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 recruiter.editorial@redactive.co.uk

Twitter Twitter

FINANCIALS: Impellam expects earnings to be down

Impellam Group says it expects full-year earnings to be slightly below expectations, according to a trading update.

Financials 16 November 2017

APPOINTMENTS: 6-10 NOVEMBER 2017

This week’s appointments include: Armstrong Craven, Arrows Group, Class People, Core-Asset Verify, Eames Consulting Group, Entelo, Head Medical, INEOS Automotive, MOVE Guides, Pedersen & Partners, Randstad, Salt, Servoca, Zachary Daniels

People 6 November 2017

FINANCIALS: Cross Country Healthcare revenue climbs

US healthcare recruiter Cross Country Healthcare has seen revenue climb 6% year-on-year, according to results for the quarter ended 30 September 2017.

Financials 2 November 2017

CONTRACTS & DEALS: 30-OCTOBER – 3 NOVEMBER 2017

This week’s contracts and deals include: Class People, Encore Personnel, Frontline Recruitment, Morson Group, ResourceBank

Contracts 31 October 2017
Top