PageGroup Q1 Shares Drop 6% Amid Middle East Risk

PageGroup Q1 gross profit fell 4.9% YoY to £187 million, missing no guidance but in line with consensus estimate.
Shares dropped over 6% after CEO Nicholas Kirk warned that the Middle East conflict creates an increasingly uncertain outlook for hiring.
EMEA gross profit fell 9.2% to £100.4 million, with France down 14%, Germany down 7%, Netherlands down 26%, Spain up 1%.
Asia‑Pacific and Americas posted consecutive quarterly growth, with AP gross profit up 9.3% to £29.2 million and Americas up 1.1% to £36.5 million.