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Empresaria reports bright spots amid downturn

June 18 2009

The Empresaria Group PLC announced revenue was down 4% year-over-year through April in a report following its annual general meeting. However, the United Kingdom-based staffing firm noted some positive trends amid the economic downturn.

"Although we are not seeing any dramatic improvement in specific economics and markets, there is evidence in recent weeks of increased market stability and, in some cases, of improved levels of confidence reflected in increased numbers of inquiries, vacancies, job orders and temporary staffing revenue," according to the report.

Growth in other markets helped offset temporary staffing revenue declines in Europe, according to Empresaria. In addition, temporary worker numbers have begun growing again in Germany.

The company also cited growth in its healthcare operations in Scandinavia, engineering and logistics divisions in Germany and property services operations in the United Kingdom among other areas.

Empresaria reported the decline in revenue through April was largely the result of a reduction in permanent placement revenue with temporary revenue remaining constant.

The company operates in 20 countries.

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