26 February 2025
Empresaria Group plc
("Empresaria" or the "Group")
Strategic
Update
Empresaria (AIM: EMR), the
specialist staffing group, provides an update on its strategy ahead
of announcing its full year results on 27 March 2025.
Strategic update
We previously identified three
pillars for growth: a focus on our core sectors of Professional, IT
and Healthcare; diversification of our service offering to our
clients; and delivering continued growth in Offshore
Services.
As part of our focus on our core
sectors we made good progress in simplifying the Group in 2024,
exiting from five small individual operations in Finland, China,
Australia, Japan and the UK all of which operated in sub-sectors or
markets where we did not plan to invest. We are now accelerating
our strategy by sharpening our focus on our core sector operations
in the UK and the US while continuing to develop our other two
pillars for growth.
As a result, we plan to continue to
exit from those operations that are not aligned with this strategy,
creating a more cohesive and streamlined Group consisting
of:
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Core operations in the UK (IT and
Professional)
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Core operations in the US (IT,
Professional and Healthcare)
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Offshore Services based in
India
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This strategy enables us to scale
our businesses more efficiently and effectively. The UK and the US
are two of the world's largest staffing markets and provide
significant opportunities for growth, cross-selling,
diversification and operational synergies. With a strong presence
and proven track record in these markets, we can better leverage
client relationships, shared efficiencies, and sector
expertise.
These operations are supported by
our Offshore Services business which has been a great success story
for the Group over many years, delivering 25% compound annual
growth rate in net fee income between 2017 and 2024. We see
significant opportunity to drive the next phase of growth through
expanding our offering to existing clients and taking our
back-office services to clients outside of recruitment.
Focussing on the UK and US alongside
Offshore Services will enable us to invest in growth more
efficiently and accelerate the delivery of impactful projects and
initiatives. In 2025, we will move to a single brand across the UK
and US operations to enable us to more effectively engage with
clients, expand our offering to them and build our market presence
while retaining the benefits of specialist teams.
This represents a significant
transformation of the Group which we believe will help us to drive
scale in these areas, improve the Group's financial position and
enhance value for our shareholders. The exits are expected to take
up to two years as we look to find the best home for these
businesses and maximise the value achieved. On completion we expect
to have eliminated the Group's net debt position and enabled a
significant reduction in the Group's overheads.
We will provide updates on progress
in the normal course of reporting.
- Ends -
Enquiries:
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Empresaria Group plc
Rhona
Driggs, Chief Executive Officer
Tim Anderson, Chief Financial Officer
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via Alma Strategic
Communications
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Singer Capital Markets (Nominated Adviser and Joint
Broker)
Shaun Dobson / Alex
Bond
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020 7496 3000
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Cavendish Capital Markets Limited (Joint
Broker)
Katy Birkin (Corporate
Finance)
Michael Johson / Jasper Berry
(Sales)
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020 7220 0500
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Alma Strategic Communications (Financial PR)
Sam Modlin / Rebecca Sanders-Hewett / Will
Merison
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020 3405 0205
empresaria@almastrategic.com
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Notes for
editors:
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Empresaria Group plc is an
international specialist staffing group driven by our purpose to
positively impact the lives of people, while delivering exceptional
talent to our clients.
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At present we offer temporary and
contract recruitment, permanent recruitment and offshore services
across six sectors (Professional, IT, Healthcare, Property,
Construction & Engineering, Commercial and Offshore Services)
and four regions (UK & Europe, APAC, Americas and Offshore
Services)
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Our accelerated strategy will
continue to offer the same range of services, but focusses the
Group around our UK (IT, Professional), US (IT, Professional and
Healthcare) and Offshore Services operations.
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Empresaria is listed on AIM under
ticker EMR. For more information visit empresaria.com.
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