Continental Europe recruiter USG People saw a fall in its reported profits in the three months to 31 December 2015.

Reported EBITA [earnings before interest, tax and amortisation] was €8.4m (£6.6m) compared to €18m in the fourth quarter of 2014. 

However, after taking into account a number of non-recurring charges, underlying EBITA increased to €36.1m from €27.8m in Q4 of 2014, a rise of 30%. 

Revenue grew by 11.9% to €677.3m. 

Commenting on the results, Rob Zandbergen, chief executive of USG People, says: “Our revenue increased by 12% and there was a high rate of conversion to underlying EBITA, which improved by 30%. We achieved double-digit growth in the Netherlands and Belgium and outperformed the market in all four countries.”

USG also has operations in France and Germany.