Business
Fourth Quarter and Full Year 2015 Trading Update
Fourth Quarter and Full Year 2015 Trading Update.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \nRNS Number : 5171L Michael Page International PLC 12 January 2016 \n\n \n12 January 2016\n \n \nFOURTH QUARTER AND FULL YEAR 2015 TRADING UPDATE\n \nQ4 Gross profit growth of 5.3% at constant currency, 9.2% for the full year\n \nQ4 Highlights*\n \n· 5.3% Group gross profit growth\n· Strong performance from EMEA +10.3%; with Germany +12% \n· Tougher trading conditions in Asia Pacific -1.3% and the UK +2.1%\n· North America +23%, with US +27%\n· New operating system rolled out to 85% of fee earners; will complete in 2016\n· Net cash of c. £93m\n \nFull Year Results\n· Group gross profit of £555.9m, constant currency growth +9.2%, a record year for the Group \n· FX lowered reported gross profit by c. £26m and operating profit by c. £4m\n· Increase of 206 fee earners (+4.8%), ratio to operational support staff at record 77:23\n· Operating profit expected to be broadly in line with current market consensus**, representing growth of c. 20% in constant currency\n \n * in constant currencies\n** Company compiled consensus of £91.0m\n \nQ4 GROSS PROFIT ANALYSIS\n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nQ4 2015\n\n\nQ4 2014\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n41%\n\n\n55.8\n\n\n55.0\n\n\n+1.6%\n\n\n+10.3%\n\n\n\n\nUK \n\n\n27%\n\n\n36.2\n\n\n35.5\n\n\n+2.1%\n\n\n+2.1%\n\n\n\n\nAsia Pacific\n\n\n18%\n\n\n24.8\n\n\n26.2\n\n\n-5.5%\n\n\n-1.3%\n\n\n\n\nAmericas\n\n\n14%\n\n\n18.8\n\n\n19.6\n\n\n-4.1%\n\n\n+5.4%\n\n\n\n\nTotal\n\n\n100%\n\n\n135.6\n\n\n136.3\n\n\n-0.5%\n\n\n+5.3%\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPermanent \n\n\n74%\n\n\n100.9\n\n\n101.9\n\n\n-1.0%\n\n\n+4.9%\n\n\n\n\nTemporary\n\n\n26%\n\n\n34.7\n\n\n34.4\n\n\n+1.0%\n\n\n+6.2%\n\n\n\n\n \n \nFULL YEAR GROSS PROFIT ANALYSIS\n \n\n\n\n\n \n\n\n \n\n\nReported (£m)\n\n\nConstant\n\n\n\n\nYear-on-year \n\n\n% of Group \n\n\nFY 2015\n\n\nFY 2014\n\n\n%\n\n\n%\n\n\n\n\nEMEA \n\n\n39%\n\n\n216.8\n\n\n212.0\n\n\n+2.3%\n\n\n+11.8%\n\n\n\n\nUK \n\n\n27%\...