FINANCIALS: Hudson Global profits up slightly thanks to US business

Hudson Global has seen increases in revenue and gross profit buoyed by a strong performance from its US business.

The global talent solutions company’s results for Q2 2017, published yesterday, reveals revenue of $113.6m (£86.3m) – up 0.5% on Q2 2016 and up 3.6% in constant currency, with adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) of $3.4m, compared with an adjusted EBITDA loss of $0.7m in the second quarter of 2016. Gross margin is up 3.2% to $48.3m over the same period or 6.1% in constant currency.

Hudson Americas was the group’s top performing business, with gross margin up 18%, followed by Hudson Europe, up 6% and Hudson Asia-Pacific, up 5% year-on-year.

"We delivered solid gross margin growth around the globe, with growth in nearly every country and notable improvement in the U.K. and China," said Stephen Nolan, CEO at Hudson. "We are pleased to report positive adjusted EBITDA for the fourth consecutive quarter, as we continue to focus on our core markets and practices, delivering growth and positive cash from operations,” he added.

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

NEW TO THE MARKET: 12-16 FEBRUARY 2018

This week’s launches include: APSCo, ClickMechanic, Computer Recruiter, Guidant Group, ITS, Recite Me, TFS Healthcare, Uncommon.co

New to Market 13 February 2018

CONTRACTS & DEALS: 12-16 FEBRUARY 2018

This week’s contracts & deals: Berry Recruitment, Bullhorn, Crown World Mobility, Educate Resourcing, Jobshop UK, PageGroup, Spider, Templine Employment Agency, The Curve Group, The Daisy Chain, Thunderhead, TXM Recruit, Uniting Ambition, Viventis Search Asia

Contracts 12 February 2018

FINANCIALS: Kelly Services reports increase in Q4 revenues

Recruitment giant Kelly Services has reported a 9% annual increase in Q4 revenues, according to results for the fourth quarter and full year 2017.

Financials 2 February 2018

FINANCIALS: Capita overhauls business and issues profit warning

Capita has issued a profit warning amid plans to strengthen its balance sheet and embark on an overhaul of its organisation resulting in cost cutting and the sale of unprofitable businesses.

Financials 31 January 2018
Top