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Michael Page's Americas revenue falls 26%

March 05, 2010

Michael Page International PLC, a London-based professional staffing firm, reported full-year 2009 revenue in its Americas segment fell 25.5% from the previous year to GBP51.6 million (US$82.2 million).

The company's Americas segment includes operations in North and South America.

Total 2009 revenue at Michael Page fell 26.3% to GBP716.7 million (US$1.14 billion) from 2008 revenue of GBP972.8 million.

Gross margin narrowed to 49.1% from 56.8%.

Profit for the year fell 87.2% to GBP12.4 million (US$19.8 million) from GBP97.3 million in 2008.

Michael Page International PLC
For the full year ended Dec. 31, 2009, compared with the previous year.
Revenue: GBP716.7 million (US$1.14 billion), -26.3%
Profit for the year: GBP12.4 million (US$19.8 million), -87.2%