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View All NewsPageGroup revenue up 7% in constant currency for 2015
Michael Page International plc, a London-based professional staffing firm with global operations, reported revenue rose 7.1% in constant currency in 2015.
| (£ millions) | 2015 | 2014 | % change | Constant currency % | 2015 (US$millions) |
| Revenue | £1,064.9 | £1,046.9 | 1.7% | 7.1% | $1,578.6 |
| Gross profit | £556.1 | £532.8 | 4.4% | 9.3% | $824.3 |
| Gross margin | 52.2% | 50.9% | -- | -- | -- |
| Profit | £66.2 | £59.3 | 11.6% | -- | $98.1 |
Revenue rose across geographies except for Australia and New Zealand.
Gross profit rose across all regions. It was up 2.3% in Europe, the Middle East and Africa with the constant currency increase up 11.9%.
Gross profit rose 9.6% in the UK, and Asia Pacific gross profit was up 3.4%, or 4.9% in constant currency. America gross profit was up 2.0%, or 7.4% in constant currency.
Quote
“Our businesses in Continental Europe, the US and Latin America, excluding Brazil, all performed well,” said CEO Steve Ingham. “Brazil and Australia continued to find conditions difficult and towards the end of the year we also experienced tougher trading in Greater China as the economic slowdown and financial market uncertainty impacted confidence. The UK also saw a slowdown in the final quarter as a result of our clients’ increasing reluctance to make offers to candidates, particularly with our more senior assignments.”
Revenue by geography
| (£ millions) | 2015 | 2014 | % change | 2015 (US$millions) |
| Europe, Middle East and Africa | £421.3 | £419.7 | 0.4% | $624.5 |
| United Kingdom | £337.7 | £325.7 | 3.7% | $500.6 |
| Australia and New Zealand | £95.8 | £110.0 | -12.9% | $142.1 |
| Asia | £95.5 | £83.5 | 14.4% | $141.5 |
| Americas | £114.7 | £108.0 | 6.1% | $170.0 |
Revenue by segment
| (£ millions) | 2015 | 2014 | % change | 2015 (US$millions) |
| Finance and accounting | £468.4 | £465.3 | 0.7% | $694.3 |
| Legal, technology, HR, secretarial and other | £253.5 | £240.1 | 5.6% | $375.7 |
| Engineering, property & construction, procurement & supply chain | £190.5 | £193.9 | -1.7% | $282.5 |
| Marketing, sales and retail | £152.6 | £147.6 | 3.4% | $226.2 |
Revenue by temp and perm
| (£ millions) | 2015 | 2014 | % change | 2015 (US$millions) |
| Permanent | £431.3 | £417.4 | 3.3% | $639.3 |
| Temporary | £633.7 | £629.5 | 0.7% | $939.3 |
Share price and market cap
Shares in PageGroup closed down 2.59% to £386.24, and the company had a market cap of £1.26 billion, according to Google.