PageGroup PLC (OTCPK:MPGPF)
$ 5.0165 0.1465 (3.01%) Market Cap: 1.42 Bil Enterprise Value: 1.48 Bil PE Ratio: 22.94 PB Ratio: 4.20 GF Score: 79/100

Half Year 2019 Pagegroup PLC Earnings Call Transcript

Aug 07, 2019 / 07:30AM GMT
Release Date Price: $5.47
Kelvin Stagg
PageGroup plc - CFO, Member of Executive Board & Executive Director

Good morning, everyone, and welcome to PageGroup's 2019 Interim Results Presentation. I'm Kelvin Stagg, Chief Financial Officer; and I have with me Steve Ingham, our Chief Executive Officer. Although I will not read it through, I would like to bring your attention to the cautionary statement included at the end of this presentation. I will start with a brief review of our financial results for the first half, continue with an update on our capital allocation strategy and shareholder returns and conclude with a summary. Following this, we will open up the call for Q&A, when Steve and I will be happy to take your questions.

For the first half, the group delivered gross profit of GBP 433.5 million, up from GBP 396 million in 2018, a record for the group. In both constant currencies and reported rates, this represented an increase of 9.5%. These results were achieved despite a tough comparator and more challenging conditions seen in a number of our markets, including France, Greater China and the U.K. In our

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