This morning Empresaria released an encouraging trading update, with NFI up 10% to £65.4m (+8% on a cc basis) and adjusted PBT and EPS in-line with expectations. The group has also delivered a strong cash flow, with net debt reducing significantly to £7.9m (£6.1m lower than FY21). Whilst we recognise that near-term sentiment remains cautious towards the recruitment sector, structural growth drivers, geographic and sector diversity and the uniqueness in its Offshore Service offering leaves the gr ....
26 Jan 2023
Cenkos: Empresaria Group Plc -- Well placed
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Cenkos: Empresaria Group Plc -- Well placed
Empresaria Group plc (EMR:LON) | 38.0 0 0.0% | Mkt Cap: 18.9m
- Published:
26 Jan 2023 -
Author:
Andrew Gibb -
Pages:
8
This morning Empresaria released an encouraging trading update, with NFI up 10% to £65.4m (+8% on a cc basis) and adjusted PBT and EPS in-line with expectations. The group has also delivered a strong cash flow, with net debt reducing significantly to £7.9m (£6.1m lower than FY21). Whilst we recognise that near-term sentiment remains cautious towards the recruitment sector, structural growth drivers, geographic and sector diversity and the uniqueness in its Offshore Service offering leaves the gr ....