STAFFLINE GROUP PLC (STAF) — Audited Results for the year ended 31 December 2024

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the STAFFLINE GROUP PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via 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's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand you over to Albert Ellis, CEO. Good morning, sir. Many many thanks, and welcome, everybody. Thank you for giving up your time this morning to come to the investor results for 2024 for the STAFFLINE GROUP. You've got myself, Albert Ellis, the chief executive officer, and I'm joined by Daniel Quint, my chief financial officer. So without further ado, let's go straight into the highlights. As you can see, the main the main point of this morning was to confirm the results of last year, which we preannounced in a preclosing trade preclose trading statements, highlighting that the business in terms of hours was up 10% in the year compared to the prior year. So a really strong performance in hours, and this was mainly driven by new business. This was in the food distribution, essential logistics, and food distribution networks where we're providing mainly blue blue collar labor. Interestingly, perm revenue was up too, and this is against the background of a very weak recruitment market. But once again, through a strategy that's been implemented to target perm revenue increases where there's where it's possible, I'm so pleased that we were able to lift perm ...