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Trading statements

PageGroup's Q1 gross profit rises to £170.3m

12 April 2017 07:41

PageGroup said its Q1 gross profit rose to £170.3m, up 19.7% from £142.2m in the same period a year ago.

Contributions to group gross profit were up strongly from EMEA, Asia Pacific and the Americas, but down a little from the UK.

PageGroup said the improvement in Q1 gross profit reflected an an improvement in underlying trading, plus the timing of Easter being in Q2 rather than in Q1 as it was in 2016.

"Furthermore, there remain a number of uncertainties as we continue through 2017, including the impact of Brexit in the UK, elections in Europe and Brazil's ongoing macro-economic challenges," said CEO Steve Ingham.

"Looking ahead, we will continue to focus on driving profitable growth, while being able to respond quickly to any changes in market conditions."

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