Results for the year ended 31 December 2021

Empresaria Group plc (“Empresaria” or the “Group”)Results for the year ended 31 December 2021Strong net fee income growth and 65% increase in profit, benefiting from the Group’s diversification​Empresaria, the global specialist staffing group, reports its unaudited preliminary results for the year ended 31 December 2021.​Highlights​20212020% change% change (constant currency)*2Revenue£258.4m£256.5m+1%+4%Net fee income£59.5m£54.0m+10%+14%Opertaing profit/(loss)£6.7m£(1.0)m+770%​Adjusted operating profit*1£9.3m£6.2m+50%+60%Profit/(loss) before tax£6.0m£(2.0)m+400%​Adjusted profit before tax*1£8.6m£5.2m+65%​Diluted profit/(loss) per share4.5p(6.2)p+173%​Adjusted diluted earnings per share8.6p4.1p+110%​​Progressive growth in net fee incomeH2 up 21% on prior year (up 26% in constant currency)Full year up 10% to £59.5m (up 14% in constant currency)Strong growth in profitsAdjusted profit before tax up 65% to £8.6mAdjusted, diluted earnings per share up 110% to 8.6p, slightly ahead of 2019Benefits from diversification by geography and sector demonstrated againRecord net fee income and profit in Healthcare and Offshore Recruitment Services sectorsStrong growth in profits in Professional and ITMore than offsetting challenges in aviation and logisticsStrategic and operational investments acceleratedInvestment in new regional structure and senior leadershipMore than half the Group live on our common front office platform with nine more locations added in the yearIncreased working capital requirements resulted in a £0.4m increase in adjusted net debt to £14.0mProposed dividend of 1.2p per share, an increase of 20%​*1 Adjusted to exclude amortisation of intangible assets identified in business combinations, impairment of goodwill and other intangible assets, 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 2020 results at the 2021 exchange rates.​Chief Executive Officer, Rhona Driggs, commented:“We are pleased to have delivered 65% growth in profit and progressive growth in net fee income, again supported by our diversity by both geography and sector. The shift from recovery mode to growth mode has enabled us to continue to make significant investments in the future of the Group both in our leadership team and our technology.Our teams around the world have done an incredible job of navigating the pandemic in 2021 and I am proud of their continued resilience and commitment. We have made great progress with our Stronger Together initiatives, which are aimed at driving greater synergies and collaboration across the Group and it is particularly pleasing to see the impact this has had on our culture. Testament to this is our recent award of 3rd place in the ‘Top 100 Staffing Firms to Work For in 2022’ at the World Staffing Summit.I also want to acknowledge the devasting events unfolding in Ukraine. Our heartfelt thoughts go out to all the people in Ukraine. We are actively looking at ways in which our businesses can contribute to helping those impacted by the conflict. It is too early to know how the developing situation will affect the global economy. We are not experiencing any significant direct impact at present as we do not have operations in either Russia or Ukraine.We look forward to the year ahead with optimism. Our steadfast focus on our strategic initiatives along with the investments we have made leave us well positioned for growth and we are confident on demonstrating this potential in 2022.”​Investor presentationIn line with Empresaria’s commitment to ensuring appropriate communication structures are in place for all sections of its shareholder base, management will deliver an online results presentation open to all existing and potential investors via the Investor Meet Company platform on Thursday 17 March 2022 at 12:30pm UK time.Investors can sign up for free via: https://www.investormeetcompany.com/empresaria-group-plc/register- investor.Questions can be submitted pre-event through the platform or at any time during the live presentation. Management may not be in a position to answer every question it receives but will address those it can while remaining within the confines of information already disclosed to the market.Q&A responses will be published at the earliest opportunity on the Investor Meet Company platform. Those who have already registered and requested to meet the Company will be automatically invited. ​Enquiries:Empresaria Group plc via Alma PR Rhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial OfficerSinger Capital Markets (Nominated Adviser and Broker) 020 7614 3000 Shaun DobsonJames MoatAlma PR (Financial PR) 020 3405 0205, empresaria@almapr.comRebecca Sanders-Hewett Sam ModlinHilary BuchananDavid Ison​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 from locations across the world including the 5 largest staffing markets of the US, Japan, UK, Germany and Australia along with a strong presence elsewhere in Asia Pacific and Latin America.Empresaria is listed on AIM under ticker EMR. For more information visit empresaria.com.​For the full announcement, click here. ​

Empresaria CEO, Rhona Driggs, publishes new book ‘Together We Rise’ alongside 14 female industry leaders

​Empresaria CEO, Rhona Driggs, has joined forces with 14 female leaders in the staffing sector to release Together We Rise; a collection of stories recounting pivotal life and career moments, including the struggles to rise up, and stand out in an industry with too few women at its highest ranks.Officially launched yesterday (8th March), to coincide with International Women’s Day, the book emphasises the Power of Women Supporting Women to Achieve Equality. Together We Rise exemplifies the power of women supporting women. It is the brainchild of an informal group of staffing industry leaders who came together during the pandemic and formed The Lady Leaders Book Club. They were united by a shared passion to lift up other women and fuelled by the undercurrent of the unknown at the start of the COVID-19 pandemic. In coming together, they found ways to guide and support each other as they all navigated their new normal.Rhona Driggs said: ‘It has been a great honour to write this book alongside a group of such inspirational and powerful female leaders. We each have our own story to tell, but it is only when we come together that we can create the greatest impact and show the next generation of female leaders anything is possible. Together we really can make a difference.’​Together We Rise is available now on Amazon. Initial proceeds of the book will support the American Staffing Association’s Women in Leadership Scholarship.​Together We Rise recounts the uplifting journeys of these 15 trailblazers:Joanie Bily, President, RemX Staffing & Chief Workforce Analyst, EmployBridgeKelly Boykin, Senior Vice President, Global Alliances, AquentSue Burnett, Founder & President, Burnett Specialists & Choice SpecialistsKendra Cato, Director Enterprise Strategy, BullhornUrsula Williams, COO, Staffing Industry AnalystsBeth Delano, COO, Paramount StaffingRhona Driggs, CEO, Empresaria Group plcAnna Frazzetto,Chief Digital Technology Officer, TentialEricka Hyson, President, WorkNLauren B. Jones, Founder & CEO, Leap Consulting SolutionsJanette Marx, CEO, AirswiftRobin Mee, President & Founder, MeeDerbyKimberly Pope, COO, WilsonHCGJoyce Russell, President, Adecco Group US FoundationLeslie Vickrey, Founder & CEO, ClearEdge Marketing

Empresaria Group awarded 3rd place in the ‘Top 100 Staffing Firms to Work For in 2022’

​Empresaria has been awarded 3rd place in the ’Top 100 Staffing Firms to Work For in 2022’, by Candidate.ly (the client portal for Bullhorn) in coordination with the World Staffing Summit.The Top 100 Staffing Firms to Work For, is voted for by employees and the public and this year’s winners were announced during the World Staffing Summit on January 28th. In total 556 companies were nominated in 2022 and 3995 votes were cast for the top 10 companies.With a headcount of 2,700, Empresaria operates across 6 sectors from 19 country locations worldwide.The Group’s ‘Stronger Together’ initiative introduced in 2019 has focused on building a culture of collaboration across what was traditionally a siloed collection of brands.Through group wide initiatives, such as DE&I, training and leadership programmes, relationships have been built across brands allowing the Group to deliver a more centralised customer experience across a large global geographical footprint and diverse businesses.The personal development of employees has benefitted hugely from the perspective and expertise of others within the Group. Being part of Empresaria not only provides employees with the input and inspiration of industry leaders and experts, but also access to the very best and latest technology and software, enabling a competitive advantage in the industry.The Group recently implemented a new regional structure and appointed three senior regional leaders to better leverage synergies and cross-selling potential, enhance operating models to scale the businesses more effectively and drive a performance-based culture.​Rhona Driggs, CEO Empresaria, spoke on the Group’s recognition:‘We are absolutely delighted to be awarded 3rd place in the Top 100 Staffing Firms to work for in 2022. This is a true testament to the focus we have placed on driving a collaborative and positive culture across the Group over the past few years. Through our ‘Stronger Together’ initiative we have implemented key initiatives aimed at bringing the Group closer together. These include the implementation of our global internal collaboration platform (Workplace), training & development programs and the launch of our Diversity, Equality and Inclusion Committee to ensure we create an environment where everyone can feel safe, heard and respected at work. I am proud of what we have achieved as a Group in a short period of time and look forward to continuing to make Empresaria a great workplace.’​See the full list of Top 100 Staffing Firms to Work For.

Rhona Driggs recognised in Staffing Industry Analyst’s Global Power 150 Women in Staffing for the 6th consecutive year

​Rhona Driggs, Chief Executive Officer of Empresaria Group plc, has been recognised in the Staffing Industry Analysts Global Power 150 Women in Staffing, for the sixth consecutive year.Rhona’s inclusion in the Global Power 150 Women in Staffing for the sixth-year running is an incredible achievement. Her stature within the industry emulates Empresaria’s values and vision of being a leader within the global staffing market. Rhona was also included in the SIA’s Staffing 100 Europe both 2020 and 2021.Rhona joined Empresaria in late 2018 and has driven change to create a more unified group, leveraging our wider capabilities and thereby enabling a focus on strategic solutions within the staffing industry. Under her leadership, Empresaria introduced its Stronger Together initiative, working toward aligning the company around core values and sectors and increasing investment in key areas to support its operations, which was instrumental to the group’s successful navigation through the pandemic. Rhona has also recently attracted high-profile and talented individuals to the listed UK-based global specialist staffing group, including the recent appointments of two new regional CEOs and a president for North America.The list in its seven-year history has recognised female leaders and influencers around the globe within the recruitment industry who have driven the industry forward through the current crisis.“Through the compilation of the 2021 Global Power 150 – Women in Staffing list, we see that despite great odds, the women in our industry are actively advocating for equality in the workplace for other women, as well as historically excluded groups, by mentoring and developing training and other programs and partnerships to lift each other up,” said Subadhra Sriram, Editor & Publisher, Media Products at SIA. “The progress may be slow and results yet unseen, but the first steps have been taken. And this is a huge step forward for the ecosystem as we move towards a more inclusive and diverse world of work.”Rhona on receiving this recognition said: ‘It is an honour to be named amongst these inspiring women within the staffing industry. As female leaders we all have a role to play to ensure we achieve equality in our sector. This past year has seen us collaborate more than ever before, as we grapple with the negative effects the pandemic has had on women across the globe. I look forward to this continued collaboration in the coming year and what we can achieve together.’​See Rhona’s Profile – 2021 Global Power 150 Women in Staffing​About 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.​

Continued growth in profit forecast with Offshore Recruitment Services a key contributor

​Empresaria, the global specialist staffing group, provides the market with an update on trading for the current financial year ending 31 December 2021.​Trading updateFollowing the progress made in the first half of 2021, we have seen increased momentum into the second half of the year as the Group continues to realise the benefits from operational initiatives and the improved economic environment. As a result, it is anticipated that the Group's full year net fee income will be in the range of £57m to £59m and adjusted profit before tax is expected to be in the range of £7.4m to £7.9m (9% to 16% above market consensus).Our Offshore Recruitment Services sector continues to go from strength to strength and delivered a record increase in billable headcount in September. This sector remains core to our future plans through both its external and internal delivery.Our Professional sector has performed better than expected in the third quarter with a strong recovery in our UK hospitality operations and solid performances in Asia despite the very significant levels of local lockdowns. However, the challenges in the aviation industry continue and this is expected to impact us until the sector recovers.Our Healthcare sector has had a very strong 2021. While we were anticipating a significant slowdown in the vaccination programmes in our Healthcare sector in the second half of the year, the autumn COVID-19 booster vaccinations in the US have led to additional demand. This will likely last through to early 2022 after which we expect reduced demand from the vaccination programme.​Chief Executive Officer, Rhona Driggs, commented:"I am pleased we are able to deliver this positive news on our trading. Demand continues to be strong across the staffing industry and we are seeing this reflected in most of our businesses. With skills shortages at a 15-year high, candidate attraction and engagement remain a key priority as we close out the year. We are continuing to invest in the future of the business, including the recent appointment of regional leaders who will be instrumental in helping us deliver on our growth strategies. I am pleased to see the positive momentum within the business, and I am confident that we can take advantage of the continued economic recovery to deliver long-term growth."​Enquiries:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRSinger Capital Markets (Nominated Adviser and Broker)Shaun Dobson / James Moat020 7496 3000Alma PR (Financial PR)Sam ModlinDavid IsonHilary 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 from locations 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 visit empresaria.com.

Rhona Driggs recognised by SIA’s Staffing 100 Europe List

​​The global specialist staffing group Empresaria is pleased to announce that Rhona Driggs, CEO of Empresaria, has been recognised by Staffing Industry Analysts (SIA) in the 2021 list of the 100 most influential European staffing leaders.“While the pandemic is ongoing, the staffing industry is holding strong. As with previous recessions and disruptive technologies, the industry has evolved and survived. And that speaks to the leaders who have navigated the twists and turns of this economy and made sense of the magnitude of changes happening in the world of work,” writes Subadhra Sriram, editor and publisher, media products, SIA.Rhona commented: “I am honoured and humbled to be in the company of these incredible thought leaders.  Over the past year we have come together and collaborated, navigating the new world of work as we continue to face the effects of the pandemic. I am extremely grateful not only for my colleagues throughout the industry but to the team at Empresaria who have been determined to be successful and positively impact the lives of individuals across the world.”Tim Anderson, CFO of Empresaria, spoke on Rhona's recognition:“The last 18 months have been challenging for everyone in the industry.  Under Rhona’s leadership we have risen to these challenges while continuing to make significant progress on our transformative journey.  The continued recognition by SIA reflects her reputation and profile within the industry which, along with the enormous potential in the Group, have enabled us to attract top talent and significantly strengthen our leadership team in 2021.”​About the AwardSIA is a global advisor on staffing and workforce solutions.The 2021 Staffing 100 Europe list calls out those in the industry who helped take the €390 billion industry forward. The Staffing 100 Europe includes CEOs, entrepreneurs, technologists, operations specialists, innovators and others. It is not a ranking.See Rhona’s Profile – 2021 Staffing 100 Europe List

​Empresaria Chairman, Tony Martin, awarded Honorary Associateship from the Royal College of Veterinary Surgeons

​Empresaria Chairman, Tony Martin, has been awarded an Honorary Associateship from the Royal College of Veterinary Surgeons in recognition of his significant involvement within the veterinary profession. This prestigious honour is given only to those who make a special contribution to the sector. Tony founded the Anthony V Martin Charitable Foundation in 2001 and has distributed over £10m of funds to charities working within the veterinary profession. The Foundation enables significant collaboration with domestic and international charities and is committed to providing life-saving veterinary care, food, and sanctuary to promote the physical, psychological, and emotional wellbeing of animals. The Foundation’s support has been even more critical over the past year as fundraising events have been cancelled due to the pandemic.Tony takes a personal interest in all the Foundation’s charity partners and his dedication over many years has resulted in positive change in education, legislation, and cultural beliefs.Tony on receiving this award said: ‘This recognition is deeply appreciated. The Royal College of Veterinary Surgeons is well respected around the world for the standards it has created for animal welfare and for developing new treatments. The Foundation is dedicated to animal welfare issues and projects and has helped to finance some of the leading projects in this space and will hopefully continue to do so into the future.’The full awards ceremony can be viewed here.

​Results for the six months ended 30 June 2021

Empresaria Group plc (AIM: EMR), the global specialist staffing group, announces its unaudited interim results for the six months ended 30 June 2021.Click here to download the full Interim Statement 2021. ​For further information contact:Empresaria Group plcRhona Driggs, Chief Executive OfficerTim Anderson, Chief Financial Officervia Alma PRSinger Capital Markets (Nominated Adviser and Broker)Shaun Dobson/James Moat020 7496 3000Alma PR (Financial PR)Sam ModlinDavid IsonHilary Buchanan020 3405 0205empresaria@almapr.com​

Garrick Cooper joins the Empresaria Leadership Team as President, North America

​Garrick Cooper joins the group as President, North America further strengthening our leadership team. Garrick brings with him over 23 years of experience in the staffing solutions industry across a range of areas with a focus on providing exceptional contract and professional search solutions for clients in a variety of industries.Prior to joining Empresaria, Garrick was Vice President, Technical at Volt Workforce Solutions where he was responsible for the direction of sales and delivery teams spanning North America. Garrick has extensive experience in recruiting, sales, operations and program management and in delivering effective and innovative recruiting solutions to clients.Garrick will be responsible for the development of the Group’s operations and delivery of our strategy in North America.​Rhona Driggs, CEO of Empresaria, commented:"I am delighted to welcome Garrick to Empresaria and I am excited about the expertise and experience he brings to the Group in a market where we see great opportunity to grow."