Results for the year ended 31st December 2019

Empresaria Group plc (“Empresaria” or the “Group”) Growth in net fee income in a challenging economic environment. Operational improvements building a strong platform for future growth.Empresaria, the global specialist staffing group, reports its final results for the year ended 31 December 2019.Financial Highlights​20192018% change% change (constant currency) *2Revenue£358.0m£366.8m-2%-2%Net fee income£74.5m£72.3m+3%+2%Operating profit£4.0m£10.3m-61%-61%Adjusted operating profit *1£10.4m£12.3m-15%-16%Profit before tax£2.9m£9.4m-69%-69%Adjusted profit before tax *1£9.3m£11.4m-18%-19%Diluted (loss)/earnings per share(1.6)p9.1p-118%​Ajusted diluted earnings per share *18.5p12.1p-30%​Diversified business delivering growth in net fee income+3%, +2% in constant currency37% growth in Offshore Recruitment Services sectorDecline in profits reflecting a challenging economic environment in certain key marketsImpact from engineering business and Brexit uncertainty in the UK, alongside the weakening of the German automotive sectorStrong growth in other marketsOffshore Recruitment Services adjusted operating profit up 88%Stronger Together initiative with a focus on organic growth and operational improvementAligned business around six core sectors to improve collaboration and leverage synergiesIncreased support from central teamInvestment in common technology (e.g. Bullhorn)Evolving operating models in certain brands to enable them to scale more effectivelyCreating a performance based cultureProposed dividend of 2.2p per share, an increase of 10% in line with progressive dividend policyBuilding a strong foundation that will drive future growth and profits*1 - Adjusted to exclude amortisation of intangible assets identified in business combinations, impairment of goodwill, exceptional items, fair value charges on acquisition of non-controlling shares and, in the case of earnings, any related tax.*2 - The constant currency movement is calculated by translating the 2018 results at the 2019 exchange rates.An interview with management covering the results is available here.Chief Executive Officer, Rhona Driggs, commented: “We are pleased to be reporting net fee income growth in a challenging economic environment. These challenges have impacted the bottom line, particularly in our UK engineering business where we have taken the decision to close a substantial part of the operation.Notwithstanding the wider market challenges, we have made great progress in 2019 in implementing operational improvements that will help us build a strong platform for future growth. These are spearheaded by our Stronger Together initiative, which aligns our business around core sectors, enabling us to share common experiences and leverage synergies.We are focused on driving organic growth and have a series of operational improvements and investments under way to deliver this, some of which are already bearing fruit. Our central team is delivering increased levels of support to ensure our businesses benefit from being part of a global group. Additionally, we are investing in technology, including working with Bullhorn to upgrade our front office system, to ensure that we remain competitive in connecting talent with jobs. Our Offshore Recruitment Services sector, which delivered an 88% increase in adjusted profit, will also be a key driver of growth across the Group as we look to make better use of this internal expertise.While we are cognisant of the ongoing economic and market headwinds, particularly the outbreak of coronavirus, we are confident that the positive changes we have made in 2019 and the further changes and investments planned in 2020 leave us well positioned for the longer term.”- Ends –​Enquiries:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PR N+1 Singer (Nominated Adviser and Broker)Shaun Dobson / James Moat020 7614 5900Alma PR (Financial PR)Rebecca Sanders-Hewett, Sam Modlin, David Ison, Hilary Buchanan020 3405 0205empresaria@almapr.com​Notes for editors:Empresaria Group plc is a global specialist staffing group offering temporary and contract recruitment, permanent recruitment and offshore recruitment services across 6 sectors: Professional, IT, Healthcare, Property, Construction and Engineering, Commercial and Offshore Recruitment Services.Empresaria operates in 20 countries across the world including the 4 largest staffing markets of the US, Japan, UK and Germany along with a strong presence elsewhere in Asia Pacific and Latin America.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com​For the full announcement click here.

Empresaria CEO Rhona Driggs included in SIA’s ‘Global Power 150 – Women in Staffing 2019’

Rhona Driggs, Chief Executive Officer of Empresaria Group plc, has been featured in the Staffing Industry Analysts Global Power 150 Women in Staffing, for the fourth consecutive year.Empresaria is delighted to announce that Rhona has once again been recognised for her continued success and positive influence in the staffing industry. Rhona's inclusion in the Global Power 150 Women in Staffing as part of the International 50, is an outstanding achievement for her and for Empresaria. Her status within the industry reflects Empresaria's ambition as a global staffing company.Rhona's impact since joining Empresaria, a UK listed international specialist staffing company, has resulted in a more focused strategy with an emphasis on organic growth and driving efficiencies. She is highly respected by her work colleagues and her talents and skills have been recognised and appreciated by all across Empresaria. With 29 years in the staffing industry, Rhona brings a wealth of experience in leading and growing businesses operating across some of the largest staffing markets in the world.The Global Power 150 Women in Staffing have recently been honoured at the Executive Forum Europe in London on November 19th. The list recognises female influencers and leaders in the global recruitment market space who have driven the industry forward with their unique vision and considerable contributions. "The women named to this year's Global Power 150 list play an important role in bringing value to the workforce solutions ecosystem, elevating not only the bottom line for their organizations but lifting up their teams through a passionate focus on employee development and creation of positive and inclusive cultures in which talent thrives." said Subadhra Sriram, Editor & Publisher, Media Products at SIA.Tim Anderson, CFO of Empresaria, spoke on Rhona's recognition:"Rhona has brought fantastic industry knowledge and insight to Empresaria. We have made real progress in addressing the challenges facing us as a global staffing company and in uniting the Group behind a common cause. Under her leadership we are confident in our ambition to be a leader in the global staffing market."Rhona Driggs, CEO of Empresaria, commented:"To be recognised alongside these industry leaders is a great honour. Thank you to all the incredible people that have supported me over the years, including my peers and the amazing team at Empresaria. I would also like to acknowledge SIA for recognising and celebrating women in staffing around the world."Rhona's profile - 2019 Global Power 150, 2019 International 50About Staffing Industry Analysts (SIA):Founded in 1989, SIA is the global advisor on staffing and workforce solutions. Our proprietary research covers all categories of employed and non-employed work including temporary staffing, independent contracting and other types of contingent labour. SIA's independent and objective analysis provides insights into the services and suppliers operating in the workforce solutions ecosystem including staffing firms, managed service providers, recruitment process outsourcers, payrolling/compliance firms and talent acquisition technology specialists such as vendor management systems, online staffing platforms, crowdsourcing and online work services. We also provide training and accreditation with our unique Certified Contingent Workforce Professional (CCWP) program.

Results for the six months ended 30th June 2019

Empresaria Group plc (AIM: EMR), the international specialist staffing group, announces its unaudited interim results for the six month period ended 30 June 2019.Click here to download: Interim Results for the six months ended 30 June 2019.​For further information contact:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRArden Partners (Nominated Adviser and Broker)Corporate Finance: John Llewellyn-Lloyd / Ciaran WalshEquity Sales: Tim Dainton020 7614 5900Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan020 3405 0205empresaria@almapr.com

Trading Update and Notice of Results 2019

First half net fee income growth and on course to deliver full year adjusted profit before tax in line with market expectations.Empresaria (AIM: EMR), the international specialist staffing group, is pleased to provide a trading update ahead of announcing its interim results on Wednesday 21 August 2019.For the first half the Group has delivered solid net fee income growth of 7%, 6% in constant currency. As part of the Group's Stronger Together initiative, launched in May, brands have been aligned to the Group's core staffing sectors. This will be a key driver in delivering improved results through increased collaboration in "like" businesses, driving operational efficiencies and maximising synergies in each of the sectors. An analysis of net fee income by sector is provided below.Net fee income by sector for the 6 months to 30 June:​£m20192018% change% change (constant currency)*Professional15.614.4+ 8%+ 7%IT6.86.5+ 5%+ 2%Engineering2.22.6- 15%- 15%Commercial9.18.9+ 2%+ 3%Offshore Recruitment Services2.81.8+ 55%+ 55%Intragroup(0.2)(0.2)--Total36.334.0+ 7%+ 6%* The constant currency movement is calculated by translating the 2018 results at the 2019 exchange rates.The Group's Professional sector has shown strong growth, with positive performances overseas and in the UK more than offsetting the adverse impact of Brexit uncertainty on those UK businesses that operate in the financial services and new house sales markets.The Group's IT sector has grown, more than offsetting the challenges of rebuilding the temp base in Japan following the regulatory changes last year.The Group's Engineering sector, which is primarily based in the UK, has struggled in the first half with challenging market conditions and the ongoing impact from Brexit. The business has been restructured with changes to key management and refocused to target the more lucrative white collar part of the market and the Group expects to see improved results starting to come through in the second half of the year.The Group's Commercial sector has a significant presence in Germany where the focus is on rebuilding the temp base following the changes in legislation last year. This has been progressing well but has been offset by the weaker German automotive sector which represents a key market. The Group's investment in July 2018 in the Commercial sector, Grupo Solimano in Peru, contributed £0.9m to net fee income in the period as expected.The Group's Offshore Recruitment Services business in India continues to build on the strong growth of 2018 with another period of significant growth in the first half of 2019. The Group expects this sector to continue to be a strong driver of growth in the future.Adjusted net debt at 30 June 2019 is £18.1m, an increase against the 31 December position of £17.1m. In July the Group invested in additional shares in ConSol Partners for consideration of £3.5m, increasing net debt by this amount.As expected, adjusted profit before tax for the first half is anticipated to be approximately £3.7m (2018: £4.7m) excluding the costs associated with the previous CEO stepping down in June 2019 which have been treated as exceptional. This reflects the lower starting position of businesses in Germany and Japan along with the impact of Brexit uncertainty in the UK and a higher central cost base following the investments made in the second half of 2018. The Board is positive about the prospects for the second half of the year and the Group remains on course to deliver adjusted profit before tax in line with market expectations.Rhona Driggs, CEO of Empresaria, commented:"We have remained focused on efforts to improve organic growth across the Group and as a result our net fee income continues to show improvement. Our sector alignment and continued investment in best in class technology, along with recent actions taken in underperforming businesses, means that we are well placed to continue to drive organic net fee income growth and to improve profitability."Enquiries:​Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRArden Partners (Nominated Adviser and Broker)John Llewellyn-LloydCiaran Walsh020 7614 5900Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan020 3405 0205empresaria@almapr.com​Notes for editors:Empresaria Group plc is an international specialist staffing group with 20 brands operating in 21 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, the Philippines and Peru.Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation services, IT & Design, Professional services, Healthcare, Executive search and Retail.Empresaria applies a multi brand, management equity philosophy and business model, with group company management teams holding significant equity in their own business.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com

AGM Statement and Notice of Results

​Empresaria Group plc ("Empresaria" or the "Group")AGM Statement and Notice of ResultsEmpresaria, the international specialist staffing group, will hold its Annual General Meeting today at 1.00pm. At the meeting the Chairman, Tony Martin, will make the following statement:"The Group has delivered year on year growth in net fee income for the first quarter of 2019. The investment made last year in Grupo Solimano in Peru is performing well and in line with our expectations.The Group is on course to meet market expectations for the full year, with the Group's profit contribution anticipated to be more second half weighted due to the previously highlighted increase in central staff costs, new office openings and our brands in Germany and Japan starting this year from a lower base position.A trading update will be published on 24 July 2019 and interim results for the six months ending 30 June 2019 will be published on 21 August 2019."Enquiries:​Empresaria Group plcSpencer Wreford, Chief Executive OfficerTim Anderson, Group Finance Directorvia Alma PR​Arden Partners (Nominated Adviser and Broker)John Llewellyn-Lloyd / Ciaran Walsh020 7614 5900​Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan​020 3405 0205empresaria@almapr.com​Notes for editors:Empresaria Group plc is an international specialist staffing group with 20 brands operating in 21 countries across the globe being the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, Austria, Hong Kong, Mexico, Philippines and Peru.Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation services, IT & Design, Professional services, Healthcare, Executive search and Retail.Empresaria applies a multi-brand, management equity philosophy and business model, with group company management teams holding significant equity in their own business.Empresaria is listed on AIM under ticker EMR. For more information: www.empresaria.com

Acquisition of non-controlling interest and related party transaction

Empresaria Group plc ("Empresaria" or the "Group")Acquisition of non-controlling interest and related party transactionEmpresaria, the international specialist staffing group, is pleased to announce the cash acquisition of a further 17.5% interest in a subsidiary, ConSol Partners (Holdings) Limited ("ConSol"), taking its total investment to 82.5%. Empresaria has a long-term policy of purchasing non-controlling interests where it sees real value for shareholders and each acquisition is assessed on performance.The shares have been acquired from management shareholders, including Graeme Hubert and Marc Cohen who are directors of ConSol, for total consideration of £3.5m on terms in line with the original acquisition in 2016. The funds will be provided from the Group's existing bank facilities.ConSol is a specialist recruitment business in the IT sector with a focus on niche sectors across communications, cloud and digital. With offices in London, Los Angeles and, from April 2019, Austin, Texas, they work with clients across the world and have placed clients in more than 55 countries.ConSol has performed well since joining the Group and delivered on our expectations. This investment reflects the Group's commitment to its core sectors where it sees high growth potential.Related party transactionThe acquisition of non-controlling interests from Graeme Hubert and Marc Cohen, directors of ConSol, are considered related-party transactions for the purposes of Rule 13 of the AIM Rules for Companies. The directors consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the non-controlling interest acquisition are fair and reasonable in so far as Empresaria's shareholders are concerned.ConSol contributed £2.3m to the adjusted profit before tax of Empresaria in 2018 and the acquisition is expected to be earnings accretive in the current year.Rhona Driggs, Chief Executive Officer of Empresaria, commented:"ConSol has performed strongly since joining the Group in 2016. Operating in one of our core sectors, we see great potential for this business and as such we have continued to invest in the business post acquisition; launching a sub-brand, 4ward Talent, opening a new office in Austin, Texas and now acquiring an increased stake in the business in line with our long-term policy."Enquiries:​Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PR​Arden Partners (Nominated Adviser and Broker)John Llewellyn-Lloyd / Ciaran Walsh020 7614 5900​Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan​020 3405 0205empresaria@almapr.com​​Notes for editors:Empresaria Group plc is an international specialist staffing group with 20 brands operating in 21 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, the Philippines and Peru.Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation services, IT & Design, Professional services, Healthcare, Executive search and Retail.Empresaria applies a multi brand, management equity philosophy and business model, with group company management teams holding significant equity in their own business.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com

ConSol Partners expanding into Austin, Texas

ConSol Partners, part of the Empresaria Group who have established offices in London, Berlin and Los Angeles, have recently opened a new office in Austin, Texas.Entering a new phase of growth in Austin, ConSol Partners are continuing to connect great candidates with top businesses in the area and showing the city what they have to offer as an established and growing staffing solution for the internet supply chain.In bringing their skills and expertise of communications, cloud and digital industries to this new geographical region, they anticipate great success and further growth.Read the full article, or register with ConSol Partners here.

Pharmaceutical Strategies identified as a Premier Partner of TAPFIN for a second year in a row

Pharmaceutical Strategies, part of the Empresaria Group operating across the US, has been identified as a Premier Partner of TAPFIN for a second year in a row.Key areas in which Pharmaceutical Strategies excelled, and thus contributed to the receipt of this prestigious accreditation include areas of efficiency, quality, cost, and risk compliance in the top 50 of all suppliers' performance.The hard work and diligence of those in Pharmaceutical Strategies puts them in the top 4% of all vendors TAPFIN selected in 2018 as our Top Partners.Elisa Ciardiello, CEO of Pharmaceutical Strategies commented:"It has been an honour to work with the Tapfin Teams for the past 11 years. I am proud to announce they have awarded us as a Premier Partner of 2018 for the second year in a row. A Premier Partner is in the top 45 performers who received positive feedback from the Tapfin team. We look forward and are excited to continue our Partnership in 2019. Thank you to Lisa Fox and The Tapfin team!"Please see full press release here.

Results for the year ended 31 December 2018

​Empresaria Group plc("Empresaria" or the "Group")Results for the year ended 31 December 2018Record adjusted profit before tax with a 52% increase in final dividendEmpresaria, the international specialist staffing group, is pleased to report its final results, showing continued delivery on its growth strategy with record adjusted profit before tax and a 52% increase in its dividend.​Financial Highlights​2018​2017​% change​% change (constant currency)​Revenue​£366.8m​£357.1m​+3%​+5%​Net fee income​£72.3m​£69.4m​+4%​+6%​Operating profit​£10.3m​£8.7m​+18%​+21%​Adjusted operating profit*​£12.3m​£11.6m​+6%​+8%​Profit before tax​£9.4 m​£8.1m​+16%​+18%​Adjusted profit before tax*​£11.4m​£11.0m​+4%​+6%​Earnings per share (diluted)​9.1p​7.9p​+15%​​Adjusted diluted earnings per share*​12.1p​12.5p​-3%​​Final dividend​2.0p​1.32p​+52%​​Net fee income of £72.3m up 4%, 6% in constant currencyConversion ratio increased to 17.0% (2017: 16.7%Adjusted diluted earnings per share of 12.1p, down 3% due to profit mixProposed final dividend increased by 52% to 2.0p (2017: 1.32pAdjusted net debt reduced to £17.1m (2017: £19.5m)Operational highlightsContinued to build scale in key target sectors and geographies Investment in Peru finalised in July 2018, to strengthen presence in high potential Latin American marketTwo new offices opened in Asia Pacific region in January 2019Invested in building strength and depth in the central team, including appointment of Chief Operating Officer in November 2018More focused strategy with central support bolstered in areas of technology, training, and marketing to improve productivity of brandsStrong profit growth from IMS (India), Alternattiva (Chile), LMA (UK), ConSol Partners (UK & USA) and Rishworth (New Zealand)Strong platform in place for next phase of growth* adjusted to exclude amortisation of intangible assets identified in business combinations, exceptional items, gain or loss on disposal of businesses, fair value charges on acquisition of non-controlling shares and, in the case of earnings, any related tax.Chief Executive Officer Spencer Wreford said:"We are pleased to be reporting a fourth consecutive year of record adjusted profit before tax. We have also reduced the net debt in the Group which, combined with the strength of our balance sheet and the Board's confidence in the Group's prospects, has allowed us to increase our annual dividend by 52%.In line with our strategy we continue to invest in the Group, with a new brand in Peru joining in July 2018, as we strengthen our presence in the high potential Latin American market. We have also invested in our central team, to provide more support to the growth plans of our brands, with a new Chief Operating Officer, Rhona Driggs, and Group Finance Director, Tim Anderson, joining the board, as well as new staff with responsibilities for technology, training and marketing. Rhona brings with her 28 years of staffing industry experience, while Tim brings significant listed company finance experience. With a strong platform in place, these investments will help us to be more focused in our approach and work more closely with our brands to fully deliver the benefits of being in a Group and to deliver the next phase of growth.Our focus in 2019 is to deliver organic growth and strengthen our core brands. With the quality of the brands in our Group and a more focused strategy, we see good opportunities to generate profitable growth, but we remain mindful of the increasing economic uncertainty arising from political risks."Enquiries:​Empresaria Group plcSpencer Wreford, Chief Executive OfficerTim Anderson, Group Finance Director​via Alma​Arden Partners (Nominated Adviser and Broker)John Llewellyn-Lloyd / Ciaran Walsh​020 7614 5900​Alma PR (Financial PR)Rebecca Sanders-HewettSam ModlinHilary Buchanan​020 3405 0205empresaria@almapr.com​Notes for editors:Empresaria Group plc is an international specialist staffing group with 20 brands operating in 21 countries across the globe being the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia, Vietnam, Austria, Hong Kong, Mexico, Philippines and Peru.Empresaria offers temporary/contract and permanent staffing solutions as well as Offshore Recruitment Services in seven key sectors: Technical & Industrial, Aviation services, IT & Design, Professional services, Healthcare, Executive search and Retail.Empresaria applies a multi-brand, management equity philosophy and business model, with group company management teams holding significant equity in their own business.Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com