Page Group Q3 Results Indicate Market Stabilization

11 days ago

Louise Moon

"Page Group had their their third quarter results today and it follows two of their peers. So, we had Hayes last week and Robert Walters yesterday and and essentially it's together they're pointing to this trend um of the market starting to improve. It's been really battered over the past year longer and their their results collectively are are showing kind of slight upbeat market. So, Page Group this morning had a milder drop in gross profits in the third quarter when you compare it to the first half. They said that um Europe the European market is still tough. They they noted what they call subdued confidence and sentiment, but the US and Asia are uh stable. They're saying clients are still risk averse. You know, budgets are tightening, but they're on track to hit their four-year goals. Um they're doing also doing a lot of cost cutting work. So shares are higher about 6%."

The commentary on Page Group indicates a modest turnaround in the recruitment sector with Q3 results showing less severe profit declines and ongoing cost-cutting initiatives, amid mixed global market sentiment.

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