2024-04-15 07:19:08 ET
PageGroup plc (MPGPF)
Q1 2024 Sales/ Trading Statement Call
April 15, 2024 3:30 AM ET
Company Participants
Kelvin Stagg - Chief Financial Officer
Nick Kirk - Chief Executive Officer
Conference Call Participants
Andy Grobler - BNP Paribas Exane
Afonso Osorio - Barclays
Karl Green - RBC
Presentation
Operator
Good morning, everyone and welcome to the PageGroup Q1 Trading Update Call. My name is Seb and I will be the operator for your call today. [Operator Instructions] I will now hand the floor over to Kelvin Stagg, CFO to begin the call. Please go ahead when you are ready.
Kelvin Stagg
Good morning, everyone and welcome to the PageGroup 2024 first quarter trading update. I am Kelvin Stagg, Chief Financial Officer and on the call with me is Nick Kirk, Chief Executive Officer. Although I will not read it through, I would just like to make reference to the legal formalities that are covered in the Cautionary Statement in the appendix to this presentation and which will be available on our website following the call.
The Group delivered gross profit of £219.7million in the quarter, a decline of 12.8% in constant currencies. This was against the Group’s second largest ever Q1 and was also impacted by the reduced number of working days in March due to bank holidays and the timing of Easter.
Reflecting the uncertain macroeconomic conditions, our fee earner headcount reduced by 100 or 1.7% during Q1 2023. ...
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PageGroup plc Q1 2024 Sales/ Trading Statement Call - Transcript