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View All NewsImpellam revenue increases in first half of year
UK-based staffing and workforce solutions provider Impellam Group plc reported revenue for the first half of this year rose 2.4%, affected by challenging conditions in its UK specialist staffing and healthcare businesses.
| (£ millions) | Half-year 2017 | Half-year 2016 | % change | Half-year 2017 (US$ millions) |
| Revenue | £1,077.0 | £1,052.0 | 2.4% | $1,396.7 |
| Gross profit | £140.1 | £139.0 | 0.8% | $181.7 |
| Gross margin | 13.0% | 13.2% | ||
| Profit for the period attributable to owners of the parent company | £10.5 | £14.9 | -29.5% | $13.6 |
Revenue by segment for United Kingdom and North America
| (£ millions) | Half-year 2017 | Half-year 2016 | % change* | Half-year 2017 (US$ millions) |
| Managed services-UK, Europe and Australasia | £496.3 | £498.1 | -0.4% | $643.6 |
| Specialist staffing-UK, Europe and Australasia | £399.6 | £403.7 | -1.0% | $518.2 |
| Managed services-North America | £99.9 | £85.2 | 6.6% | $129.6 |
| Specialist staffing-NA America | £111.2 | £95.7 | 2.2% | $144.2 |
| * Change is in constant currency |
“Managed services - North America” revenue rose 6.6% on a constant currency basis, and “specialist staffing - North America” revenue edged up 2.2% in constant currency.
In the US, managed services was affected by a small number of client losses. In specialist staffing, gross profit growth in the technology and clinical sectors — up 10.9% and 7.0% respectively — was offset by a 12.7% decline in the automotive sector.
Impellam’s global managed services brands include Bartech, Comensura, Guidant Group and others. The company’s specialist staffing divisions include Blue Arrow, Coresaff Services, Bartech, SRG, Tate and others.
Quote
“During the first half of 2017 we have seen our managed services businesses across the world, aimed largely at the contingent workforce, continue to perform in line with expectations; with customer retention at 94% (based on our largest 50 customers), a record number of new programs in implementation and a strong sales pipeline,” said CEO Julia Robertson. “In North America, our managed services and onsite programs continue to perform well with a higher than planned win ratio, although H1 was impacted by the timing of wins over losses.”
Share price and market cap
Impellam shares closed down 7.22% at £648.50, and the company had a market cap of £32.65 billion, according to Yahoo.