Full year Results show record revenues of €433.4m, 22% increase in profit, 25% increase in revenue in Northern Ireland, and EPS of 43.9c

Cpl Resources Plc, Ireland’s leading employment services group, which employs 25 people in its Northern Ireland offices today reports a record year with a 10% increase in revenues to €433.4m in the year to June 30th, 2016. 

The business which has seen revenue increase in Northern Ireland by 25% opened new Belfast offices earlier this year to accommodate its growing local team, having recruited 10 new consultants.  

Group gross profit has increased by 19% to €70.1m and Adjusted Profit before tax has increased by 22% to €17.4m.

Earnings per share have grown 9% to 43.9 cent (2015: 40.2 cent) with a total dividend per share of 11.0 cent (an 11% increase, from 9.75 cent in 2015). 

Demand for both permanent and temporary roles grew across most sectors, growing 21% and 18% respectively.   This year Cpl employed over 12,000 staff on client sites in high quality jobs in sectors such as technology, pharma and financial services industries.  This represents a growth of nearly 17% in Cpl–employed staff on behalf of clients.

The company has invested heavily in people and technology in the last 18 months.  Cpl attributes its growth and success to the outstanding talent, expertise and commitment of Cpl’s people and their dedication to delivering excellence.  The acquisition of Clinical Professionals has been integrated into the Group and extends reach and builds on the services it offers clients.

Áine Brolly, Chief Executive, Cpl in Northern Ireland commented:

“Today’s results reflect Cpl’s ambition and commitment to grow its market share in Northern Ireland.   We have positioned our business well to achieve the growth opportunities that exist in the local marketplace and our outstanding local team has leading industry knowledge and expertise across technology, professional services, technical engineering and financial sectors which augurs well for our continued success.”

John Hennessy, Chairman commented:

“The year to the end of June 2016 has been a year of growth for Cpl, resulting in record revenues and net fee income.  These results have been achieved in a challenging and highly competitive environment and reflect the outstanding service delivered to our clients by all of our people.  Employment trends and economic indicators are broadly positive in our principal markets, and we expect to continue to grow profitably in the months ahead.”

Anne Heraty CEO added:

“Cpl had a record year, with revenues and gross profits of €433.4m and €70.1m respectively. The investments we made over the past 18 months in people, in technology and in our talent innovation hub are paying off. We are committed to delivering outstanding service to our clients and candidates, supporting them to succeed in a changing environment. I am particularly pleased that we ended the year with in excess of 12,000 people working with or on behalf of Cpl, an increase of over 1,700 on the year.”

Full statement follows

ENDS

For further media information please contact:  Shane Finnegan at Aiken on 07764534565 or email shane@aikenpr.com

1 September 2016

Cpl Resources Plc

Results for the Full Year Ended 30 June 2016

Dublin, 1 September 2016: Cpl Resources Plc (‘Cpl’, the ‘Group’ or the ‘Company’), Ireland’s leading employment services group, today announced results for the year ended 30 June 2016.

 Full Year Highlights

·         Revenue increased by €39.7 million, to €433.4 million

·         Gross Profit increased by 19% to €70.1m

·         22% increase in adjusted Profit before tax to €17.4 million

·         Earnings per share of 43.9 cent  (2015: 40.2 cent)

·         Total dividend per share of 11.0 cent  (2015: 9.75 cent)

John Hennessy, Chairman commented:

“I am pleased to report that the 12 months ended 30 June 2016 has been a year of growth for Cpl, resulting in record revenues and net fee income.  These results have been achieved in a challenging and highly competitive environment and reflect the outstanding service delivered to our clients by all of our people.  Employment trends and economic indicators are broadly positive in our principal markets, and we expect to continue to grow profitably in the months ahead.”

Anne Heraty CEO added:

“Cpl had a record year, with revenues and gross profits of €433.4m and €70.1m respectively. The investments we made over the past 18 months in people, in technology and in our talent innovation hub are paying off. We are committed to delivering outstanding service to our clients and candidates, supporting them to succeed in a changing environment. I am particularly pleased that we ended the year with in excess of 12,000 people working with or on behalf of Cpl, an increase of over 1,700 on the year.”

For Further Information:

Anne Heraty, CEO, CPL Resources Plc: +353 1 614 6000

Mark Buckley, CFO, CPL Resources Plc: +353 1 614 6000

Ivan Murphy/ Daragh O’Reilly, Davy Corporate Finance: +353 1 679 6363