Norman Broadbent PLC - London-based recruitment firm - Expects higher half-year net fee income as it sees its executive search arm surging. Anticipates revenue GBP3.3 million in the first half of 2022, up 20% from GBP2.7 million a year ago. Expects executive search to grow 29% to GBP2.6 million from GBP2.0 million. However, interim management is set to fall 5.2% to GBP715,000 from GBP752,000.
Expects earnings before interest, tax, depreciation and amortisation in the half-year to jump to between GBP40,000 and GBP60,000 from GBP6,000 a year ago.
"We are delighted with the progress the entire business has made and that this is quickly translating into improved financial performance whilst we continue to invest heavily in growth and business transformation," says Chief Executive Officer Kevin Davidson.
Current stock price: 6.25 pence, up 2.0% on Monday
12-month change: down 17%
By Tom Budszus; tombudszus@alliancenews.com
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Norman Broadb (NBB)