A leading national recruitment and training provider
c. 400
c. 38,000
c. 45
c. 30
c. 15,000
54
c.20,000
temp
Onsites
Driving
branches
learners
prisons
prisoners
workers
Onsites
(Ireland)
Locations key:
- Recruitment GB
- PeoplePlus
- Recruitment Ireland
2
Highlights 2021
Results ahead of expectations
Significant improvements
Margins
Conversion ratios
Productivity
Strong organic like-for-like growth
All 3 divisions grew profitability
Strategic priorities achieved
New contracts
Equity raise & refinancing completed in 2021
3
Full year results
Daniel Quint, CFO
Revenue and profits
Revenue
+1.6%
Gross profit
+11.0%
Underlying
operating profit*
+114.6%
•
Exit from low
margin customers
•
Lockdown release
led to recovery in
£927.6m
£942.7m
£82.8m
£74.6m
£10.3m
£4.8m
higher margin
customers
• Strong control of
overheads drives
conversion
2020 2021
2020 2021
Gross margin
8.0% → 8.8%
2020 2021
Gross profit conversion
to operating profit
6.4% → 12.1%
Notes:
These results relate to continuing activities. The 2020 results excluded the results of the Apprenticeships business sold in December 2020 and the Poland subsidiaries, which are held for sale.
*Underlying operating profit before amortisation of intangible assets arising on business combinations, goodwill impairments, reorganisation costs and other non-underlying charges
5
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Staffline Group plc published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 07:19:02 UTC.
Staffline Group plc is a United Kingdom-based recruitment and training company. The Company is engaged in the provision of recruitment and outsourced human resource services to industry and the provision of skills-based employability training and support. It has three divisions: Recruitment GB, Recruitment Ireland and PeoplePlus Division. Recruitment GB division provides flexible blue-collar workers, supplying c.28,000 staff per day on average from around 400 sites. Recruitment Ireland division provides end to end solutions, operating across twenty industries, ten branch locations and ten onsite customer locations, supplying c.4,000 staff per day on average, and offering recruitment process outsourcing, managed service provision, temporary and permanent solutions across the island of Ireland. PeoplePlus Division provides adult skills and training in the United Kingdom, delivering adult education, prison education and skills-based employability programs across the country.
STAFFLINE GROUP PLC 
