Staffline Group (STAF: LSE), the UK-based staffing and employability organization reported revenue for the full year ending 31 December 2016 of £882.4 million, an increase of 26% compared to last year’s revenue of £702.2 million.

“These strong results are testament to the hard work and determination of all those involved in our business,” Andy Hogarth, Chief Executive, said. “In what has been a competitive environment, we are delighted to report such strong organic growth and, with the decision to leave the EU having had no negative impact on trading to date, Staffline has continued to perform well. Our reputation for reliability has not only led to new contract wins but also existing customers extending their work with us, meaning Staffline is now increasing its market share more than ever.”

“We look forward to 2017 with great confidence and remain on track to achieve our ambitious five year target to grow revenues to over £1 billion in 2017,” Hogarth said.

While the Brexit decision has had no impact on the company’s results, Hogarth has cautioned that foreign workers were deciding to go home because they felt “unwelcome” in Britain after the EU referendum. He told the Evening Standard, “Many workers send money back to their families but the plummeting pound has cut its spending power in euros. We employ a lot of eastern Europeans and the money they were earning pre-Brexit is now worth 85% to 90% what it was. Our two biggest clients say they are losing good middle managers because they’ve decided they don’t want to be here any more and that’s really sad. I like to be in a country where we welcome people.”

In trading today, Staffline Group traded at £1,028.00, down 3.02% on the day and 41.79% above the 52 week low of £725.00 set on 7 July 2016. Based on its current share price the company has a market value of £294.1 million.