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13 January 2021 Q4 Results Summary * ● ● Group gross profit of £ 165.5m , -20.2 % ( Q3 : -31.9 % ) Monthly sequential improvement through the quarter , exiting in December at -18.2 % Large , High Potential markets ( 34 % of Group ) -17 % EMEA -18.6 % : France -20 % ; Germany -13 % ● ● ● ● ● Asia Pacific -10.2 % : Greater China -10 % ; SE Asia -13 % ; Japan + 18 % Americas -23.2 % : US -31 % ; Latin America -13 % UK -34.2 % : Michael Page -31 % ; Page Personnel -43 % Strong cash position , net cash of c . £ 165m ( Q3 2020 : £ 152m , Q4 2019 : £ 98m ) Reduction in fee earner headcount of 78 in Q4 Fee earner headcount reduced by a net 882 ( 15 % ) for the year , with recent joiners or those on performance review leaving , partially offset by the hiring of c . 400 experienced fee earners * In constant currencies except where stated otherwise Q4 GROSS PROFIT ANALYSIS Year - on - year EMEA Asia Pacific Americas UK Total FOURTH QUARTER AND FULL YEAR 2020 TRADING UPDATE Permanent Temporary PageGroup Year - on - year EMEA Asia Pacific Americas UK Total Permanent Temporary FULL YEAR GROSS PROFIT ANALYSIS PageGroup % of Group 53 % 20 % 14 % 13 % 100 % 73 % 27 % % of Group 52 % 20 % 15 % 13 % 100 % 72 % 28 % Q4 2020 87.7 34.0 22.8 21.0 165.5 121.3 44.2 FY 2020 318.8 121.1 88.8 81.0 609.7 436.6 173.1 Reported ( £ m ) Q4 2019 103.5 37.4 32.3 31.9 205.1 150.6 54.5 Reported ( £ m ) FY 2019 418.3 163.3 138.8 135.1 855.5 643.8 211.7 % -15.2 % -9.0 % -29.6 % -34.2 % -19.3 % -19.5 % -18.9 % % -23.8 % -25.8 % -36.0 % -40.1 % -28.7 % -32.2 % -18.2 % Constant % -18.6 % -10.2 % -23.2 % -34.2 % -20.2 % -20.0 % -20.7 % Constant % -24.5 % -25.1 % -31.4 % -40.1 % -28.2 % -31.5 % -18.0 % Worldwide leaders in specialist recruitment page.com