FINANCIALS: Robert Walters sees group revenue grow across the board

Global recruiter Robert Walters has seen group revenue increase 23% year-on-year, according to results for the year ended 31 December 2016.

The group’s results, published this morning, reveals group revenue rose from £812.7m to £998.5m in 2016, while gross profit increased 19% from £234.4m to £278.3m over the same period.

Across the group, UK net fee income grew 8% to £86.7m, while NFI in Asia Pacific was up 22% with the group’s Japan business delivering a record performance. NFI in Europe was up 30% on 2015 with record performances in France, Netherlands and Belgium.

The group’s Resource Solutions business also saw strong NFI growth benefitting from significant investment made during H1 2016.

Commenting on the results, CEO Robert Walters said he was very pleased to report a record set of results for the group with profit before tax increasing by 26% to £28.1m. 

“We grew NFI across all of the group's regions and opened offices in four new countries: Canada, India, the Philippines and Portugal.

"Looking ahead, we remain mindful of the unpredictable geopolitical environment, however, the group's global footprint coupled with the range of recruitment services we provide positions us well to maximise opportunities for growth as they arise."

The firm will publish an interim management statement for the first quarter ending 31 March 2017 on 11 April.

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