PageGroup PLC said Monday that gross profit in the first quarter of 2023 rose driven by growth in its Europe, Middle East and Africa market, and it expects full-year operating profit to meet market expectations.
The recruitment company said gross profit rose slightly to 262.7 million pounds ($326.1 million) in the first quarter from GBP258.0 million in last year’s period.
The rise was driven by the EMEA region, where gross profit grew 12% to GBP145.4 million, offsetting declines in its Asia-Pacific and U.K. markets of 15% to GBP41.2 million and 9% to GBP33.4 million, respectively.
Positive foreign-exchange movements also boosted gross profit by GBP10.8 million, the company said.
Looking ahead, the company said it expects operating profit for 2023 to be in line with company-compiled consensus expectations of GBP140 million.