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International staffing firm Empresaria (EMR:LSE) said that trading this year has been in line with expectations with the firm expecting better group performance in 2013 despite volatile market conditions.
Speaking at the Annual General Meeting today, Chairman Tony Martin updated shareholders on the firm’s financial status. “The Group's overall performance in the year to date has been in line with the Board's internal forecasts and we remain on track to meet expectations for the full year,” he said.
“Trading in Continental Europe continues to be challenging but this is being compensated for by stronger than expected results from the Rest of the World region. We continue to see opportunities for organic growth within the existing Group and will follow a selective approach to external investments.”
In 2012, revenue fell to £194.3 million as demand for temporary staffing services declined, despite an increase in permanent revenues. The firm has been hit by a slowdown in the banking sector in the UK, while revenue in Europe fell sharply, including in more resilient countries such as Germany.
Empresaria is among the top 50 staffing firms in the UK. The agency provides recruitment and HR related services, including temporary and permanent recruitment, recruitment process outsourcing, HR consulting and corporate training.