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PageGroup celebrates record profits

Recruitment agency has hired over 900 fee earners after slashing jobs in 2020
March 3, 2022
  • Profit per fee earner up 44 per cent
  • Future of jobs market is still unclear

Another day, another jubilant recruitment company. Like others, PageGroup (PAGE) is celebrating bumper annual results, having reported a record operating profit of £169mn, which is ahead of its previous (boosted) guidance of £165mn. 

2020 is not a tough comparator, of course. PageGroup – like all of its peers – saw profits plunge during the first lockdown and scaled back its workforce accordingly. However, the group is now beating 2019 levels as well. That began in April 2021, and PageGroup delivered growth in constant currency terms of 2 per cent, 13 per cent and 24 per cent for quarters two, three and four last year.

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