Staffline Group Full Year 2023 Earnings: EPS Misses Expectations

Staffline Group (LON:STAF) Full Year 2023 Results

Key Financial Results

• Revenue: UK£938.2m (flat on FY 2022).
• Net loss: UK£8.40m (down by 321% from UK£3.80m profit in FY 2022).
• UK£0.053 loss per share (down from UK£0.023 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Staffline Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Recruitment GB segment contributing a total revenue of UK£763.0m (81% of total revenue). Notably, cost of sales worth UK£857.4m amounted to 91% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK£65.6m (74% of total expenses). Explore how STAF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom.

Performance of the British Professional Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Staffline Group that you should be aware of.

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