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View All NewsPageGroup gross profit rises 9% in constant currency
October 11, 2017
UK-based staffing firm PageGroup plc reported gross profit rose 8.8% in constant currency in the third quarter. Continental Europe, the Americas and Asia delivered strong performances, according to the company. However, the UK, Singapore and Brazil continued to experience challenging market conditions.
| (£ millions) | Q3 2017 | Q3 2016 | % change | Constant currency % | Q3 2017 (US$millions) |
| Gross profit | £177.3 | £158.6 | 11.8% | 8.8% | $237.6 |
In North America, third-quarter gross profit rose 27% on a constant currency basis with US gross profit rising 29%. The company noted strong growth in Boston, Chicago and Los Angeles, as well as in its property and construction and marketing disciplines.
Gross profit by geography
| (£ millions) | Q3 2017 | Q3 2016 | % change | Constant currency % | Q3 2017 (US$millions) |
| Europe, Middle East and Africa | £79.3 | £66.8 | 18.7% | 12.6% | $106.2 |
| Asia Pacific | £37.0 | £32.3 | 14.6% | 13.9% | $49.6 |
| United Kingdom | £34.9 | £37.8 | -7.6% | -7.6% | $46.8 |
| Americas | £26.1 | £21.7 | 20.1% | 18.4% | $35.0 |
Gross profit by segment
| (£ millions) | Q3 2017 | Q3 2016 | % change | Constant currency % | Q3 2017 (US$millions) |
| Accounting and financial | £65.3 | £60.7 | 7.5% | 4.7% | $87.5 |
| Legal, technology, HR, secretarial and healthcare | £40.6 | £35.3 | 14.9% | 12.3% | $54.4 |
| Engineering, property & construction, procurement & supply chain | £39.6 | £32.6 | 21.5% | 17.8% | $53.1 |
| Marketing, sales and retail | £31.8 | £30.0 | 6.0% | 3.2% | $42.6 |
Share price and market cap
Shares in PageGroup plc closed down 9.21% at £477.10, according to Google. The company had a market cap of £1.56 billion.