Shares in healthcare and fitness provider Totally PLC (AIM:TLY) tumbled 23% to 21.7p on the back of a profit warning.
High inflation, national strikes and workforce shortages have increased the reliance on agency staff, said AIM-quoted Totally in a statement.
As a result, it now expects underlying profits (EBITDA) for the year ending 31 March 2023 to be £6.3mln, which is below current market expectations.
"We continue to take a range of actions to manage costs and reduce our reliance on agency staff and remain confident in the quality of our services, our ability to deliver and the opportunities available for independent providers in this sector,” said chief executive Wendy Lawrence.