May forecast of about GBP7.0 million, and would be around a third of the GBP9.0 million achieved in 2022. Looking ahead, says it has increased its focus on "simplifying the group and how we operate while maintaining strong control over costs".
Current stock price: 31.50 pence, down 21%
12-month change: down 44%
By Sabrina Penty, Alliance News reporter
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Empresaria Group (EMR)