RNS Number:9663N
Empresaria Group PLC
14 February 2008

Empresaria Group plc - Trading Update

Empresaria Group plc ("Empresaria" or the "Group")

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


-Revenue and net fee income almost double those of 2006
-Majority of revenue and net fee income now generated overseas.
-Growth in all regions
-Strong start to 2008

Group Chief Executive, Miles Hunt, commented

"The Empresaria strategy is to develop a specialist international staffing group
balanced in terms of sector, geographic and operational coverage, pursuing both
organic and acquisitive growth. Our performance in 2007 demonstrates that the
implementation of this strategy is creating a high growth and diversified group
with a strong and growing presence in developing staffing markets. Exposure to
different specialist market sectors, combined with a strong management equity
philosophy, enabled the Group to grow through tough market conditions when they
have occurred in the past and while it is entirely appropriate to exercise
caution in light of current market sentiment, Empresaria is strongly positioned
in the event of an economic downturn to take advantage of opportunities that
arise as a result. Currently, the principal constraint on more rapid growth for
the Group remains tight labour markets and the difficulty in finding individual
specialist skilled candidates for clients. If the cooling of the more developed
economies results in a loosening of skilled labour markets, specialist staffing
groups such as Empresaria should benefit."

2007 Trading Commentary

The momentum generated in the first half of 2007 continued through to the end of
the year with an acceleration of growth in all regions, particularly in Europe
where our German subsidiary, Headway Holding GmbH ("Headway"), started to reap
the benefit of new branches established early in the year, and in Asia where
recent start ups moved into profitability for the first time. The UK experienced
continued strong organic growth, particularly in the construction and property
services sector.

Revenue for the year ended 31 December 2007 was approximately £146 million and
net fee income was approximately £40 million, a near doubling of the Group
performance in 2006. The Board expects adjusted profits for the year ended 31
December 2007 to be in line with current market expectations.

The Group intends to announce its preliminary results for the year ended 31
December 2007 on 18 April 2008.

International development programme bearing fruit

2007 was a transformational year in the development of the Group. In the year
the Group invested in 4 acquisitions and 6 start up companies. It added over 35
new branches and entered 7 new countries. Revenues are now generated by over 40
subsidiary companies, with over 150 individual branches spread across 19
different countries.

The acquisition of a 60% interest in Headway in Germany, one of the fastest
growing international staffing markets, combined with smaller acquisitions in
Holland, Indonesia and Chile, marked the transition of the Group from a UK
company with international operations to a more balanced international staffing
company. More than 60% of Group net fee income is now generated each month from
operations outside of the UK.

The heavy investment in start up operations in Asia, particularly in India,
China and the SE Asia region made during 2006 and 2007 is now beginning to
generate profits and gives the Group an increasingly strong presence in fast
growth economies and staffing markets.

2008 Outlook

The strong performance at the end of 2007 has been carried into 2008 and trading
in January is ahead of the Board's expectations. Demand for Group company
services remains strong in all regions. In markets where some evidence of
economic downturn might have been expected, particularly in the UK, the Group
has experienced no material change in market conditions. Although the Board is
cautious about the wider economic outlook, it views the prospects for the Group
in 2008 with optimism.

For further information contact:

Empresaria Group plc 01293 649 900
Miles Hunt, Chief Executive
Nick Hall-Palmer, Group Finance Director

First City Financial Public Relations 020 7242 2666
Allan Piper

Smith & Williamson Corporate Finance Limited 020 7131 4000
Azhic Basirov
Siobhan Sergeant

Kaupthing Singer & Friedlander Capital Markets Limited 020 3205 5000
Nicholas How

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


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