FINANCIALS: SThree sees rise in revenue and profit

International STEM staffing business SThree has seen net fee income climb 10% year-on-year, according to interim results for the half year to 31 May 2019.

The results, released this morning, reveal NFI rose from £148.4m to £163m, with revenue up 12% from £585.9m to £653.3m and operating profit up 21% from £18m to £23.3m.

Elaborating on the group’s performance SThree CEO Mark Dorman revealed the main contributors to the group’s growth have continued to be its key strategic focus areas of its business – progress within the key STEM markets, particularly the US and Continental Europe, as well as an increased contract weighting.

“Alongside our teams having capitalised on these major structural trends, it has been pleasing to note a number of other highlights for the group. Our small but rapidly growing Permanent business in Japan, the strong performance for Energy in the US driven by trends to renewable energy and power transmission, and the strengthening of our market-leading position in life sciences, where we continue to benefit from the emergence of new sector technology and data analytics.

“To build on this growth, we are continuing to strategically invest in the areas of the business which present the greatest opportunity, consistent with our vision to be the number one STEM talent provider in the best STEM markets. With the scale of the opportunity available to us, we look forward to continuing to execute in the period ahead.”

• 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 [email protected]

APPOINTMENTS: 1-5 APRIL 2024

This week’s appointments include: Ably Resources, Accurate Background, NPAworldwide

People 4 April 2024

Manchester opening for Fruition IT heralds start of growth phase

Following a significant investment in November 2023, Leeds-based recruitment company Fruition IT and sister company Fruition Consulting have opened a new office.

Contracts 22 March 2024

Minister gives more power to the North for job creation

Jobs were on the agenda at last week’s Conference of the North [1 March 2024] as Levelling Up secretary Michael Gove made a series of announcements in Leeds.

5 March 2024

APPOINTMENTS: 26 FEBRUARY-1 MARCH 2024

This week’s appointments include: Astute, Heidrick & Struggles

People 27 February 2024
Top