UK staffing firm Impellam Group plc reported revenue today for the six months ending 2 July 2021 of £1.09b, an increase of 8.2 percent on a like-for-like basis when compared to the previous year.
Revenue reportedly grew in the first half of the year as trading recovered in the US, UK and Europe regions after the impact of the pandemic from Q2 2020. US and UK operations saw the strongest gross profit growth over the half year, up 13.3 percent and 9.9 percent respectively, while APAC is still impacted by COVID-19 and declined by 10.6 percent.
The Group reported a temporary recruitment gross profit increase of 6.8 percent and permanent recruitment up 33.7 percent; with permanent recruitment now making up 10.6 percent of gross profit.
Julia Robertson, Chief Executive Officer of Impellam, said, “Our H1 performance has surpassed expectations. We started 2021 with a degree of optimism following the decisive moves we made in 2020 to re-shape our business for the long term by transforming and de-layering our business to free up our virtuosos to do what they do best, finding good work for people and people for good work.”
“However, almost immediately, the UK was placed back into lockdown and schools were closed meaning that we reverted to the well-trodden home working patterns of 2020 with practised speed and agility,” Robertson said. “With a simplified regional business structure and reduced management layers we have reacted quickly to changing end-market conditions and have made significant investments in digitalisation and new virtuoso fee earners whilst retaining the substantial cost base savings from the transformation of our business in 2020.”
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