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

Half Year 2023 Pagegroup PLC Earnings Call Transcript

Aug 07, 2023 / 07:30AM GMT

Release Date Price: $5.85

Transcript

Operator

Hello, and welcome to today's PageGroup Interim Results 2023. My name is Bailey, and I'll be coordinating your call today. (Operator Instructions)

I'd now like to pass the conference over to Kelvin Stagg, Chief Financial Officer. Kelvin, please go ahead.

Kelvin John Stagg

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

Good morning, everyone. Welcome to PageGroup's 2023 Interim Results Presentation. I'm 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'd just like to make reference to the legal formalities that are covered in the cautionary statement in the appendix to this presentation, which will also be available on our website following the call.

The group delivered gross profit of GBP 526.8 million, down 4.4% in constant currencies on our record H1 last year. We delivered operating profit for the first half of GBP 63.9 million, down 47% from GBP 115.3 million in H1 2022. Our conversion rate was 12.1%, compared

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