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Staffline Group PLC - Nottingham, England-based employment agency - Says it continues to secure further market share and strengthen customer relationships. Says its recruitment pipeline has begun to convert into organic growth in both the UK and Ireland. Staffline says it continues to enjoy financing headroom and the benefits from its interest rate cap. Looking ahead, remains confident in its medium - to long-term prospect but mindful of ‘ongoing macroeconomic headwinds, which have impacted demand amongst Staffline’s retail and food customers’. However, the firm anticipates a modest recovery in affected sectors as inflation stabilises. Expects trading in 2023 to remain in line with expectations, anticipating full year revenue to be weighted in the second half in line with its historic trend. For 2022, revenue dropped to £940.5 million from £942.7 million. It swung to pretax profit of £1.9 million from loss of £100,000 a year prior. Current stock price: 34.19 pence each, down 2.2% on Monday morning in London 12-month change: down 96% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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