PageGroup plc Capital Markets Event (9829M)
20 Setembro 2023 - 3:00AM
UK Regulatory
TIDMPAGE
RNS Number : 9829M
PageGroup plc
20 September 2023
PageGroup plc
Capital Markets Event
Updated Strategy targeting GBP400m Operating Profit and GBP1.5bn
in shareholder distributions by 2030
PageGroup plc ("PageGroup" or the "Group") will this afternoon,
at 3.00pm (BST), hold a capital markets event for investors and
analysts. The event will be held in person at the London Stock
Exchange Group, 10 Paternoster Square, London, EC4M 7LS (Room
Forum) and available virtually at the following link:
https://pagegroup.connectid.cloud/
During the event, senior management will present the refined
Group strategy. In particular, we will detail how we intend to
attain our three new strategic goals to be delivered by 2030, those
being:
-- GBP400m Operating Profit
-- A Net Promoter Score of 60+
-- One Million Lives changed
We will explain how we intend to deliver these goals by growing
our core business, as well as focusing on our new strategic areas
of growth - namely Technology, Page Executive and Strategic
Customers.
During the event we will also outline how the Group aims to
achieve a conversion rate in excess of 20%.
We believe that the achievement of these goals will generate
capital distributions to shareholders of over GBP1.5bn during the
period to 2030.
As part of this refined strategy and our increased focus on our
conversion rate target, we have already implemented a number of
initiatives to reduce our cost base. These initiatives will incur a
one off cost in 2023 of c. GBP15m, offset by the majority of the
cost savings being realised in FY23. The net negative impact this
year will be c. GBP5m. Going forward, we expect these initiatives
to deliver annualised savings of c. GBP20m per annum compared to
our FY23 cost base from FY24 onwards.
PageGroup
Julia Dickson, Group Financial Controller 01932 264032
FTI Consulting
Richard Mountain / Susanne Yule 020 3727 1340
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFLTAEIALIV
(END) Dow Jones Newswires
September 20, 2023 02:00 ET (06:00 GMT)
Pagegroup (LSE:PAGE)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Pagegroup (LSE:PAGE)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024