Empresaria Group PLC
19 February 2007

Empresaria Group plc - Trading Update

Empresaria Group plc ('Empresaria' or the 'Group')

Ahead of entering its closed period, Empresaria provides the following trading


â.¢ Strong growth in revenues for 2006
â.¢ Good final quarter performance in the UK and Japan
â.¢ Revenues higher than expected in January

Group Chief Executive, Miles Hunt, commented

'The good performance of the Group at the end of 2006 and strong start to the
current year sets the scene for a promising result in our existing operations
for the remainder of the year. The establishment of a new company in Malaysia
demonstrates our continuing commitment to expansion in growing international
markets, both by investment in start up businesses and through acquisition. We
will remain alert for similar opportunities elsewhere.'

2006 Trading Commentary

The Group continued to enjoy buoyant trading in the final half of the year. This
reflected higher revenues in its UK operations, especially in the Group's
Construction and Other Brands sectors, and continuing robust revenue growth in
its Japanese operations. In addition, in the last quarter of 2006, the
acquisition of the ITC businesses in Poland contributed further to revenue

Revenue for the year ended 31 December was approximately £75 million and net fee
income approximately £22 million. The Board expects profits for the year ended
31 December 2006 to be in line with current market expectations.

International expansion continues - new start up in Malaysia

As previously announced, the Group established its first operation in Malaysia
in December 2006 in line with its core strategy of establishing an international
spread of businesses in both the permanent and temporary staffing sectors. The
South East Asian region is currently experiencing high growth and offers
considerable opportunities for the Group, which is now operating in more than a
dozen countries in Europe, Asia, Australasia and North America.

The new Malaysian operation is run by local management, in keeping with the
Group's philosophy of management equity, with founder managers and key staff
holding significant equity stakes. The company has made a positive start.

2007 Outlook

The strong performance at the end of 2006 has been carried into 2007 and trading
in January is ahead of the Board's expectations, with revenues higher in both
the UK, especially in Financial Services, Construction and Other Brands, and
overseas, with Japan and our South East Asian businesses performing particularly

This information is provided by RNS
The company news service from the London Stock Exchange

Back to Top