FINANCIALS: Hudson delivers increase in gross margin and revenue

Global talent solutions company Hudson has seen revenue rise 8% year-on-year, according to full-year results released yesterday.

The results reveal for the full year ended 31 December 2017, the group posted revenue of $456.7m (£332.1m) up 8% from 2016, or 7.9% in constant currency, with gross margin of $186.7m up 7.1% from 2016, or 6.6% in constant currency. This was led by strong growth in Asia Pacific and marginal growth in Europe. 

Though there was a decline in performance in the Americas and the group posted a net loss of $2.9m, or $0.09 per basic and diluted share, including goodwill impairment in China of $1.9m, compared with a net loss of $8.8m, or $0.26 per basic and diluted share, in 2016. 

For Q4 2017, the group saw revenue of $121.6m up 21.2% from Q4 2016, or 16.4% in constant currency, with gross margin of $48.7m up 13.9% from Q4 2016, or 8.7% in constant currency and net loss of $2m, or $0.06 per basic and diluted share, including goodwill impairment in China of $1.9m, compared with a net loss of $0.3m, or $0.01 per basic and diluted share, for Q4 2016.

Hudson CEO Stephen Nolan said: “We delivered solid gross margin growth in the fourth quarter, with growth in every product line, including permanent recruitment, temporary contracting, recruitment process outsourcing and talent management.

“We are pleased to report positive adjusted EBITDA for the sixth consecutive quarter as well as positive cash flow from operations. For the 2017 year, we delivered revenue and gross margin growth, significantly improved adjusted EBITDA and positive operating cashflow.”

• 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