Business
FOURTH QUARTER AND FULL YEAR 2020 TRADING UPDATE
FOURTH QUARTER AND FULL YEAR 2020 TRADING UPDATE.
About this update from Pagegroup Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4653L\n PageGroup plc\n 13 January 2021\n \n \n \n \n \n 13 January 2021\n \n \n PageGroup plc\n \n \n \n \n \n FOURTH QUARTER AND FULL YEAR 2020 TRADING UPDATE\n \n \n \n \n \n Q4 Results Summary*\n \n \n \n \n \n · \n Group gross profit of £165.5m, -20.2% (Q3: -31.9%)\n \n \n · \n Monthly sequential improvement through the quarter, exiting in December at -18.2%\n \n \n · \n Large, High Potential markets (34% of Group) -17%\n \n \n · \n EMEA -18.6%: France -20%; Germany -13%\n \n \n · \n Asia Pacific -10.2%: Greater China -10%; SE Asia -13%; Japan +18%\n \n \n · \n Americas -23.2%: US -31%; Latin America -13%\n \n \n · \n UK -34.2%: Michael Page -31%; Page Personnel -43% \n \n \n · \n Strong cash position, net cash of c. £165m (Q3 2020: £152m, Q4 2019: £98m)\n \n \n · \n Reduction in fee earner headcount of 78 in Q4\n \n \n · \n Fee earner headcount reduced by a net 882 (15%) for the year, with recent joiners or those on performance review leaving, partially offset by the hiring of c. 400 experienced fee earners \n \n \n \n \n \n * In constant currencies except where stated otherwise\n \n \n \n \n \n Q4 GROSS PROFIT ANALYSIS\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Reported (£m)\n \n \n \n \n Constant\n \n \n \n \n \n \n Year-on-year \n \n \n \n \n % of Group \n \n \n \n \n Q4 2020\n \n \n \n \n Q4 2019\n \n \n \n \n %\n \n \n \n \n %\n \n \n \n \n \n \n EMEA \n \n \n \n \n 53%\n \n \n \n \n 87.7\n \n \n \n \n 103.5\n \n \n \n \n -15.2%\n \n \n \n \n -18.6%\n \n \n \n \n \n \n Asia Pacific\n \n \n \n \n 20%\n \n \n \n \n 34.0\n \n \n \n \n 37.4\n \n \n \n \n -9.0%\n \n \n \n \n -10.2%\n \n \n \n \n \n \n Americas\n \n \n \n \n 14%\n \n \n \n \n 22.8\n \n \n \n \n 32.3\n \n \n \n \n -29.6%\n \n \n \n \n -23.2%\n \n \n \n \n \n \n UK \n \n \n \n \n 13%\n \n \n \n \n 21.0\n \n \n \n \n 31.9\n \n \n \n \n -34.2%\n \n \n \n \n -34.2%\n \n \n \n \n \n \n Total\n \n \n \n \n 100%\n \n \n \n \n 165.5\n \n \n \n \n 205.1\n \n \n \n \n -19.3%\n \n \n \n \n -20.2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Permanent \n \n \n \n \n 73%\n \n \n \n \n 121.3\n \n \n \n \n 150.6\n \n \n \n \n -19.5%\n \n \n \n \n -20.0%\n \n \n \n \n \n \...