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Michael Page

At a Glance

Looking at 2008 as a whole, Michael Page delivered a good set of results. However, it was a year of two halves with a strong first half being followed by a progressively weaker second half as the economic environment deteriorated.

Our strategy of diversifying by both specialist discipline and geography has increased our resilience and our balance sheet has never been stronger. We believe the Group is well positioned to benefit when market conditions improve and we remain confident in the longer term prospects of the Group.

 

Financial Highlights Q1 2009

  • Group Q1 gross profit of £95.0m (2008: £140.3m) a decrease of 32.3% (39.7%*)
  • EMEA gross profit (50% of Group) of £47.7m (2008: £65.2m) a decrease of 26.8% (39.1%*)
  • UK gross profit (30% of Group) of £28.9m (2008: £47.1m) a decrease of 38.7%
  • Asia-Pacific gross profit (10% of Group) of £9.4m (2008: £16.4m) a decrease
    of 42.3% (49.1%*)
  • Americas gross profit (9% of Group) of £9.0m (2008: £11.6m) a decrease of 22.6% (33.6%*)
  • Permanent gross profit (70% of Group) lower by 39.3% (46.5%*)
  • Temporary gross profit (30% of Group) lower by 7.0% (15.3%*)
  • Group headcount decreased by 809 (16%) in Q1 to 4,134

 

* Denotes where overseas results denominated in foreign currencies have been translated at constant rates of exchange for constant currency illustrative purposes.

Who We Are

Michael Page has built a cast-iron reputation on its consultative approach. Our understanding of the markets and the businesses and individuals within these markets enables us to facilitate the perfect match between all parties. Clients ranging from global multi-nationals to SMEs trust us to source permanent, contract, temp and interim talent in:

  • Accounting, Tax and Treasury
  • Financial Services and Banking 
  • Consultancy, Strategy and Change
  • Engineering & Manufacturing 
  • Hospitality & Leisure 
  • Human Resources
  • IT & Technology
  • Legal
  • Marketing
  • Policy
  • Procurement & Supply Chain
  • Property & Construction
  • Retail 
  • Sales
  • Secretarial

Countries where we understand the market:

 

Our Strategy

Our strategy is one of organic growth, being long term investment in diversification, guaranteeing our resilience to the economic cycle. Geographic and cross-discipline expansion has reduced our dependency on any one market and the success of this approach is increasingly evident., with 60% of revenue generated outside the UK.

Our geographic spread by number of countries has increased from 4 in 1990 to 28 in June 2008. with EMEA now our largest region.

We continue to organically grow existing and new teams, offices, disciplines and countries through a consistent team and meritocratic culture. Teams worldwide are typically a Manager and three consultants, with the manager assuming full Profit and Loss responsibility for their teams.

Every consultant is critical to our business. Our recruitment, training and development programme guarantees their quality and integration with our values.

Over the last 30 years Michael Page has developed a clear brand strategy for the middle to senior management professional market. We are now a high profile brand, globally recognised, that enables us to attract consultants, candidates and clients in an ever increasing number of countries.

 

As part of a team-based meritocracy, it’s in the interest of every consultant to fan the entrepreneurial flame. Michael Page supports profit share rather than a commission based system, with bonuses allocated according to contribution to the team.

 

  • Company Industry:Recruiting / Staffing
  • Company Type:Corporation
  • Number of Employees:501-5000
  • Stock Symbol:MPG
  • Line of Business:

    Michael Page International has more than 32 years expertise in professional services recruitment. Over this period we’ve grown organically to establish ourselves as one of the best-known and most respected consultancy companies, employing more than 3,702 people in 142 offices and 28 countries worldwide.

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