Empresaria (#EMR) – H1 adj. EPS -10%, “optimistic about the year ahead”
- 2022-08-11 07:29:13
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.
Recommending shares in international specialist staffing group Empresaria (EMR) at a 70p offer price last month, we stated there looked reason for confidence that following updates will show further evidence of recovery building and that a full recovery can be delivered – also noting cost action taken last year should come through. Now there has been a half-year trading update and the shares are currently up to 80p.
More recent positive news from the recruitment sector with group spanning 31 countries Robert Walters (RWA) having announced continued positive momentum materially ahead of market expectations. Its shares have though now more than doubled since October and are not too far off highs reached three years ago. Shares in smaller peer, though still operating in 20 countries across the world, Empresaria (EMR) remained above 40p in October, have previously reached well above 100p, and are currently still below 80p despite the company being set for a summer of positive macro-economic tailwinds and the operational gearing they bring.






