Pulse Pushes Profits
PULSES diversification strategy yields excellent results in 2008
PULSE Staffing, the UKs fastest growing provider of health and social care staffing services announces 2008 results.
Revenues of 138m up 43% from 2007
Gross Margin improvement to 26.2m up 58% with gross margin improvement of 180bps to 19%
Efficient cost of delivery at 13.8% of sales
EBITA increased substantially from 1m to 7.1m
Strong operating cashflow of 6.9m
Commenting on the results, Richard MacMillan, CEO said: 2008 has been a fantastic year for the business as we began to realise the efforts of the diversification strategy established three years ago. In 2006 we set an ambitious plan to invest organically in higher margin growth areas of the health and social care staffing market which has returned the company to healthy profitability that is showing further improvement in 2009. The foundations are laid and we are now in an excellent position to continue this strong growth over the coming years.
PULSE provide staff in both flexible and permanent roles including: Doctors, Nurses, Allied Health Professionals, Qualified Social Workers and Carers. The ability to source highly skilled candidates internationally via Pulsejobs.com has been a key differentiator in a market where there is growing demand for healthcare services and an ongoing shortage of healthcare professionals.