EMPRESARIA GROUP PLC (EMR) — Full Year Results Webinar

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the EMPRESARIA GROUP PLC full year results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Ronald Driggs. Good morning to you. Hello. Thank you so much for joining us today. Good morning. Good afternoon, everyone. We wanted to cover today the, full year results for 2,023. We, on the agenda first is the we'll give you a brief overview and strategy update. We'll go into some financials, operating review, and finally close out with the outlook. So please, please feel free to put questions at the question box, and we will attempt to answer as many as possible. So first, to give you a quick overview, obviously, the staffing sector experienced a a pretty challenging 2023, and we were no exception. Market conditions, were not great throughout pretty much the the the whole of our markets and our sectors, across the group. Permanent placement was hit the hardest, down 25%. Overall, we we saw a reduction in our tempering contract of 10%. The overall reduction year on year was 12% on NFI, And our offshore services performed quite well, and we'll talk about that a little bit more in in the coming slides. But that actually saw growth of 8% proving its strength and resilience. Our adjusted operating p...