FINANCIALS: Hudson results show drop in UK gross margin

Gross margin has fallen at the UK arm of US recruitment giant Hudson.

The firm, which has offices in six UK cities, reported that gross margin from these shores was 3% lower in the third quarter of 2017 than in the same period a year earlier. 

“Growth in permanent recruitment and recruitment process outsourcing was offset by declines in temporary contracting,” a company report stated.

Hudson Europe’s gross margin increased 1% year-on-year in constant currency terms in the three months to 30 September 2017. 

“Gross margin growth was driven by Continental Europe, up 4%, led by growth in Belgium and Poland,” said the firm.

Revenue fell 5% year-on-year across the firm’s European business to $37.6m (£28.7m) in the third quarter of 2017. 

Worldwide revenue was up 9% to $118m over the same period, while global gross margin also rose.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

FINANCIALS: Empresaria reveals fall in profits, but Offshore Services delivers growth

Empresaria’s Offshore Services operations proved to be the shining light in the company’s fortunes in 2023, according to the global specialist staffing group’s annual results.

Financials 27 March 2024

APPOINTMENTS: 4-8 MARCH 2024

This week’s appointments include: greenbean, NRG, Pertemps, The IN Group

People 4 March 2024

Morson Group announces majority investment by Onex Partners

UK-based engineering and technical recruitment firm Morson Group has announced the completion of a majority investment by Onex Partners (Onex).

Contracts 6 February 2024

NEW TO THE MARKET: 15-19 JANUARY 2024

This week’s new launches include: Abacus Group, Randstad Digital, Rhino Safety, Rubix Recruitment

New to Market 15 January 2024
Top