Empresaria Group plc ("Empresaria" or the "Group")
Results for the year ended 31 December 2016
Strong growth in profit before tax and adjusted earnings per share
Empresaria, the international specialist staffing group, has continued to deliver on its strategy with record profit before tax and growth in adjusted earnings per share.
% change (constant currency)
Net fee income
Adjusted operating profit*
Profit before tax
Adjusted profit before tax*
Earnings per share (diluted)
Adjusted earnings per share*
Fourteen consecutive quarters of net fee income growth
Five consecutive years of double digit % growth in adjusted earnings per share
Conversion ratio increased to 16.6% (2015: 16.3%)
Proposed final dividend increased by 15% to 1.15p (2015: 1.0p)
Net debt increased to £10.5m (2015: £7.3m) following the investments made in the period
Strong profit growth in German business, IT sector in Japan and Executive search in South East Asia
Successful integration of Pharmaceutical Strategies
Investments in Rishworth Aviation and ConSol Partners: strong brands with significant growth potential
* adjusted to exclude amortisation of intangible assets, exceptional items, gain or loss on disposal of business and fair value charges on acquisition of non-controlling interests.
Chief Executive Joost Kreulen said:
"Empresaria has delivered another year of record profit and strong growth in adjusted earnings per share, demonstrating the strength of our diversified business model. We are focused on delivering on our strategy: strengthening a multi-branded group, with an emphasis on developing leading brands that are diversified and balanced by geography and sector.
Alongside the solid performances across a number of countries, we are particularly pleased to have secured two significant international investments during the year; Rishworth Aviation and ConSol Partners. Both brands operate in sectors with good long-term growth prospects and complement the Group's 'Invest & Develop' strategy. We look forward to the growth opportunities that these businesses have as part of the Group.
We continue to see exciting growth opportunities to develop our Group and deliver increased profits and we look to 2017 with confidence."
Empresaria Group plc
Arden Partners (Nominated Adviser and Broker)
020 7614 5900
Redleaf Communications (Financial PR)
020 7382 4730
Notes for editors:
Empresaria Group plc is an international specialist staffing group with 21 brands operating in 19 countries across the globe including the UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA, New Zealand, China, Malaysia and the Philippines.
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 Empresaria group company management teams holding significant equity in their own business.
Empresaria is listed on AIM under ticker EMR. For more information visit empresaria.com