Pagegroup PLC
OTC:MPGPF

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Pagegroup PLC
OTC:MPGPF
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Price: 2.82 USD Market Closed
Market Cap: $927.8m

Pagegroup PLC
Investor Relations

PageGroup PLC is a global recruitment firm that helps companies hire permanent, temporary, and contract staff. It works through specialist brands that focus on white-collar jobs in areas like accounting, finance, technology, sales, marketing, engineering, and office support. Its main customers are employers that need to fill roles, and job candidates looking for work through a recruiter. The company makes money by charging recruitment fees when it places candidates with clients, and by earning fees from temporary staffing assignments. In practice, it sits between employers and workers: it sources candidates, screens them, and matches them to open positions, while also helping clients move faster than hiring on their own. What makes PageGroup different is its focus on professional hiring rather than general labor staffing. Its business depends on specialist consultants who know local job markets and specific job functions, which helps it place people in roles where fit matters more than volume. That makes it a services business tied to hiring demand across many industries rather than to one single end market.

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Last Earnings Call
Fiscal Period
Q4 2021
Call Date
Jan 12, 2022
AI Summary
Q4 2021

Record Year: PageGroup reported record gross profit for both Q4 and the full year, with Q4 up 55.1% vs 2020 and 24.2% vs 2019, its previous record.

Strong Markets: All regions saw improvements, with standout growth in Germany, Greater China, Latin America, Southeast Asia, and the U.S., where gross profit grew 41% collectively.

Fee Earner Headcount: The company added 937 fee earners in 2021, returning headcount to pre-pandemic levels.

Productivity Highs: Productivity is at record levels, up 25% on Q4 2019, helped by faster hiring, technology investments, and higher fee rates.

Wage Inflation: Significant wage inflation is observed, especially in the U.S. tech sector (up to 20-25% for job movers), supporting higher fee rates.

Cash Position: Net cash at year-end was around GBP 152 million, higher than anticipated after dividend payments.

2021 Operating Profit: Expected to be marginally above prior guidance of around GBP 165 million.

Positive Outlook: Activity and KPIs remained strong moving into 2022, with no major slowdown despite Omicron.

Key Financials
Gross Profit (Q4)
GBP 246.8 million
Gross Profit (Full Year)
GBP 879.1 million
Net Cash (Year End)
GBP 152 million
Fee Earner Headcount
6,082
Total Headcount
7,838
Dividend Paid
GBP 100.2 million
Permanent Recruitment Growth vs 2019
30.5%
Temporary Recruitment Growth vs 2019
6.9%
Productivity
Up 25% on Q4 2019
Expected 2021 Operating Profit
Marginally in excess of GBP 165 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nicholas Kirk
CEO, Member of the Executive Board & Executive Director
No Bio Available
Mr. Kelvin John Stagg C.M.A.
CFO, Member of Executive Board & Executive Director
No Bio Available
Mr. Patrick Hollard
Chief Customer Officer & Member of the Executive Board
No Bio Available
Mr. Anthony Thompson
CEO of Page Executive & Member of Executive Board
No Bio Available
Mr. Eamon Collins
Chief Marketing & Data Officer and Member of Executive Board
No Bio Available
Ms. Isabelle Bastide
COO of France, Southern Europe, N.A, Latin America, Middle East & Africa and Member of Exec. Board
No Bio Available
Ms. Kaye Maguire
General Counsel, Member of the Executive Board & Company Secretary
No Bio Available
Mr. Nicolas Bechu
COO of Northern & Central Europe, UK & Asia Pacific and Member of the Executive Board
No Bio Available
Ms. Tesselschade van Dijk Naaijkens
Chief People Officer
No Bio Available
Sharmini Wainwright
Senior Managing Director of Australia
No Bio Available

Contacts

Address
SURREY
Weybridge
Page House, 1 Dashwood Lang Road, The Bourne Business Park, Addlestone
Contacts
+442078312000.0
www.page.com
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