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View All NewsPageGroup revenue increases 13% in constant currency
August 08, 2018
PageGroup, a UK-based staffing provider with operations in the US, reported revenue rose 12.8% in constant currency in the first half of the year ended June 30. The strongest growth was in the company’s Europe and Americas segments. UK revenue fell.
| (£ thousands) | H1 2018 | H1 2017 | % change | % change constant currency | H1 2018 (US$ thousands) |
| Revenue | £751,580 | £673,146 | 11.7% | 12.8% | $988,440 |
| Gross profit | £396,019 | £351,987 | 12.5% | 14.2% | $520,824 |
| Gross margin | 52.7% | 52.3% | |||
| Profit for the period | £49,412 | £40,912 | 20.8% | $64,984 |
Gross margin also improved in the first half of the year.
Revenue by geography
| (£ thousands) | H1 2018 | H1 2017 | % change | % change constant currency | H1 2018 (US$ thousands) |
| EMEA | £389,685 | £323,092 | 20.6% | 18.7% | $512,494.2 |
| UK | £155,027 | £160,675 | -3.5% | - | $203,883.8 |
| Asia Pacific | £125,609 | £116,872 | 7.5% | 13.0% | $165,194.7 |
| Americas | £81,259 | £72,507 | 12.1% | 22.6% | $106,867.8 |
Revenue by segment
| (£ thousands) | H1 2018 | H1 2017 | % change | H1 2018 (US$ thousands) |
| Accounting and financial services | £294,427 | £278,831 | 5.6% | $387,215.7 |
| Legal, technology, HR, secretarial, healthcare | £193,546 | £163,819 | 18.1% | $254,542.0 |
| Engineering, property & construction, procurement & supply chain | £166,932 | £138,442 | 20.6% | $219,540.6 |
| Marketing, sales and retail | £96,675 | £92,054 | 5.0% | $127,142.1 |
Share price and market cap
Shares in PageGroup closed down 0.17% to £598.00 in London. The company had a market cap of £1.88 billion.