FINANCIALS: Hays sees rise in NFI

Recruitment giant Hays has seen group net fee income grow 9% on the same period last year, buoyed by its German operations.

A trading update for Q4 2018 reveals NFI rose 15% year-on-year in Germany, with 10% NFI growth in Australia and New Zealand, and NFI growth of 10% in the Rest of World segment. NFI was less pronounced in the UK, with NFI up 3% on Q4 2017.

Elaborating on the group’s performance, CEO Alistair Cox said: “We have delivered another good quarter of broad-based growth, with net fees up 9% and 17 of our 33 countries growing above 10%. 

“Our UK&I business produced another solid performance with 3% net fee growth, despite continued economic uncertainties.

“While activity levels at the start of the New Year will be an important driver of the Group's second half performance, and we remain mindful of macroeconomic conditions, the outlook is good across most International markets. We continue to invest in key structural growth markets like Germany, the US and Asia, capitalising on the clear opportunities we are seeing. Our diverse and balanced global business, together with our highly experienced management teams, mean we look to the future with confidence.”

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