Finance
UK's PageGroup sees profit slump to $30 million in 2025
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
PageGroup forecasts a $30 million profit for 2025, down from 2024, due to European market challenges. Some improvements noted in Asia and the U.S.
(Reuters) -British recruiter PageGroup forecast on Thursday an annual operating profit of about 22 million pounds ($29.95 million), down from last year but in line with market view, months after withholding it due to U.S. tariff uncertainty.
PageGroup's performance has been decimated in recent years as troubles keep compounding for the company, which has been plagued by substantial underperformance in some European businesses and had to cut jobs in April to survive a wider sectoral slump.
It had clocked in an operating profit of 52.4 million pounds in 2024.
"We saw a slight deterioration in activity levels and trading in Continental Europe, particularly in our two largest markets, France and Germany," CEO Nicholas Kirk said in a statement.
However, Kirk said the company saw some improvement in activity, trading and customer confidence in Asia and the U.S.
The company said its second-quarter earnings fell 10.5% to 194.8 million pounds, as hiring activity remains subdued across sectors.
($1 = 0.7346 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)
PageGroup forecasted an annual operating profit of about 22 million pounds, which is approximately $29.95 million.
The company has experienced substantial underperformance in some European businesses, particularly in France and Germany.
PageGroup's second-quarter earnings fell by 10.5% to 194.8 million pounds, indicating subdued hiring activity across sectors.
Despite challenges in Europe, PageGroup noted some improvement in activity, trading, and customer confidence in Asia and the U.S.
In 2024, PageGroup reported an operating profit of 52.4 million pounds.
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