Business
Q4 AND FULL YEAR 2010 TRADING
Q4 AND FULL YEAR 2010 TRADING.
About this update from Pagegroup Plc
[{"type":"text","content":"\n RNS Number : 1332Z Michael Page International PLC 10 January 2011 \n \n\n \n \n10 January 2011\n \nQ4 AND FULL YEAR 2010 TRADING UPDATE\n \n \nGROUP HIGHLIGHTS\n· Q4 gross profit of £119.8m up 32.2% (31.4%*) on Q4 2009\n· 2010 gross profit of £442.1m, an increase of £90.4m or 25.7% (23.8%*) on 2009\n· Continued organic investment in headcount, new offices and country openings\n· Group headcount at 31 December 2010 of 4,498, up 949 (26.7%) on 31 December 2009\n· 2010 operating profit from trading activities is expected to be marginally ahead of the current Reuters consensus of £70.1m (2009 operating profit: £20.2m)\n· 18.7m shares (5.8% of share capital) purchased during the year at a cost of £76.8m. 15m shares placed into the Employee Benefit Trust and 3.7m cancelled\n· Net cash at 31 December 2010 in the region of £82m (31 December 2009: £137.2m)\n \nREGIONAL / DISCIPLINE HIGHLIGHTS\n· EMEA (44% of Group) Q4 gross profit of £52.8m up 25.0% (29.8%*) on Q4 2009\n· UK (26% of Group) Q4 gross profit of £30.7m up 15.7% on Q4 2009\n· Asia Pacific (17% of Group) Q4 gross profit of £20.7m up 69.3% (54.0%*) on Q4 2009\n· Americas (13% of Group) Q4 gross profit of £15.6m up 61.7% (52.5%*) on Q4 2009\n· Permanent (78% of Group) Q4 gross profit of £93.1m up 40.3% (39.0%*) on Q4 2009\n· Temporary (22% of Group) Q4 gross profit of £26.7m up 10.0% (10.6%*) on Q4 2009\n \n* Denotes where overseas results denominated in foreign currencies have been translated at constant rates of exchange for constant currency illustrative purposes.\n \nCommenting on the fourth quarter trading, Steve Ingham, Chief Executive said:\n \n\"I am delighted to report another strong quarter of organic growth in year-on-year gross profit, up 32%, with all regions improving. Most of...