A leading national recruitment and training provider
c. 38,000
c. 400
c. 45
c. 30
c. 15,000
54
Temp
On-sites
Driving
Branches
Learners
Prisons
workers
Onsites
(Ireland)
Locations key:
- Recruitment GB
- PeoplePlus
- Recruitment Ireland
2
Highlights
Trading in line with expectations
Strong growth in -
Permanent hiring, fees up 113%
Ireland, operating profit up 25.0%
RPO, Staffline's managed service (Datum)
Gross profit up 2.3%, perm fees increase to 10% of Recruitment gross profit (2021: 5%)
Successful implementation of £60m (revenue per annum) BMW contract
Restart successfully mobilised and on track, with operating profit expected in H2
PeoplePlus awarded new £15m contract (Justice)
Investment in future growth; headcount in recruitment up 8%
3
H1 2022 Financials
Daniel Quint, CFO
Revenue and profits
Revenue
Gross profit
Underlying
operating profit*
-2.8%
+2.3%
-13.0%
£4.6m
£4.0m
£450.7m
£39.0m
£39.9m
£438.0m
H1 2021
H1 2022
H1 2021
H1 2022
H1 2021
H1 2022
Gross profit conversion
Gross margin
to operating profit
8.7% → 9.1%
11.8% → 10.0%
Notes:
*Underlying operating profit before amortisation of intangible assets arising on business combinations.
Revenue: Lower working hours in blue collar
Un-seasonallystrong comparators in Q1 2021 (lockdown)
Exit from low margin contracts
Gross Profit: growing perm /white collar
Gross margin increased to 9.1%
Costs
Investment in headcount c.£1m
Omicron £0.3m
Revenues and profit from Restart deferred into H2
5
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Staffline Group plc published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:30 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 
