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Michael Page omzet 2011: + 22,4 %

Logo Michael Page6 maart 2012

De omzet van Michael Page kwam uit op 1,02 miljard pond (1,13 miljard euro), 22,4 % meer dan in 2010. De winst voor belastingen daalde echter met 14,4 % tot 86,1 miljoen pond.

2011 highlights
– 25% growth in gross profit to a record level of £553.8m
– Benefiting from geographic diversification with growth in all regions
– Continued organic investment with 17 new offices and 3 new country openings in 2011
– Gross profit from permanent placements growing at 28%
– Strong balance sheet with net cash at year end of £58.2m
– Headcount at year end of 5,286, up 17.5% on 2010

Steve Ingham, CEO:
“We are delighted with our performance in 2011, with improved profits being generated from a broad and diverse set of geographies and business streams. The strength of our results reflects our ability to launch organically and grow businesses around the world, whilst maintaining a strong balance sheet. This ensures we are consistent in our strategy of always maintaining our business platform during economic downturns and retaining our most experienced and talented people.”

“As the second half of last year progressed, trading became more challenging as general business confidence fell. All regions in which we operate were impacted, with growth rates slowing, but remaining positive. In the first two months of 2012, with the exception of financial services, we have seen no significant further slowing, and in a number of geographies activity levels have remained strong, increasing Group gross profits by approximately 10%.”

Bron: Michael Page, 6 maart 2012

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