FINANCIALS: Hays posts flat profit growth

Recruitment giant Hays has seen flat growth in group net fee income, with a 2% decline in the UK & Ireland year-on-year, according to a trading update for the quarter to 30 June 2019.

The update reveals that while the group saw NFI rise 2% year-on-year in Germany and 3% in the Rest of the World respectively, in Australia & New Zealand and in the UK & Ireland NFI was down by 5% and 2% respectively.

Hays CEO Alistair Cox said: “We delivered a solid end to our financial year with underlying fees up 1% and strong cash generation, despite tough comparatives, more mixed macroeconomic conditions and some signs of reduced business confidence. 

“Asia performed strongly, up 10%, although Australia slowed in the run-up to its General Election. Europe saw mixed conditions, although our largest market of Germany delivered solid underlying growth, and Southern Europe performed well. The UK was understandably more subdued, particularly in the private sector.

“Looking ahead, we are mindful of economic and political uncertainties and will continue to focus on driving consultant productivity, while making selective investments in our key markets to reinforce our market leadership.”

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

FINANCIALS: Kelly Services’ revenue down 5%

Global recruiter Kelly Services has seen revenue decline 5.4% year-on-year, according to results for the fourth quarter of 2019.

Financials 14 February 2020

FINANCIALS: Randstad results reveal small drop in revenue

Recruitment giant Randstad has reported a slight decrease in revenue year-on-year, according to results for Q4 2019.

Financials 11 February 2020

FINANCIALS: US TrueBlue sees decline in revenue

US blue-collar recruiter TrueBlue has seen revenue decline 9% year-on-year, according to the company’s fourth-quarter results for 2019.

Financials 6 February 2020

FINANCIALS: Challenges in Europe hit ManpowerGroup Q4 revenues

Recruitment giant ManpowerGroup has seen revenues drop 4% year-on-year, according to results for the three months to 31 December 2019.

Financials 3 February 2020
Top