A company delivering financial results ahead of its 2020 performance is reassuring, but easy in most industries. However, growing ahead of numbers that were notched-up pre-Covid deserves more attention. PageGroup has done just that, posting second-quarter gross profits 2 per cent ahead of 2019 at constant currency rates and almost double last year’s level.
The recruiter raised operating profit guidance for this year to between £125 million and £135 million, ahead of a paltry £17 million last year, as the improvement in hiring activity has continued to accelerate.
The shares have risen by more than a quarter since the start of this year and more than doubled since the path out of lockdown was first laid out in November, significantly outperforming the FTSE 250 over
