PageGroup PLC (FRA:3MI)
€ 3.96 0 (0%) Market Cap: 1.29 Bil Enterprise Value: 1.35 Bil PE Ratio: 20.83 PB Ratio: 3.82 GF Score: 81/100

Full Year 2019 Pagegroup PLC Earnings Call Transcript

Mar 05, 2020 / 10:15AM GMT
Release Date Price: €4.25 (-1.62%)
Stephen J. Ingham
PageGroup plc - CEO, Member of Executive Board & Executive Director

It's 10:16, so we'll try to be prompt. Good morning, everyone, and welcome to PageGroup's 2019 Full Year Results Presentation. I'm Steve Ingham, Chief Executive Officer, and I have with me, Kelvin Stagg, our CFO.

I will shortly present the headline numbers before handing over to Kelvin for the financial review. I'll then conclude today's presentation with a summary and outlook.

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 of this presentation and which will also be available on our website following the presentation.

The group delivered a record gross profit of 80 -- GBP 855.5 million and growth in both constant currencies and reported rates of 5%. 19 of our 36 countries delivered record years. These results were achieved despite a tough comparator of 15.9% and the continued deterioration in trading conditions as the year progressed in a number of our markets, including France,

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