Empresaria – “expected to at least meet current market expectations”. Er, those which have been significantly reduced?!

With “locations across the world including the four largest staffing markets of the US, Japan, UK and Germany along with a strong presence elsewhere in Asia Pacific and Latin America”, staffing group Empresaria (EMR) has issued a trading update headlined “Adjusted profit before tax expected to at least meet current market expectations despite ongoing difficult trading conditions”. Good news then from a 26.5p share price?

Empresaria (#EMR) – 2024 net fee income -12%, “market conditions… no significant indication of improvement in the short term”

Empresaria – “sale of non-core subsidiary”, but still group financial concern?…

International staffing group Empresaria (EMR) has announced a business sale it states is in “markets or sub-sectors where we do not plan to invest… the consideration will be held on the group's balance sheet”. What about this from a current 28p share price, £14 million market capitalisation?

Empresaria (#EMR) – sale of its 51% interest in Fines Tokyo for a repaid JPY50 million (c.£0.253m) intercompany balance

Empresaria – states a disposal as part of “previously announced plan”, but how useful?

International staffing group Empresaria (EMR) has announced a disposal as part of its “announced plan to exit four of our smaller operations in markets or sub-sectors where we do not plan to invest”. What about this from a current 26.5p share price?

Empresaria – from argued “encouraging resilience” to performance “worse than previously forecast” in three months…

In a July trading update announcement international staffing group Empresaria (EMR) argued “encouraging resilience” but I concluded, with the shares down to 37p, still only on the watchlist as the continuing trading trajectory suggested to continue to avoid. The shares most recently closed at 34.5p, and what of now a further trading update?

Empresaria (#EMR) – Q3 adj. net fee income -4% YoY, now expects Q4 “worse than previously forecast with market conditions in Germany particularly challenging”

Empresaria (#EMR) – H1 loss, “market conditions remain challenging”

Empresaria – trading update, is there “encouraging resilience” from it?

International staffing group Empresaria (EMR) has issued a trading update headlined “Encouraging resilience in temporary and contract despite ongoing challenging market conditions”. So what of a current share price response down 7.5% to 37p?

Empresaria (#EMR) – H1 adj. net fee income -9% YoY, “market conditions remain challenging”

Empresaria (#EMR) – 2023 adj. EPS down to just 0.6p, DPS to 1p, notes continuing “challenging market conditions”

Empresaria – trading ‘macroeconomic impact’, but Offshore Services business potential?

International staffing group Empresaria (EMR) has issued a trading update headlined “Profits in line with current market expectations; Offshore Services continues to outperform”. So what of a share price currently more than 4% lower in response at 34p?

Empresaria (#EMR) – 2023 net fee income -12%, “global economic environment remains challenging”

Empresaria – notes expected full year adjusted profit before tax, but not that it’s a significant further downgrade…

Previously writing on international staffing group Empresaria (EMR), in August with the shares at 40.5p I concluded that I retained concern on the group meeting market expectations and, even on it being able to do so, how it would translate to the bottom-line and, therefore, continued to avoid. The shares most recently closed at 40p, but what of today a “Trading Update”?

Empresaria (#EMR) – warns with “clients deferring hiring decisions and/or start dates”

Empresaria – interims, how much progress to again delivering growth?

International staffing group Empresaria (EMR) has announced results for the first half of 2023 noting “challenging market conditions” impact but that “adjusted profit before tax for the full year expected to be in line with current market expectations”. What’s the detail of this compared to a current 40.5p share price?

Empresaria (#EMR) – H1 swing to loss, “market has yet to show any significant or sustained signs of improvement”

Empresaria – “materially lower” profit warning, hopefully prior caution on the half-year results was heeded!

Previously writing on international staffing group Empresaria (EMR), in May with the shares down to 53p I cautioned that the half-year results look set to be particularly unfavourable and concluded to avoid. The shares most recently closed at 52p, but today “a trading update ahead of announcing its interim results on 22 August”… and what of the shares currently down at 38p?

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?

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