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Empresaria – having in August last year been “optimistic about the year ahead”, how’s an AGM trading update now?

In August last year international staffing group Empresaria (EMR) was “optimistic about the year ahead as the demand for talent is strong despite the global macroeconomic uncertainties”. With an AGM trading update from the group today, how is that playing out?

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Empresaria (#EMR) – four months NFI -5% YoY, “profits are expected to be down significantly”

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Empresaria (#EMR) – H1 adj. EPS -10%, “optimistic about the year ahead”

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Empresaria (#EMR) – “strong growth in net fee income… on track to meet market expectations”

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Empresaria (#EMR) – 2021 adj. EPS up to 8.6p, DPS 1.2p, optimistic

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Empresaria (#EMR) – 2021 net fee income +10%, H2 +21% YoY, optimistic

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Empresaria (#EMR) – continued “strong trading”, expects 2021 PBT “materially ahead of current market forecasts”

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Empresaria (#EMR) – “increased momentum”, expects FY above market consensus

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Empresaria – as suspected, ‘ahead of expectations but our readers are sitting on 2 month gains of 30% so what to do?

Updating on international specialist staffing group Empresaria (EMR) on a half-year trading update last month with the shares at 80p, we concluded there looked further to go as further evidence of recovery building and that a full recovery can be delivered, as well as cost action taken, showed. The shares last closed at 81p but are currently up to 91p to sell on half-year results.

NEWSFLOW

Empresaria (#EMR) – H1 adj. EPS +24% v. even 2019, expects FY significantly ahead of current expectations