Empresaria Group PLC's (AIM:EMR) share price dropped 21% after the staffing group warned of worsening market conditions, saying permanent recruitment demand generally remains "extremely subdued".
Germany and the Asia-Pacific region were highlighted. Net fee income in the third quarter fell 4% year-on-year, an improvement over the 9% decline in the first half. However, the outlook for the rest of the year has dimmed.
Empresaria now expects full-year adjusted profit before tax to be no more than £2 million.
In early trading, the stock was off 7.13p at 27.37p.