21 July 2017
Empresaria Group plc ("Empresaria" or the "Group")
Trading Update and Notice of Results
Record H1 performance
Empresaria (AIM: EMR), the international specialist staffing group, is pleased to provide a trading update ahead of announcing its interim results on Tuesday 22 August 2017.
Empresaria has delivered a record first half performance, with net fee income up approximately 26% on the comparable H1 2016 period, with the strongest trading in the UK, Continental Europe and Asia Pacific regions. As such, the Board confirms that the Group remains on course to meet market expectations for the full year.
In line with the Group's strategy to invest in its leading brands, Empresaria has invested in new staff and is bringing together certain brands. The benefits of both are expected to be demonstrated over the coming period.
Empresaria's recent investments in Rishworth Aviation and ConSol Partners have been integrated into the Group and the Board is pleased with their contributions to date. In Rishworth Aviation, the Group has invested in setting up new bases for key clients that are expected to deliver growth in terms of pilot recruitment in the coming years. At ConSol Partners, the Group has invested in the US office which the Board expects will benefit the business in the second half of the year.
Joost Kreulen, Chief Executive of Empresaria, said:
"Empresaria has delivered strong growth in net fee income in the first half year, which is testament to our strategy of building a multi-branded group that is diversified and balanced by geography and sector.
"We are focused on ensuring that our Group is best positioned for the future, particularly given the political uncertainty in various markets. In light of this we have continued to strengthen our brands and progress initiatives to deliver savings.
"We have a clear strategy to develop leading specialist brands with sector expertise and we continue to look for further investment opportunities. With our diversified business and mix of service lines, we are confident in our ability to deliver profitable growth."
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