(Reuters) -British recruiter PageGroup forecast on Thursday an annual operating profit of about 22 million pounds ($29.95 million), down from last year but in line with market view, months after withholding it due to U.S. tariff uncertainty.
PageGroup’s performance has been decimated in recent years as troubles keep compounding for the company, which has been plagued by substantial underperformance in some European businesses and had to cut jobs in April to survive a wider sectoral slump.
It had clocked in an operating profit of 52.4 million pounds in 2024.
“We saw a slight deterioration in activity levels and trading in Continental Europe, particularly in our two largest markets, France and Germany,” CEO Nicholas Kirk said in a statement.
However, Kirk said the company saw some improvement in activity, trading and customer confidence in Asia and the U.S.
The company said its second-quarter earnings fell 10.5% to 194.8 million pounds, as hiring activity remains subdued across sectors.
($1 = 0.7346 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
