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 2024 Pagegroup PLC Earnings Call Transcript

Aug 08, 2024 / 07:30AM GMT

Release Date Price: $5.85

Transcript

Operator

Ladies and gentlemen, welcome to the PageGroup half-year results. My name is Kenneth, and I will be coordinating your call today. (Operator Instructions)

I will now hand you over to your host, Kelvin Stagg to begin. Kelvin, please go ahead.

Kelvin Stagg

Pagegroup PLC - Chief Financial Officer, Executive Director

Good morning, everyone, and welcome to PageGroup's 2024 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 and which will also be available on our website following the call.

The group delivered gross profit of GBP444.1 million in the first half, down 12.4% in constant currencies. Due to the more challenging trading conditions in 2024, we delivered operating profit of GBP28.4 million, down from GBP63.9 million in H1 2023 with a conversion rate of 6.4% compared to 12.1%.

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