PageGroup PLC (OTCPK:MPGPF)

$ 5.0165 0.1465 (3.01%) Market Cap: 1.43 Bil Enterprise Value: 1.50 Bil PE Ratio: 22.94 PB Ratio: 4.20 GF Score: 79/100

Q1 2021 Pagegroup PLC Trading Statement Call Transcript

Apr 09, 2021 / 08:00AM GMT

Release Date Price: $6.65

Transcript

Stephen J. Ingham

PageGroup plc - CEO, Member of Executive Board & Executive Director

Good morning, everyone, and welcome to the PageGroup's First Quarter Trading Update. Thank you for joining us at short notice, and apologies for any inconvenience this has caused. I'm Steve Ingham, Chief Executive Officer; and on the call with me is Kelvin Stagg, Chief Financial Officer.

Although I will not read it through, I'd like to make a reference to the legal formalities that are covered in the cautionary statement in the appendix to this presentation and which will also be available on our website following the call.

The improvement in trading conditions we experienced at the end of Q4 2020 continued into the first quarter. Consequently, the group delivered gross profit of GBP 184.2 million in the quarter, representing constant currency growth of 2%.

Given the magnitude of the impact of COVID in 2020, we're also including comparisons against 2019 to ensure the most appropriate representation of our current trading. Compared to 2019, which was also our record year, we were down 9.9

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