Finspreads offers analysis on year end PageGroup results
Michael Page International enjoyed a strong rebound in performance in 2014 with revenues increasing over 10% on a constant currency basis. The recruiter has positioned itself well to take advantage of the economic recovery and in particular the job market recovery. The recruiter has seen solid demand from major economies such as UK, Germany, US and China as they continue on the road to recovery and unemployment decreases.
However adverse currency rates appear to be a significant challenge for the group and this has continued to be the case into 2015. The strength of sterling is negatively impacting financials at all levels and if 2014 results were restated at current exchange rates they would be over 4% lower.
The outlook continues to be positive for Michael Page but also for the sector in general. The positive trends reported by Michael Page are broadly in line with those highlighted by sector peers.