PageGroup plc (OTCPK:MPGPF) Q2 2025 Earnings Conference Call August 12, 2025 3:30 AM ET
Company Participants
Kelvin John Stagg – CFO, Member of Executive Board & Executive Director
Nicholas Kirk – CEO, Member of the Executive Board & Executive Director
Conference Call Participants
Abi Bell – UBS Investment Bank, Research Division
Andrew Charles Grobler – BNP Paribas Exane, Research Division
Nicholas Kirk
Good morning, everyone, and welcome to the PageGroup Interim Results Presentation. I’m Nick Kirk, Chief Executive Officer. And on the call with me is Kelvin Stagg, Chief Financial Officer.
The group delivered a resilient performance in H1 despite ongoing macroeconomic uncertainty. Whilst activity levels remained robust across most of our markets, we experienced a slight deterioration in activity levels and trading in Continental Europe towards the end of the period, particularly in our two largest markets, France and Germany. Elsewhere, we saw some improvement in activity, trading and customer confidence in Asia and the U.S.
The conversion of accepted offers to placements remains the most significant area of challenge as this macroeconomic uncertainty continued to impact confidence, which extended time to hire. As you know, we have taken robust action to optimize our cost base by simplifying our management structure, reducing our leadership team and improving the efficiency of our business support functions. We remain committed to our strategy and I will update you on our progress later in the presentation. I’ll now hand you over to Kelvin to take you through our financial review.
Kelvin John Stagg
Thank you, Nick. Although I will not read it through, I’d just like to make reference to the legal formalities that are covered in the cautionary statement in the appendix to this presentation, and which will also be available on our website following the call.
Group gross profit was down
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