SThree reports Q4 profit up 27%
5 December 2014
Recruiter SThree has reported full-year gross profit of £218m – an increase of 18% year-on-year and 27% year-on-year for Q4.
Fri, 5 Dec 2014Recruiter SThree has reported full-year gross profit of £218m – an increase of 18% year-on-year and 27% year-on-year for Q4.
The company’s financial results for the year ending 30 November 2014 also showed that gross profit for the contract side of the business was up 27% year-on-year and 36% year-on-year for Q4. On the permanent side, gross profit was up 6% year-on-year and 36% year-on-year for Q4.
Gary Elden, chief executive of SThree, said: "Looking ahead, the strength of the contract book and improving permanent performance gives us a strong base to grow the business.”
But Elden added that “deteriorating” economic conditions in the Eurozone and a significant reduction in global oil prices in recent weeks had “added some caution to the outlook”.
SThree operates in the finance, IT and HR sectors.
The company’s financial results for the year ending 30 November 2014 also showed that gross profit for the contract side of the business was up 27% year-on-year and 36% year-on-year for Q4. On the permanent side, gross profit was up 6% year-on-year and 36% year-on-year for Q4.
Gary Elden, chief executive of SThree, said: "Looking ahead, the strength of the contract book and improving permanent performance gives us a strong base to grow the business.”
But Elden added that “deteriorating” economic conditions in the Eurozone and a significant reduction in global oil prices in recent weeks had “added some caution to the outlook”.
SThree operates in the finance, IT and HR sectors.
