PageGroup (GB:PAGE) has released an update.
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PageGroup plc reports a decrease in Q3 2024 gross profit by 13.5% compared to last year, with challenging market conditions leading to subdued client and candidate confidence across Europe, the Americas, and Asia Pacific. The firm experienced a decline in productivity and a slight reduction in fee earner headcount, but maintains a strong balance sheet with net cash of approximately £93m. Despite the current economic uncertainty and its impact on recruitment, PageGroup aims to leverage its diverse business model, innovation investments, and strategic resource allocation to navigate the tough environment.
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