Norman Broadbent PLC hails flexibility as it reports underlying

Norman Broadbent (), the recruitment and consultancy firm, has said it will post an underlying profit for the half-year to June with coronavirus (COVID-19) disruption only slightly affecting revenue.

In a statement ahead of the group”s AGM, Norman Broadbent’s chief executive, Mike Brennan said that net fee income in the six months to June 30, 202, declined by less than 10% compared to a year ago while it recorded a small positive underlying profit (EBITDA).

WATCH: Norman Broadbent ‘in a good position’ after reporting first half profit

“Early and decisive action was taken to align our cost base to changed circumstances and to put in place the necessary technical solutions and working protocols enabling us to continue serving clients despite lockdown,” the CEO added.

“The dedication of our staff and our strategy of building an innovative, diversified, and agile business, has meant we have been better placed to respond to market challenges than many competitors.

“Our 2019 results and continued positive momentum in 2020 during this most difficult of times, is down to their hard work, dedication, and commitment,” said Brennan.

Steve Smith, Norman Berandbent’s CFO/COO, added: “As the group continues to offer clients bespoke solutions incorporating Consulting, Interim, Research & Insight, and high‐quality fully retained Talent Acquisition services, looking ahead, we continue to see a diversified pipeline of business going into H2.”