Michael Page International PLC
09 December 2002
9 December 2002
Pre Close Period Trading Update
Michael Page International plc, the professional recruitment consultancy,
confirms that it remains on track to meet the current consensus of analysts'
earnings estimates for the year ending 31 December 2002. The Company will be
meeting with analysts and investors this week to provide a trading update ahead
of the close period preceding its preliminary results announcement.
As announced in October, revenues going into the final quarter softened against
a backdrop of weakening business confidence in the UK and Continental Europe and
this trend has continued during the period. Revenues for the quarter are now
anticipated to be between £42.5m and £44m. The Company continues to pay close
attention to its cost base.
Commenting, Terry Benson, Chief Executive of Michael Page, said:
"The strength of the Michael Page brand and a tight control of costs are
enabling us to trade relatively well in difficult market conditions. While we
are preparing for a continuation of the same challenging environment during
2003, we remain committed to maintaining our market presence, making sensible
investments in new business opportunities and technology whilst at the same time
continuing to control costs."
Contacts:
Michael Page International plc
Terry Benson Chief Executive 020 7269 2205
Stephen Puckett Finance Director 020 7269 2205
Financial Dynamics
David Yates/Richard Mountain 020 7831 3113
(Ends)
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.