Recruiter PageGroup hails record year

9th Mar 2023 07:52

(Sharecast News) - Recruiter PageGroup hailed a record year on Thursday as it posted a rise in profit and revenue and lifted its dividend.

In the year to the end of December 2022, pre-tax profit increased 16.6% to £194.4m, with revenues up 21.1% to £2bn. Operating profit rose 16.4% to a record £196.1m and the total dividend per share including the special dividend was lifted to 42.38p from 41.71p a year earlier.

Chief executive Nicholas Kirk said the group had delivered its best performance on record in 27 countries.

The company highlighted candidate shortages and high levels of vacancies in the majority of its markets.

Growth in the permanent recruitment segment was stronger in the first half of the year, while temporary growth improved in the second half, as trading conditions became more challenging, it said.

Kirk said: "Looking forward, there remains a high level of global macro-economic and political uncertainty in the majority of our markets. However, against this backdrop, we continue to see candidate shortages and good levels of vacancies.

"Given our highly diversified and adaptable business model, with a variable cost base and a strong balance sheet, we believe we are well-positioned to weather the uncertainty and continue to deliver strong shareholder returns."