FINANCIALS: Hudson’s revenue increase buoyed by ‘solid growth’
Hudson has seen revenue increase 2.2% year-on-year, buoyed by “solid growth” in Belgium, Oceania, France and the Americas.
The global talent solutions company’s Q1 2017 results reveal revenue of $103.4m (£80.2m), with gross margin of $42.4m, up 2.8% on Q1 2016.
The group also recorded a net loss of $1.3m, down from a net loss of $3.5m in Q1 2016 and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $400k, compared with an adjusted EBITDA loss of $2m in the first quarter of 2016.
While in the UK, gross margin fell 11% on Q1 2016, strong growth was recorded in Belgium, Australia and New Zealand, France and the Americas, as CEO Stephen Nolan points out.
"We delivered solid gross margin growth in key markets around the globe, led by Belgium, Australia/New Zealand, France and the Americas,” Nolan said.
"We are pleased to report positive adjusted EBITDA in the first quarter for the first time since 2011, as we benefited from our focus on growth and disciplined execution in core markets and practices."
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