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    STAF   GB00B040L800

STAFFLINE GROUP PLC

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Staffline : shares pop as profits rise despite lorry drive shortage

07/28/2021 | 04:11am EDT

Shares in recruiter Staffline popped nearly 10 per cent this morning after it predicted a rise in gross profits for the half year.

Revenue for first half is expected to be £450.7m, up from £430.3 million for the same period last year, up 4.7 per cent.

Gross profit expected to be £39m, up 14 per cent from last year’s figure of £34.2m.

The FTSE-listed recruiter said the improvements came despite a backdrop of “despite challenges in the specialist driving division due to the widely reported acute labour shortages”.

Shares jumped out of bed this morning, up 9.8 per cent at one point, before paring gains to trade up 5.1 per cent at 61p a short time ago.

 Staffline said it had performed better in recruiting staff for food, logistics and e-commerce companies, with additional margin gains arising from new business wins in online food distribution.

Staffline’s cash prosition improved to £20.9m after it raised £44m in new equity from shareholders last month.

The post Staffline shares pop as recruiter's profits set to rise despite lorry drive shortages appeared first on CityAM.

© City AM, source Newspaper

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Financials
Sales 2021 954 M 1 304 M 1 304 M
Net income 2021 - - -
Net Debt 2021 32,3 M 44,2 M 44,2 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 120 M 164 M 164 M
EV / Sales 2021 0,16x
EV / Sales 2022 0,16x
Nbr of Employees 2 357
Free-Float 63,9%
Chart STAFFLINE GROUP PLC
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Staffline Group plc Technical Analysis Chart | STAF | GB00B040L800 | MarketScreener
Technical analysis trends STAFFLINE GROUP PLC
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Mean consensus BUY
Number of Analysts 1
Last Close Price 73,00 GBX
Average target price 100,00 GBX
Spread / Average Target 37,0%
Managers and Directors
Albert George Hector Ellis Group Chief Executive Officer & Executive Director
Daniel Simon Quint Chief Financial Officer & Executive Director
Ian Michael Lawson Non-Executive Chairman
Richard Thomson Senior Independent Non-Executive Director
Ian Marshall Starkey Independent Non-Executive Director
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