FINANCIALS: Harvey Nash profits hampered by currency headwind
30 September 2014
Currency headwinds have hampered executive global recruitment firm Harvey Nash’s profits, chief executive Albert Ellis said in announcing the company’s unaudited half-yearly results today [30 September].
Tue, 30 Sep 2014
Currency headwinds have hampered executive global recruitment firm Harvey Nash’s profits, chief executive Albert Ellis said in announcing the company’s unaudited half-yearly results today [30 September].
Speaking to Recruiter, he said most of the company’s profits are made outside of the UK – in the Eurozone, the US and Nordic countries – and that sterling had been “unusually strong”, therefore affecting profits.
The company posted an unaudited half-yearly profit of £43.6m for the period to 31 July, up 1.1% on the same period last year.
The strength of the brand and the ability to continue returning a profit, Ellis said, was in its broad service offering, including permanent and temporary placements.
Companies in stronger markets such as the UK and US were seeking permanent recruits to increase their headcount.
Companies in weaker markets such as Europe, however, often had a freeze on headcount and therefore were seeking temporary workers.
Currency headwinds have hampered executive global recruitment firm Harvey Nash’s profits, chief executive Albert Ellis said in announcing the company’s unaudited half-yearly results today [30 September].
Speaking to Recruiter, he said most of the company’s profits are made outside of the UK – in the Eurozone, the US and Nordic countries – and that sterling had been “unusually strong”, therefore affecting profits.
The company posted an unaudited half-yearly profit of £43.6m for the period to 31 July, up 1.1% on the same period last year.
The strength of the brand and the ability to continue returning a profit, Ellis said, was in its broad service offering, including permanent and temporary placements.
Companies in stronger markets such as the UK and US were seeking permanent recruits to increase their headcount.
Companies in weaker markets such as Europe, however, often had a freeze on headcount and therefore were seeking temporary workers.
