Staffline Group (STAF)

Sector:

Support

Index:

FTSE AIM All-Share

 39.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 92.80
  • 52 Week Low: 38.64
  • Currency: UK Pounds
  • Shares Issued: 165.72m
  • Volume: 27,688
  • Market Cap: £65.38m
  • RiskGrade: 424

Staffline FY underlying operating profits more than double YOY

By Iain Gilbert

Date: Tuesday 25 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Recruitment and training group Staffline said on Tuesday that full-year underlying operating profits had more than doubled year-on-year, underpinning the group's "increased confidence" for 2022.
Staffline stated underlying operating profits had shot up 108.3% to £10.0m in the twelve months ended 31 December, while gross profits had increased 11% to £82.8m.

Revenues were 1.6% higher at £942.7m, while the group swung from a net debt position of £8.8m at the end of 2020 to a net cash standing of £6.9m as of 31 December.

The AIM-listed group added that this momentum was expected to continue into 2022, supported by "a strong new business pipeline", a lower overhead cost base, and the expected post-Covid recovery of historically strong Staffline recruitment sectors, such as automotive, manufacturing, aerospace and travel.

Chief executive Albert Ellis said: "To have achieved such a strong profit performance during a year which presented a number of industry-wide challenges is testament to the underlying strength of our market-leading positions and the group's unrivalled reputation for delivery of labour at scale to major organisations across the UK in critical sectors.

"The pipeline for 2022 is encouraging, underpinning the board's increased confidence in the current financial year and beyond."

As of 0855 GMT, Staffline shares had surged 11.44% to 61.85p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Staffline Group Market Data

Currency UK Pounds
Share Price 39.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 92.80
52 Week Low 38.64
Volume 27,688
Shares Issued 165.72m
Market Cap £65.38m
RiskGrade 424

Staffline Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.47% above the market average63.47% above the market average63.47% above the market average63.47% above the market average63.47% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Price Trend
26.79% below the market average26.79% below the market average26.79% below the market average26.79% below the market average26.79% below the market average
22.52% below the sector average22.52% below the sector average22.52% below the sector average22.52% below the sector average22.52% below the sector average
Income Not Available
Growth
36.12% below the market average36.12% below the market average36.12% below the market average36.12% below the market average36.12% below the market average
42.06% below the sector average42.06% below the sector average42.06% below the sector average42.06% below the sector average42.06% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Staffline Group Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Oct-18 31-May-18
Paid 13-Nov-18 03-Jul-18
Amount 11.30p 15.70p

Trades for 08-Aug-2022

Time Volume / Share Price
13:20 104 @ 38.81p
13:14 1,262 @ 39.28p
10:12 550 @ 38.64p
08:39 12,886 @ 38.83p
08:39 12,886 @ 38.83p

Staffline Group Key Personnel

CEO Albert Ellis
CFO Daniel Quint

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