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Staffline ( (GB:STAF) ) just unveiled an announcement.
Staffline Group PLC reported strong financial results for FY 2024, with an increase in revenue and gross profit despite challenging market conditions. The company completed a £2.5m share buyback program, demonstrating confidence in its operating model. Recruitment GB and Recruitment Ireland divisions performed well, while PeoplePlus faced challenges due to market conditions and delayed public sector bids. The company’s net cash position was significantly ahead of expectations, and it remains focused on leveraging its market position to drive growth in 2025 despite macroeconomic uncertainties.
More about Staffline
Staffline Group PLC is a leading recruitment and training company in the UK, specializing in providing flexible blue-collar workers as well as recruitment solutions in Ireland. It operates through three divisions: Recruitment GB, Recruitment Ireland, and the PeoplePlus Division, supplying workforce solutions across various industries and offering employability, adult training, and prison education services.
YTD Price Performance: -17.09%
Average Trading Volume: 143,412
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £25.96M
For an in-depth examination of STAF stock, go to TipRanks’ Stock Analysis page.
