Business
Results for the year ended 31 December 2024
Results for the year ended 31 December 2024.
About this update from Empresaria Group Plc
[{"type":"text","content":"\n\n27 March 2025\n \nEmpresaria Group plc\n(\"Empresaria\" or the \"Group\")\n \nResults for the year ended 31 December 2024\n \n \nEmpresaria, the global specialist staffing group, reports its results for the year ended 31 December 2024.\n \nFinancial highlights\n\n\n\n\n\n\n\n \n2024\n\n\n \n2023\n\n\n \n% change\n\n\n% change CC LFL2\n\n\n\n\nRevenue\n\n\n£246.2m\n\n\n£250.3m\n\n\n-2%\n\n\n+5%\n\n\n\n\nNet fee income\n\n\n£50.4m\n\n\n£57.5m\n\n\n-12%\n\n\n-6%\n\n\n\n\nAdjusted operating profit1\n\n\n£3.8m\n\n\n£5.1m\n\n\n-25%\n\n\n-21%\n\n\n\n\nOperating (loss)/profit\n\n\n£(3.6)m\n\n\n£1.7m\n\n\n-312%\n\n\n\n\n\n\n\nAdjusted profit before tax1\n\n\n£2.2m\n\n\n£3.5m\n\n\n-37%\n\n\n\n\n\n\n\n(Loss)/profit before tax\n\n\n£(5.2)m\n\n\n£0.1m\n\n\nn/a\n\n\n\n\n\n\n\nAdjusted, diluted (loss)/earnings per share1\n\n\n(1.0)p\n\n\n0.6p\n\n\n-267%\n\n\n\n\n\n\n\nDiluted (loss)/earnings per share\n\n\n(21.2)p\n\n\n(5.9)p\n\n\n-259%\n\n\n\n\n\n\n\n \n\n\n\n\n1\n\n\nAdjusted to exclude amortisation of intangible assets identified in business combinations, impairment of goodwill and other intangible assets, exceptional items, loss on sale of subsidiaries, fair value charges on acquisition of noncontrolling shares and, in the case of earnings, any related or exceptional tax.\n\n\n\n\n2\n\n\nCC LFL - Constant currency and excluding exited operations. Calculated by translating the 2023 results at the 2024 exchange rates and excluding the results of operations exited in 2023 and 2024 from both years.\n\n\n\n\n \n\n\n\n\n· \n\n\nNet fee income down 6% CC LFL (reported figure down 12% to £50.4m)\n\n\n\n\n\n\n\no \n\n\nReductions in net fee income across all regions bar Americas which delivered growth of 5% CC LFL\n\n\n\n\n\n\n\no \n\n\nTemporary and contract net fee income growth of 2% (CC LFL)\n\n\n\n\n\n\n\no \n\n\nPermanent placement continues to be challenging with net fee income reducing by 21% (CC LFL)\n\n\n\n\n\n\n\no \n\n\nOffshore Services net fee income reduced by 6% (CC LFL)\n\n\n\n\n· \n\n\nAdjusted operating profit down 25% to £3.8m - reduction in net fee income partially offset by cost reductions\n\n\n\n\n· \n\n\nAdjusted profit before tax down 37% to £2.2m - net interest unc...