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UK – Empresaria releases positive trading update, plans for growth

20 May 2015

International recruitment firm Empresaria (EMR: AIM) today held its Annual General Meeting, at which Chairman Tony Martin gave the following trading update:

“The Group has made a good start to the year, delivering like-for-like growth against this period in 2014. Each of our three regions; the UK, Continental Europe, and Rest of the World, are profitable and growing, and the investments made in 2014 are performing well in line with our expectations.”

“As part of our stated strategy, we are focused on developing leading brands with sector expertise, while increasing our footprint in key economic centres. As such, we will continue to look for opportunities for both organic and external investments.”

He concluded: “The Group remains on course to meet market expectations for the full year.”

Empresaria Group operates 18 brands in 18 countries across the globe; including the UK, Germany, Japan, Indonesia, China, India, Chile, Thailand, Singapore, Finland, the UAE, and Australia.

The company’s most recent acquisition was made in December 2014, when Empresaria acquired UK-based recruitment firm Ball and Hoolahan Ltd, which specialises in serving the marketing industry.

In early trading today, the company’s share price rose by 0.8% to £0.68, an increase of 49.5% compared with a year ago. Based on its current share price, the company has a market value of £29.9 million.