PageGroup plc (MPGPY) Q1 2026 Sales/Trading Call Transcript

SA Transcripts159.28K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call PageGroup plc (MPGPY) Q1 2026 Sales/Trading Call April 14, 2026 3:30 AM EDT Company Participants Kelvin Stagg - CFO, Member of Executive Board & Executive DirectorNicholas Kirk - CEO, Member of the Executive Board & Executive Director Conference Call Participants Abi Bell - UBS Investment Bank, Research DivisionRemi Grenu - Morgan Stanley, Research DivisionSteven Woolf - Deutsche Bank AG, Research DivisionKarl Green - RBC Capital Markets, Research DivisionJames Clark - Barclays Bank PLC, Research Division Presentation Operator Good morning, everyone, and thank you for joining us on today's PageGroup Q1 trading update. My name is Drew, and I'll be the operator on the call today. After today's prepared remarks, we will have a Q&A session. [Operator Instructions] With that, it's my pleasure to hand over to Kelvin Stagg, Chief Financial Officer, to begin. Please go ahead. Kelvin StaggCFO, Member of Executive Board & Executive Director Thank you, Drew. Good morning, everyone, and welcome to the PageGroup 2026 First Quarter Trading Update. I'm Kelvin Stagg, Chief Financial Officer; and on the call with me is Nick Kirk, Chief Executive Officer. Although I will not read it through, I'd just like to make reference to the legal formalities that are covered in the cautionary statement in the appendix to this presentation and which will also be available on our website following the call. The group produced another resilient performance despite the heightened geopolitical and macroeconomic uncertainty. Q1 gross profit was GBP 187 million, a decline of 4.9% in constant currencies against 2025. Our fee earner headcount increased by 26 or 0.5%, driven by growth in the Americas and Asia Pacific, partially offset by reductions in EMEA in the U.K. Overall, the group ended the quarter with 4,994 fee earners and a total headcount of 6,801. Despite the challenging macroeconomic