PageGroup plc (MPGPY) Q3 2025 Sales Call Transcript

Core Insights - PageGroup reported a gross profit of GBP 187.8 million for Q3, reflecting a decline of 6.7% in constant currencies [3] - The company experienced variable market conditions, with subdued sentiment particularly in Europe, especially in France, Germany, and the U.K. [3] - The U.S. market showed resilience with the fourth consecutive quarter of growth, while Asia also recorded a second consecutive quarter of growth [3] Financial Performance - Gross profit for the quarter was GBP 187.8 million, down 6.7% in constant currencies [3] - The decline in profit is attributed to challenging market conditions across Europe [3] Market Conditions - There is a noted lack of confidence and sentiment in the European markets, particularly in the company's largest markets: France, Germany, and the U.K. [3] - In contrast, the U.S. and Asia markets are performing positively, contributing to the overall growth of the company [3] Operational Adjustments - The company has reduced its fee earner headcount in response to the current market conditions [4]