PageGroup Faces Economic Headwinds in Q2 Results

PageGroup (GB:PAGE) has released an update.

PageGroup plc reported a decrease in Q2 2024 gross profit by 12% compared to the previous year, under challenging market conditions that led to softened activity levels and a cautious outlook for the latter half of the year. The global recruitment firm saw a particular downturn in permanent placements, with temporary roles faring slightly better, reflecting the current preference for flexible hiring options amidst economic uncertainty. Despite reducing fee earner headcount and a subdued market sentiment, the company is maintaining its strategic investments and leveraging technology to enhance productivity and customer experience.

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