EMPRESARIA GROUP PLC (EMR) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the EMPRESARIA GROUP PLC Interim 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 received during the meeting itself and will not be answering questions regarding the offer. The company can review your 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, Rona Driggs. Good morning. Thank you, and good morning. And thank you all for joining us this morning for our interim results presentation. I'll take a few minutes to walk you through some key financial metrics for the first half and provide a bit of color behind the numbers. We saw a return to growth in net fee income in half one underpinned by steady progressive improvement across the half. On a constant currency like for like basis, net fee income was up 0.1% year on year, modest growth but an encouraging signal particularly given macro pressures in some of our markets. The headline growth was driven by strong performance in our core operations, most notably The US, which delivered a 38 year on year increase in net fee income, alongside offshore services who performed well with net fee income up 11%. These gains helped more than offset a 9% decline in The UK, which remains a difficult operating environment. Importantly, we delivered year on year growth in q two with net fee income up 2%. This reversed the 1.9% decline we saw in Q1, bringing us back into po...