Pagegroup Plc (MPGPF) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Pagegroup Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.900 -- 00:00:06.441 Good morning everyone and welcome to the Page Group 2026 second quarter trading update. 00:00:06.441 -- 00:00:09.122 I'm Kelvin Stagg, Chief Financial Officer. 00:00:09.122 -- 00:00:13.182 On the call with me is Nick Kirk, Chief Executive Officer. 00:00:13.182 -- 00:00:17.443 Although I will not read it through, I'd just like to make reference to the legal formalities 00:00:17.443 -- 00:00:21.584 that are covered in the cautionary statement in the appendix to this presentation and 00:00:21.584 -- 00:00:26.025 which will also be available on our website following the call. 00:00:26.025 -- 00:00:30.366 Despite ongoing challenging market conditions, The group produced a good performance 00:00:30.366 -- 00:00:31.887 in Q2. 00:00:31.887 -- 00:00:37.552 Q2 gross profit was 197.6 million pounds, a decline of 0.2% 00:00:37.552 -- 00:00:39.573 in constant currencies. 00:00:39.573 -- 00:00:43.596 For the first half, we delivered gross profit of 385.2 00:00:43.596 -- 00:00:46.678 million pounds, a decline of 2.4% 00:00:46.678 -- 00:00:48.900 in constant currencies. 00:00:48.900 -- 00:00:54.164 We reduced our Fiona headcount by 80, or 1.6% during Q2, 00:00:54.164 -- 00:00:59.672 mainly in France and Northern Europe. Overall, the group ended the quarter with 4,914 00:00:59.672 -- 00:01:01.573 fee earners 00:01:01.573 -- 00:01:04.113 and a total headcount 00:01:04.554 -- 00:01:06.434 of 6,679. 00:01:06.434 -- 00:01:11.036 Despite the challenging conditions, gross profit per fee earner and measure of productivity 00:01:11.036 -- 00:01:16.017 remained high and grew 5% versus Q2 2025. 00:01:16.017 -- 00:01:21.179 In line with expectations and having paid out the 2025 final dividend of around £10 00:01:21.179 -- 00:01:26.261 million in June, net deb...