Michael Page International PLC
11 December 2001
11 December 2001
Michael Page International
Full year 2001 close period update
Expected 2001 Results in line with Analysts' Forecasts
In advance of the close period preceding its full year results announcement
for 2001, Michael Page International plc, the professional recruitment
consultancy, confirms that the trading outlook for the year is in line with
the consensus of analysts' expectations. The company will announce its full
year results for the year ending 31 December 2001 on 25 February 2002.
Key points:
* Revenues (gross profits) continue to be affected by lower business
confidence, particularly in Continental Europe and Asia-Pacific
* Revenue from temporary placements is proving more resilient in slowdown,
temp revenue now accounts for over 25% of Group revenues
* Cost base continues to be tightly controlled
* Group will have positive net cash position at year end
* New Jersey (USA) office opened in December and Stockholm (Sweden) office
opening in January 2002, in line with the Group's longer term growth
strategy
Enquiries:
Michael Page International plc
Terry Benson, Chief Executive
Stephen Puckett, Finance Director Tel: 020 7269 2205
Financial Dynamics
David Yates Tel: 020 7269 7291
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